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3gb and Henstar, great posts. All plausible and certainly an...

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25/07/14

17:20

Post #: 13716679
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Originally posted by 3gb ↑

There are lots of different ways to perceive this thing. If Itochu want to buy AGS's 25% they have to make an offer Heathgate dont want to match. If they get 40% of shares in AGS/Ace they can offer a higher price because a lot of the money comes back to them. Another or additional way is to partly pay in scrip, if it has earnings or a dividend or hype it will capitalise the assets of the company and be worth more than what the market is currently valuing AGS. If Heathgate want 100% they have to match Itochu's offer in cash I would assume. In this scenario we want Itochu to get lots of cheap shares. If Heathgate wanted to spoil this aspect of the plan they should invest in AGS and drive up the price, I dont think they will. It is a theory, may be I am wrong.

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3gb and Henstar, great posts. All plausible and certainly an indication that this game is not over yet. Now if the price of uranium were to make an upward move!!!

AGS Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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