Australia's largest stock trading and investment forum Australia's #1 stock forum

AGS

Click for more information

0.00%

17.5¢ alliance resources limited

very lucky to get 15c dividend.. that is the best case scenario....

First 198 Last

Share
Profile

Follow
tutes

3,306 Posts.

679

15/07/15

09:05

Post #: 15634434
Share

Originally posted by sisyphus ↑

Has anyone considered that now, having reached this last shameful episode, the Board might want to cut and run? Didn't IG recently opt out of GIP?

When you take off the debts owed post sales settlement, and you start with the same money we had in cash prior to the legals ($40m?), what are we left with? Divide that between c401m shareholders? At best 5-6c per share?

If mm's 15c dividend per share was any possibility at all I'd say the directors were planning on a fold up of AGS, and a cut and run. Perhaps we have someone in the wings wanting to buy a shell ?

Just some left field thoughts ... I'm hoping of course that the Directors would want to redeem themselves but .... ?

Expand

very lucky to get 15c dividend.. that is the best case scenario.

but who knows how much of the $74m will be needed to pay off debts (eg. court costs, Dragomann, etc), how much will AGS keep for Chile. I'm sure we'll find out, but I wouldn't count on it being 15c.

We all know what AGS are like, why expect such a high handout this time?

AGS Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Revolutionary inverter technology leads the clean energy charge

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Emerald & Azure score Digger & Dealer awards

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Bitcoin: Current State of Play & Where to Next | Swyftx

TNC

True North increases silver metal at QLD's Vero deposit by 20%

There are more pages in this discussion • 321 more messages in this thread...

First 198 Last

Add AGS (ASX) to my watchlist