AGS 0.00% 17.5¢ alliance resources limited

Ann: High Grade Gold Results Increase Weednanna Potential, page-3

  1. WCJ
    372 Posts.
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    Yeah but clearly the company is a dud especially when you consider the following:

    - The above results from Weednanna are clearly sub-par especially when you compare to the likes of say OKU who managed 65.6m at 2.20g/t gold from only 85m and their share price nearly doubled as a result.
    - Gold and Tin are useless metals and the price trend of both metals reflects this
    - Market Cap a massive 9.1 million
    - Only 9.5 million in cash reserves
    - Negative EV
    - At least a whole week or two to wait for the start of diamond drilling results to roll in from Zealous and Telephone Dam base metal targets
    - Probably even less to wait for full MLEM survey results from Wilcherry
    - A whole month to wait before drilling kicks off again at Weednanna
    - Only two new Gold anomalies identified from auger sampling at Nepean South measuring a measly 3000m x 1500m and 1350m x 850m which are only usually only indicative of primary gold mineralisation
    - Company has only committed to increasing their interest in Wilcherry to 80% in the JV



    Please consider my comments as pure sarcasm and are in no way intended as investment advice
    Last edited by WCJ: 28/08/17
 
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