AGS 0.00% 17.5¢ alliance resources limited

I do most things online these days. So, if I did get anything...

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    I do most things online these days. So, if I did get anything from Computershare in the mail, I don't recall it. They're definitely in my Computershare account though.

    See here: http://www.allianceresources.com.au/irm/content/rights-issue.aspx?RID=331 for details of the Rights Issue

    As to why they were unlisted, for many shareholders participating, they probably wouldn't have a big enough parcel for them to be worth trading. For many, a sale probably wouldn't even cover brokerage.

    Another company I own fairly recently had someone exercise 2 options @ 0.30c. The company received 0.60c. That's the sort of thing we may well see with AGS.

    The short-life? Well the cynic in me says that the thinking may have been that if AGS was unsuccessful, they may have needed another CR. Best to clear the decks and do it all over again. We heard news from the trial that there had been sales, so hopefully, even in the event of a loss, it won't be necessary
 
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Currently unlisted public company.

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