AGS 0.00% 17.5¢ alliance resources limited

Hmm - that puts a more glaring light on costs and everything...

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  1. 3,304 Posts.
    lightbulb Created with Sketch. 48
    Hmm - that puts a more glaring light on costs and everything that has flowed on from the 2010 decision to litigate.

    Just using rough figures: We have >$4.5m in legal costs to pay; say $2m to our lawyers (?); circa $4m paid over 4 years in remuneration to directors and management; the loss of Maldon ($20-35m ?? in Dec 2010) and dilution of AGS's 22m ORS shares during the RI at 5 cents; contributions to mine development .. and so on

    And how much held in cash !!! Last count 14m

    My heat sinks - please tell me I'm wrong, and that in the scheme of things we'll get so much for the sale of our 25% that all the above will indeed be immaterial, that we will buy back our Gold assets, and that all shareholders will be celebrating ...
 
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Currently unlisted public company.

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