We have three well planned annc. in three short days. IMO AGS has thought very carefully how to release what it did so as to gain the best impact and to finally let us know exactly whats going on.
Where do we think the sudden good news of the resource upgrade came from????
Well not from Heathgate thats for sure, they dont want to make things harder for themselves.
My bet its a little teaser of better things from the Independent Scoping Study which they tell us is completed.
Id look for the ISS to be released just before the Court Hearing in Feb. or April so have maximum impact on our case.
I also think this wont go full term in court cause there is too much to loose in cash flow and the BB`s have sunk too much into this to wait for their return. No way they will wait for better prices/exchange rates. There are too many variables and other players to bank on such a strategy. Its already profitable at current levels.
PM did what he came to do and he`s staying to collect his options. He knows exactly what the situation is and whatthe resource is worth.
He stepped aside so the BB`s can save face and negotiate with a new CEO. The BB`s dont want to get into a public court arena and get burned like they did recently. IMO this will get resolved sooner than later.
AGS even paid their $2M instalment as per the JV terms last quarter.
Its all out there now and even the croos trading being made lately to shake the share price down wont work. AGS has the cash reserves to go as long as it takes now.
The next few months will be the most active now INO. Again IMO they will settle and move on to mining, even though i ts later than we hoped.
The buyout offer was made already and rejected, otherwise we wouldnt be at this stage.
Its going to get exciting now I think
Cheers Chicka
AGS Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held
