reality check, page-10

A message from crazybull


FrankieB is back telling us how it is again.
Let me ask you FrankieB have you been speaking with any of friends on the board of ags.
Were you one of the syndicate of significant holders that bought into ors?
Just wondering?

Ahhhhh, the good old argument of leave them alone and let them and their highly paid legal representatives do what they do best?

“obviously have a legal opinion telling them they have a strong case” Yes and this legal opinion got it wrong or maybe it was in their best interest to ensure that this legal action goes on to infinity.

“AGS are endeavouring via the legal system to get back the 75% of Four Mile” Are you sure about this?
Let’s just review the last market sensitive announcement.
“27 April 2012
ASX Code: AGS
No. of pages: 1

FOUR MILE PROJECT GRANT OF MINERAL LEASE

The directors of Alliance Resources Limited are pleased to announce the company has today received notification that Quasar Resources Pty Ltd (as to 75%) and Alliance Craton Explorer Pty Ltd (as to 25%) have been granted a 10 year mineral lease, commencing on 26 April, 2012, over the Four Mile Project area by the South Australian Minister for Mineral Resources and Energy.
The grant of the mineral lease is a significant milestone for the Project.
For and on behalf of the Board.
Steve Johnston
Managing Director”

If I was representation other people’s money and have read through this announcement I see no mention of the “fact” that there is a dispute of the JV percentages.
No how many official market announcements do you have to sift through before you find out the status of the legal dispute. Or do you have go to the ags website to find this information. And once found how do find all previous legal status updates. The transparency.
You can continue believing the bs that spews out from head office or you can believe in the share price.
The fact that the share price drops 30% before the news is released does not concern you in the slightest. The fact that it just looks like a well orchestrated stop loss raid does not bother you. Let me tell you once confidence or trust is broken it is very hard to get back. And the share market or share price appreciation is built on trust and new buyers willing to buy at higher prices.
KSCler’s post is accurate to make mention that more information about ags can be found on Hotcopper.

The silence is deafening. The trust between the leaders and the shareholders has been shattered. Please note a syndicate of significant shareholder is a different class to the pleb shareholders.

The leaders have declared war on the pleb shareholder. This will backfire big time when their performance options are not granted or they actually lose their high paid position for doing nothing actually working against their pleb shareholder.

Here is a statement that you may wish to review

A low shareprice and one that is dropping is not in the interest of any shareholder. It helps the enemy. Now if you were in line for performance options or required to raise funds (to cover loses due to getting some strong legal advise) at which end of the scale would you want the share price.

Just trying to define who the enemy is.