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17.5¢ alliance resources limited

Ann: $71.3 million Offer from Quasar for ACE's Four Mile Interest, page-179

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chrome033

1,003 Posts.

04/07/15

04:58

Post #: 15579816
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Originally posted by preempt ↑

I believe Q/H are in a difficult position in as much as they need to maintain the perception they hold all the cards while weighing up the potential of a win to AGS. The difference between a pre or post ruling offer could be significant so they need to determine the risk and try to mitigate it as best as they can before hand. It would not surprise me to see an eleventh hour offer from Q/H once they receive notice from the court in the days leading up to the decision. They would know exactly what they think AGS's share of the project is worth but knowing they have a window of opportunity to test the AGS director's intestinal fortitude, they will test with incremental offers, imo.

I say, forget the pie in the sky numbers and consider what the asset is worth now, in the current market. What would clinch the sale? I don't know but would $100m persuade the directors to recommend a deal? With $100m in the kitty, management could buy some pretty excellent distressed assets. The SP would look a lot healthier than it does now, the Coy would be in a commanding position going forward and there would be no Q/H to contend with any more.

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NO, that is not a true value.
Pie in the sky says WHO ? you?

AGS Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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