I'm totally delighted to see this development happen, but I wonder if the market felt that the ann was a tad soft? I mean sure Quasar/Heathgate are calling the shots in terms of the development and expansion of the area, and the news about the licensing is good but the way the ann reads is that Alliance is a passive partner in the venture and that they have been delivered the decision, feasibility study, and budget (undertaken by Quasar and Heathgate).
I get the sense that once the commercial terms are clearer and Alliance undertakes its "detailed consideration of the feasibility study and other available information" and makes it's "informed decision in relation to participating in the project", the market may be more responsive?
My thoughts... still watching with a great deal of interest and do not hold at present, although have been in and out over the years! Looks like value at present!
AGS Price at posting:
67.6¢ Sentiment: Buy Disclosure: Not Held
