Steve is an insider. I bet he is not allowed to buy atm and has not been allowed to buy for a long time. Not one Director has bought any shares at all for ages. There must be a reason. And no buy-back there must be a reason for this too and it's not as though AGS has not had some funds to do a buy-back. Money was spent at Warrina. And money has been spent in Chile too.
I thought it was a bit of a tradition for a Company Director to buy a few shares on-market when a super duper Company milestone is achieved. This has not happened once. Not by one single AGS Director. And Bob Holliday wasn't given any shares when he signed on in 2012.
Too much inside information floating around I think.
If Steve buys tomorrow it will be at an over 30% premium to the current share price. This should be a headline. "Four Mile Insider buys at premium".
Yes Heathgate does have a deal to sell on a contract at that price but with an asterisks I guess because the Quarterly stated that start-up was delayed by one month so just maybe we should expect another program and budget from Heathgate because all the numbers so far were for a start-up mid March not mid April.
Today's Quarterly provided no new info except for Chile which just maybe is some kind of red herring to distract from the prolonged negotiation that is currently underway regarding Four Mile.
Heathgate dumping Alliance is one dumping I am looking forward too because Alliance has a kind of like inbuilt prenuptial agreement.
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