Australia's largest stock trading and investment forum Australia's #1 stock forum

AGS

Click for more information

0.00%

17.5¢ alliance resources limited

I attended the AGM. Whereas I didn't stay after the close of the...

First 4 Last

Share
Profile

Follow
chrisCarter

935 Posts.

57

30/11/15

09:25

Post #: 16506582
Share

Originally posted by sisyphus ↑

Hi everyone. I've just read the chairman's address and can't say I was overly inspired. I hope those at the AGM had the benefit of more positive after meeting chats. Anyone want to share? With salaries and fees etc amounting to c$1 million per year shareholders will look for some justification.

Have also just re-read the updated ORS/Gandel Metals privatisation scheme and calculated that if the court approves the scheme (good word ) AGS will receive $121,000 in cash and 8,800,000 AYC shares. .. Remember the old Maldon valuations and capex/opex ?

With the chairman ending his address with ""Looking to the year ahead, Alliance is well funded to pursue exploration in Chile and other acquisition opportunities in the resource sector." I couldn't help wondering if there are other schemes in the pipeline involving AYC, whose coffers look much like AGS's, ORS's, and GIP's at the end of FY. .. Just thinking aloud. I hope we spend more wisely this time around. GLAH

Expand

I attended the AGM. Whereas I didn't stay after the close of the meeting, I can tell you there was quite a bit of discussion about salaries during the meeting. I'll post my thoughts in the other thread when I get a chance.

AGS Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

Reply

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

There are more pages in this discussion • 1 more message in this thread...

First 4 Last

Add AGS (ASX) to my watchlist