I do think the biggest risk this stock faces is one of timing...we are hoping that Heathgate's and AGS interests are perfectly aligned when they might not be. We can be confident Heathgate wants to develop and mine but let's hope they want to fast track it sooner rather than later....logic suggests they would want to bring the cash flow forward as soon as they can and the $14m drilling program suggests that, but who knows what their agenda is...it's a private entity.
eddy I don't see a huge slowdown in the world economy, but if there was, is energy useage highly sensitive to economic growth? I would have thought "staples" of life e.g. food and energy would be one of the last commodities to be affected....but I don't know. It is an interesting point worth investigating further, until now I have seen energy (oil and gas and uranium) as fairly defensive.
AGS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
