"Atlas retail shareholder Shane Taylor, who has formed AGO United with other small shareholders to fight the tie-up, described the 3¢ offer as a “kick in the face” given the benefits MinRes would derive from the deal in the form of one billion tonnes of resources, 13Mtpa in port capacity and $500 million in tax loss credits.
He believed Atlas was worth 9¢ to 11¢ a share, but suggested shareholders would consider an offer valued at 5¢ to 6¢."
Thanks Shane Taylor, the tyrekicker doesn't mention about the $500 Million tax loss credits.
AGO Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
