agm stung in market punt, page-9

Deitzy might have a bit of explaining - even more so then THR.

Deitzy who wears two hats as CEO of Gullewa and Financial guru at AGM had on 20800000 AGM shares on his books at GUL on 30 June. Now he comes out saying he has copped a 1.7 mio loss followed by a 2 mio loss and now only has 12800000 AGM shares.

That in my basic sums would mean he knocked out the AGM (lets say for at least 70c - $5.6 million) and is now $3.7 million down. Possibly a loss of over 9 million.

Not bad for a mob with a market cap not much more then that.


I hate to say to Melua and Andrewe but it looks like AGM will be better off in someone elses hands be it Michelmore or someone else.

Chinkiat