Four Mile has been sold and shareholders won't ever get the value that we should have got if the company had used the capital raising at 70 odd cents a share on establishing the mine rather than going to court.
The key point now is what will the company do with whatever cash it doesn't return to shareholders. Will it be sharp enough to prosper on another company's (or companies') misery that perhaps has the undeveloped resource but not the cash to properly prove it, or will it find another cash sinkhole.
Someone bought a lot of shares at 15c Friday. What's that about. I remember thinking the same when the shares were trading at 12c prior to the return of the 12c being announced. Probably a coincidence of course.
AGS Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held