Eduardo buying offmarket shares from INSTOs & increasing his stake by 1% to 86% while its cheap as chips.
Is that why he took his $1M profit on TRY shares from 10c to 12.5c so he can now buy more of AGD at 3 year lows at 6c?!
Why is this even listed with him owning 86% of it, he could do a TO and then compulsorily acquire the lot and take it private at 90% like Gina did with AGO! He doesnt care what the price is on the ASX obviously.
Yet no news on the Casposo payment to TRY of U$1.5M
So if no payment then AGD keeps 70% & weighs out of its deal and TRY keeps a 30% holding.
If they withdraw from Casposo & its maintenance/drilling they will have to hand it back to TRY for nothing or start paying up 30% royalties,
Cant have it both ways, that was the deal.
Market looks to think they will give it back, thank you very much.
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