On the 1st of March 2018, the share price was 0.125 cents.
On the 1st of June 2018, the share price was 0.087 cents.
But the top 20 shareholders on the 1st of March 2018 owned 57.41% of the company.
Fast forward to the 1st of June 2018; they owned 58.71% of the company.
Hence it is NOT the top 20 shareholders who are selling. They are increasing their position.
Everyone outside the top 20 and the owners of the remaining odd 40% of the company are selling, day trading or selling before June 30th tax time.
As the 58.71% moves to 60% plus, then to 65% plus. Now the shareholders outside the top 20 have a less overall supply to sell and trade.
When the market does finally wake up to AGS, 65% will already be spoken for. Hence most people will be chasing the final 35%.
Musical chairs and the music is starting to get softer IMHO.
Oh and by the way any gold project with drill holes like:
14m @ 36.1 g/t
60m @ 5.65 g/t
15m @ 18.21 g/t
and many many more, with a JORC resource due by June 30th, 2018, well watch people try and buy and the share price will have nowhere else to go but up IN A RIP YOUR FACE OFF MOVE.
June 30th is fast approaching, watch the TAX sellers drop off after this date.
If this company was in lithium with the same fundamentals, where would it be trading?
AGS Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
