The current offer almost beggars belief. I really have to wonder...

The current offer almost beggars belief. I really have to wonder what it's all about. All AGS has to do is wait til the end of 2015 & the value of AGS's share of uranium produced will be pretty close to the offer price.

As to what is an acceptable offer to me as a shareholder. Well, we know there must be at least 150 m pounds there. AGS share 37.5 m. We also know when you look at the diagram that the resources remains open in quite a few directions. We also know there exists the possibility of delineating additional roll fronts within the known resource. US$225m does not seem particularly unreasonable to me & I would have thought absolute minimum.

As it stands, Quasar basically wants the resource effectively for nothing when you consider development costs combined with the value of already extracted U.

Truly staggering that they had the hide to put that forward as a formal offer.