re: propsed takeover bid from tony sage - pdy
we all know that sage and co have been selling down PDY for months. Could sage and co be that relentless seller on AGU as well? sell down both stocks have the shareholders screaming for management blood, come in with a dubious discounted offer for PDY + condition that all current board of PDY is removed and replaced by sage and co + sage's reputation for turning around assets into massive dividend profits.
Gets PDY people thinking would they be better of under sage.
and sage would eventually want AGU as well.
It just seemed to obvious on a +100 point day on the asx we get AGU hitting its lowest point in a YEAR with decent 1mill sell downs only minutes before the PDY takeover offer is given. and its NOT as though AGU is in a precarious position CASH wise justifying the decline.
SUSS!
AGU Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held