AGS 0.00% 17.5¢ alliance resources limited

Ann: $71.3 million Offer from Quasar for ACE's Four Mile Interest, page-194

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  1. 4,929 Posts.
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    SP would go down a lot if there was another CR however AGS should get the $25m from the stockpile eventually then their % of future mining and also from the other areas not under development at the moment, it all depends on your personal position. One poster recently said that he/she had managed to get their ave price down to 49cents. Some longtermers got caught back when SP was over $2.00, AGS owes these guys who bought in to various CR's including at 60cents. I have managed to get down to 12.5cents but have a couple hundred thou more shares than I intended, so I know whatever happens long term I don't think I would lose out. However you have to have empathy for the 49center and others. AGS had $45m in the bank a share price of $2.60 and 25% of a resource worth a fortune with U price at $70. Now the resource found is even larger, no money in the bank, 25% reducing to 15% ( on the producing area only), $25m in stockpile and U price at $35 ( will recover though). $71m is nonsense AGS needs to hang out for something at least above $200m imo, whether they payout to shareholders or stick in the bank makes no diff to me over time I will cash out one way or other. Poor management decisions, wrong partner and a bit of bad luck along the way hopefully next week brings good news, as I said this morning don't be surprised if it is something nobody here seen coming AGS has form for surprise.
 
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