AGS 0.00% 17.5¢ alliance resources limited

Yes Sis - the market seems to be more influenced by the...

  1. 227 Posts.
    Yes Sis - the market seems to be more influenced by the negatives than the positives at the moment - a shortage of strong buying interest leaving us at the mercy of the quiet accumulator. We have seen strong interest with announcements - a range in the last 4 weeks of .73 -.98. You get the feeling that there is plenty going on behind the scenes and the possibility of a positive announcement say (1)concerning resource size (2) third part interest (3)some action on the area outside the JV , could reignite things.I think Heathgate are going to stay on the sidelines and keep chipping away. I can't see how Ags can avoid taking some sort of protective action to at least attack the production cost figures. At the last Agm Ian Gandel spoke of the business relationship needing to be fair on both sides - the use of superior position by one party could only lead to the other party reacting in kind when or if the tables turned. Seems to me we are being rorted.
 
watchlist Created with Sketch. Add AGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.