proportional takeover bid, page-11

Afternoon All

Still here watching and holding Sis.

The deal with Drummond is dead duck deal and will get scrapped or should be IMO. Obviously the mine has been developed enough to be commercially viable . Therefore true value cant be sought or obtained till it is properly developed

The big issue now of course is the current uncertainty of what will happen next and when with the JV. Hence the current share price.

Its simple the current shareprice has nothing to do with the value or even size of the resource.

Everyone knows its there.

Everyone knows its big.

Everyone knows it will be mined.

The question when, and the answer is not real soon as hoped. So the money has moved to other options for now.

When the certainty returns so will the shareprice rise again.

As I have said far earlier sources associated with Quaser/Heathgate have been buying AGS stock for some time, and why wouldnt they.

Its got nothing to do with Managements poor decisions or takeover this or that. That stuff wont happen.

AGS knows exactly what there , how big it is and what it costs to get it out.

The court cases are there to force Heathgate/Quaser to officially tell AGS what they already know regarding these facts so then AGS can inform the market what we all basically already know . The terms of the JV Agreement will eventually prevail, its a legal arrangement. Its a matter of getting what we are legally entitled to .

I mean its a big resource, we are entitled to 25% of it and it will get mined.

AGS will also resort to a damages claim once the court case goes in our favour. Such a claim would put further pressure on Heathgate for a resolution of the situation.

Just have a look of what Biota had to do to get a fair deal out of its licencing deal with Glaxo for their Relenza deal. It took a while but the little guy won out against the big boy for as fair deal.

All Court actions take time, patience will be neede. Otherwise maybe move on if you have to.

Im getting pretty sick and tired of the downrampers who have their own agenda by continually crapping on. They will never buy this stock even if it was 10c a share. They are just like the big mouth we have all seen at work`s morning tea. They are gonna do this and gonna do that but never do. They are the kids who used to pull the wings off flys in the school playground, its the same sort of "fun" for them now.

Good luck to them but be sure they will only comment on a downtrend!! No fun for them on an uptrend!!

cheers

chicka