The share price is trading under the offer price because first of all the AGO shareprice has gone down after the offer was announced.
But also because there is still a risk that this offer may not succeed (althoug minor risk imho).
Even now if we combine the two shareprices we may see discount of about 6 cts per Atlas share, if we look at the price of GIR.
I took advantage of this discount and sold all my AGO shares and bought GIR.
I did this first of all, because I think this deal will go thru and I took the opportunity to make some profit out of a trade that otherwise was not possilbe without risking losing my AGO shares.
As a second I did this incase we get another bidder who wants to either AGO not having GIR, or wants it for themselves or both, in that case I will have the upside of the GIR shareprice and the option to sell out and move back into AGO.
So for now GIR would be a cheaper entry for AGO , but only ofcourse if AGO succeed in taking over GIR, which imho will happen.
Good luck to all
jojo
GIR Price at posting:
$4.33 Sentiment: LT Buy Disclosure: Held
