AGS 0.00% 17.5¢ alliance resources limited

Legal Matters, page-128

  1. 935 Posts.
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    I did preface that with "..what I hope is the endgame"

    I'd add, AGS & Quasar Resources have never come to blows in their two main legal battles. One or the other has blinked & as I've posted before, most commercial disputes seem to be settled prior to trial.

    As to today's weakness, I think they'll always be some punters happy to take profits where available on a placement. And as a general rule, I think that's a sound risk-management strategy. In this instance though, I'm hanging on to mine (for the time being) as, in my opinion, I think AGS's ever growing stockpile amply backs the current share price & upside risk is substantial.

    Having said that, if AGS management were confident of victory, I would have thought a sounder strategy would have been not to place the shortfall. I believe they had enough funds to get through the case.

    AGS remains a headscratcher.
 
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