AGO have also invested about $28M approximately in CTM through its original 19.9% stake back in 2011 plus other placements it participated in. It has diluted/sold much of its holding.
It still has 60m shares now for total market value of about $1M
To get the 19.9% stake of 212m shares, it acquired at about 9c per share.
Some placements were as low as 2.5c but one placement of about 8m shares, it bought at 44c per share.
Hard to know what the weighted avg price would be for the remaining 60m shares but there would be another deferred tax loss for an acquiring company to potentially use should an appropriate offer be made to takeover AGO.
AGO Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
