Good question peony-rose. I'd feel a lot more comfortable if that were the case - avoiding any perception by shareholders at large of there being a conflict of interest.
AGS was once ORS's major shareholder (big sigh here). It still owns 22m ORS shares and now has $73+ million from the fire-sale of B4M, of which it will be distributing around $50m in October.
I would have thought it better value, a better look for Gandel Metals, and more of an arms length transaction if AGS bought ORS's Hogan Project at .0055c /share as is now being proposed/offered. Cost around $1.3m for an asset it part owns anyway. Distribute AYC/AYCO fairly all around and save money on self fulfilling "expert reports/justifications" .. Just one mere " Non Gandel Metals shareholder" view..
ORS Price at posting:
1.7¢ Sentiment: None Disclosure: Held
