Hi Wasa, I have held this long because I think the resource is very valuable, I have given the management the benefit of doubt as to competency. I to thought it would be logical for Heathgate to buy out AGS or 4 mile. Only recently has my perception changed. The resource is still valuable, I have doubts about management (competency rather than integrity), and that no buyout will occur until the ratio of ownership is established. There seems to me not many buyers for the shares regardless of talk of manipulation. I suspect several million shares are held by weak hands anticipating a buy out or that will get discouraged if reports from court are unfavourable. There is potential for general market weakness and that will lower all boats. There is potential that other investment oportunities will develop ie oppotunity cost.
The bottom line is am I a peasant hoping for roast duck or am I a proactive investor, I could be wrong in this instance but I have to look further down the road.
I dont think AGS investors need luck, they need patience.
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Hi Wasa, I have held this long because I think the resource is...
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