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News: AGS Alliance Resources Gets Intention To Make An Off Market Takeover Bid From Gandel Metals, page-4

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thrasher

4,829 Posts.

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23/02/22

20:10

Post #: 59771583
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Originally posted by sisyphus: ↑

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.

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I have held on my original investment from the Maldon days I did buy a large package after that and sold for profit before SA collapsed so looking forward to getting some sort of payout again, timing is everthing they say.

AGS Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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