A potential acquirer has 3 things working for them
1. AAG are proving up more ounces
2. Gold price is heading north
3. Share price of potential suitors are surging, whilst AAG remains stagnant, making a scrip offer cheaper by the day
Interesting to see what unfolds with this one. I get the feeling management are keeping their cards close to their chest. I'm aware of the oppie expiry theory keeping the sp down, but suspect there's something bigger, and better, about to happen...
Cheers
AAG Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held