Hi guys, I only hold indirectly through SNC’s significant holding in AGS. I reluctantly, though (I thought) realistically at the time, accepted Gandel Metals offer of 14 cents in 2019 for all of our fund’s AGS shares. I can't remember the exact number we had, but we were in the top 20 and, from memory, it was an all or or nothing offer. The majority of shareholders accepted the offer too, I believe, though not Sandon Capital (c10.5%).
Needless to say we made a capital loss, but the payment by Gandel Metals was quick and smooth, and we subsequently made up our losses through ALK,
I have followed AGS’s progress since selling and have often wondered how minority shareholders might profit from their tenacity. In that respect I am disappointed for you... but optimistic too as I believe (hope) that you will get a better offer than the current 18cents. .. Anyway best wishes to all holders who chose to stay the course. You have great fortitude.
AGS Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
