We spoke about the trigger for Anglo to pull the trigger a while ago. Antenna is an interesting one but I dont think it will be that on its own that will push AGA as they already know the potential of Fiana as that is why they bought in. AGA can only remain #3 gold producer in the world through acquisition or exploration on existing leases they hold.
I tend to think the trigger is centric to the turn around of Cascavel which is the turn around of the entire company. AGA could potentially hold us for as long as they want while we are chewing up cash. The dilution will not worry them as it is similar to the cost of holding the operation if they are forced to buy it when they are not ready to progress it.
When we climb through the mid teens they will be looking to hit an offer that will get them over the line nice and cleanly first go before we climb too high.
I think we will climb into the mid teens on Cascavel turning earnings positive.
I really cant see us lasting the year out.
DYOR
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