The Director/Directors rode on the back of the 60c CR to mount a legal challenge. imo
It failed. imo
Which leads us to today, to cut a long story short.
and this talk of a possible further dividend down the track.
What has it done or what purpose did it achieve?
This is my opinion on that..........
After ACE was sold for approx 50m with the mined Uranium included, valued for around 20 plus Million.
The Directors rightly returned most of the proceeds from the Sale to shareholders in a 12c dividend.
But the damage of selling the major asset was done and what was offered next, oh, a possibility of a further dividend down the road.
1 cent/2cents ? It may happen, it may not. But it possibly could serve a purpose imo
eg It contains shareholders from exiting stage left on masse once the record date is past or at least allows interest for new buyers for the exiting long term AGS shareholders . imo.
and so the game continues. imo
The above, My opinion, just for consideration.
I maybe proven right or wrong.
Md
AGS Price at posting:
3.2¢ Sentiment: None Disclosure: Held
