Ann: Four Mile - ACE Versus Quasar Hearing Completed, page-30

"But I remain confident about the capacity of management to get us the real value of B4M++"


I'd like a dollar for everytime I've heard that!
I've gotta watch my P's and Q's now but I cant help replying to the quote above from poster V03.

For four years now I've read that management will get the real value of B4m.

The problem I have is what is "real value" that V03 refers to.?

We know that the bases for value atm is the offer from H/Q for approx. 37m and the value of mined Uranium to date.

At the time it was take it now or leave it offer.

We know from the last AGM and words to the effect about the Reduction Process that the 110m for ACE's share with no Costs over 12yrs then withdraw from 4M was a good deal and as John Dunlop said for all who attended to "do the sums" (good deal). imo

In notes from the recent HC attendees to the Courts it was raised by H/Q Lawyers to the Directors on the stand about the Reduction Process(Good deal) and its value to AGS (some where around 130m at present U prices.)

Its all we have atm! But I'm too lazy to work out how good this reduction process's return of approx. 110-130m over 12yrs is? 110-130m, NO costs over 12 yrs, walk away? compared to 15% and costs atm (15% next Cash call) Anyone able to help me out.?

Now we get to V03's "real value"

Honestly I'd love to know or at the least be able to tell, how real value will be achieved ?

All I see is the Reduction Process if AGS loses the next Court matter or a possible Sale for ACE of 15% plus, depending on any attempt to return to 25% with winning the next Court Matter.

Or stay in the Joint venture and make the next Cash call and continue with 15% overall.

Does any of the above get Shareholders real value that was evident before the Court Matters?

Or is Real value referring to anything better than the 37m offered for ACE by H/Q.?

Or is real value any share price higher than the low? 5.8c?

I hope upon hope that AGS's directors have the proof , not just words like eg "conspiracy to defraud" (words mean nothing imo) to allow the Judge to hand down a decision in AGS's favour.

Even if everything goes AGS's way I still believe we will never know the real value of Four mile unless AGS is there till stumps are called! imo

With the next Court decision its either up or down for the Shareprice. Judging by the volume in AGS's shares, no-one atm, is willing to gamble!

Surely with all the suits in Court some-one must have an idea of a possible result.
Are the Lawyers allowed to have an opinion? lol
Eight point four cents?

I notice a few new names appearing in the top twenty. imo

Good luck all

Md