AGS 0.00% 17.5¢ alliance resources limited

tomorrows ruling/s, page-5

  1. 733 Posts.
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    We know the result already, the details / justification should be no big deal.

    Denial of access to the books means AGS cant prove unconscionable behavior, and therefore an over-charging for production which will effect AGS profits. AGS will appeal.

    Further discovery which was granted for the M&DC case is a win, so an announcement should be worded such. This ruling is the catalyst to bring Quassar to the table to negotiate.

    And while we are all playing closest to the pin, I call a T/O price of .80c (I would like more but Top 20 owns 56% so it may be a case of lost opportunity elsewhere for these guys) IG's ALK is going through the roof.

    That said, I have no clue as to why the Chile investment. A good vehicle to move costs / siphon profits off-shore but most of these types of ventures always end in tears for the shareholder.
 
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