AGR 4.17% 2.5¢ aguia resources limited

Ann: Application for quotation of securities - AGR, page-3

  1. 95 Posts.
    lightbulb Created with Sketch. 31
    I'll kick the can with you.
    I believe stated reasons are for commissioning of 30 tpd plant and to hire / purchase a nearby phosphate treatment plant if / when the phosphate assests ever get into production. Yes I believe the Andean shareholders shares are in escrow while these 100000000 (thats a lot of zeros) are indeed "ready to go".
    And for the newly issued shares to make a profit they would have to be worth more than today, which is management's stated goal is it not? Share price appreciation?
 
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