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17.5¢ alliance resources limited

Huge selling down

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BullishToTheSky

1,731 Posts.

136

11/05/20

10:11

Post #: 44544334
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Originally posted by Ralph2103: ↑

AGS largest shareholder, (controlled by the chairman of the company, Ian Gandel) committing to take up their full entitlement.

According to the recent Top 20 (see below), the chairman effectively own 71% of Alliance (equivalent ~$16 million, as per last weeks close).

With so much of his money invested in the company, I doubt his interest would not be aligned with shareholders.

Bringing on Weednanna into gold production ASAP would be his number 1 priority. Especially with the magic run in gold prices of late. As they say, make hay while the sun shines.

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Huge selling down

AGS Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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