Thank you for the reply and information Strike and Fiery. It seems $19m is a large contingency fund. It would take a msssive budget blow out on 4 mile for it to be required. There is no talk of acquisitions, theyre focusing on the project with Heathgate. One would think the share value would apreciate closer to and during production which isnt far away. Why not raise more funds then if theyre required? ie less dilution. No doubt management have considered this. The only thing I can imagine is the surplus is a war chest, they are thinking of litigation and the funds are there to intimidate Heathgate. Any one got a more plausible explanation?
AGS Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held
