Just been reading about the takeover bid for AGO and thinking the similarities.
AGO was 1.9 and the bid at 3.02
AXZ was 32 and the bid 50 cents
Both managements strut around like peacocks and say we got you a premium.
The reality is they lost money for 95% of their shareholders .In the case of AXZ , most kept their jobs, the top 2 guys got paid more than the PM of the UK, not bad for a company not in production.
