Hi FO, Had a quick look through some of the posts from the court...

First 295 Last

Share
Profile

Follow
tutes

3,305 Posts.

679

07/07/15

20:11

Post #: 15595747
Share

Originally posted by FarmerOscar ↑

hi tutes,

i think you are off the mark here.

if your refer to the equity research way back on may 6th 2014 it was stated that a small capital raise maybe needed and this was on the basis that there was going to uranium sales and lets be honest about this can you imagine all the possibilities for an ags capital raise in early 2015 if quasar just sold our (be careful farmeroscar) uranium. yes i am mad at quasar, not alliance.

"No debt. Cash $20m (Apr ’14), projected to cover start-up cash calls through 2014. Assuming AGS has cash of $8m in July, a modest capital raising could be required FY15, subject to the uranium price."

and let me add that the uranium price today is looking good (in aussie dollars) in comparison to where we were in may 2014.

http://www.allianceresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1249-63534868/EquityResearch

about half way down page 1:

View attachment 77467

Expand

Hi FO,

Had a quick look through some of the posts from the court case (don't have enough time to go through it all because I'm at work).

.....myers “even if sales had occurrednd revenue had come in AGS would still need $20mill” SJ “ we asked Petra for 13m”....

http://hotcopper.com.au/threads/set...519001/page-366?post_id=15347751#.VZukJOlO670

From what I can recall, there was talk of shortfall amounts of around $10 million.

AGS Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

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

SGQ

St George shares rise 20% on Brazilian niobium acquisition

Wealth Within: Why the stock market isn't going to crash and more with Dale Gillham

Revolutionary inverter technology leads the clean energy charge

From the Floor with Kim Beazley at Diggers and Dealers 2024