vespasian03: The "actual value" of B4M may well be somewhere between A$ 4.00 and A$ 10.00 for all I could guess.... I do NOT believe that anybody can give an ACCURATE VALUE for B4M - but suffice to say that this a world-class asset (as we all KNOW for many years already....).
However, the "actual value" is NOT AT ALL the issue here. The real ISSUE is IF AGS share-holders (ordinary "mushroom type" ones) will ever see any value coming to them. Hence - and as everything written in this post is clearly JIMHO (and I could be wrong, of course) - the ISSUE is how the AGS company is being managed and hence how AGS' shareholders will be compensated for holding these shares (or not).
For the opportunistic very late-comers here, there is obviously a fair chance to make some decent return. Good for them! For the long-term holders (with substantially higher in-prices) I have my serious doubts that they will ever see a positive return.
I am quite CERTAIN that I shall be making a LOSS on this stock - the only question in my mind is how big a loss. But I am prepared to see this now go on to the either bitter or semi-sweet end.
I had hoped for closure in 2014 - and now really hope for closure in 2015!
wasa
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