AGS 0.00% 17.5¢ alliance resources limited

Ann: Offer Document, page-2

  1. 306 Posts.
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    AGS largest shareholder, (controlled by the chairman of the company, Ian Gandel) committing to take up their full entitlement.

    https://hotcopper.com.au/data/attachments/2149/2149342-ef94854caa30fdb8ce29a6e269dff520.jpg
    According to the recent Top 20 (see below), the chairman effectively own 71% of Alliance (equivalent ~$16 million, as per last weeks close).

    With so much of his money invested in the company, I doubt his interest would not be aligned with shareholders.

    Bringing on Weednanna into gold production ASAP would be his number 1 priority. Especially with the magic run in gold prices of late. As they say, make hay while the sun shines.

    https://hotcopper.com.au/data/attachments/2149/2149344-a40b78b10c8673373915f41eff85323d.jpg


    Last edited by Ralph2103: 11/05/20
 
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Currently unlisted public company.

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