AGS 0.00% 17.5¢ alliance resources limited

Ann: Half Year Accounts , page-9

  1. 6,616 Posts.
    Oslo, I agree with Wasa. I think the deal with Itochu was only to try and force Heathgate into making an offer. As it stands Neal is getting what he wants without having to buy out our 25%. By AGS threatening to sell our stake it puts pressure on Neal to make a decent offer. Doesn't seem to be working though! Sorry to say but I think Neal is quiet a bit smarter than Ian and as this drags on our position is becoming weaker and weaker. I can see this ending in a low ball offer being accepted by our board.
 
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