Here are some points a friend mentioned concerning the current situation with AGS. No point asking me any questions about it, they are his opinions. Make of it what you will.
: Independent valuations ‘may’ have already been done by Alliance & Heathgate.
: Perhaps Heathgate actually suggested Alliance source an independent valuation.
: The valuations conducted ‘may’ only relate to the known (published) details with regard to the known resource.
: The valuation ‘may not’ include the results of any drilling/exploration subsequently conducted following the most recent public announcement up to the current time.
: ‘Production may’ only be announced after the initial original consignment has been loaded for export. Therefore, production figures may be known in a couple more weeks.
: Perhaps valuation will not take into account any expenditure incurred from commencement of initial B4M exploration/drilling?
: Perhaps valuation will be based solely on the actual sale price – less any associated expenses Incurred in ISR recovery, processing and actual dock-side delivery costs?
: Perhaps H/Q has forward contracts for supply at a figure far in excess of the current spot price? Therefore making sales cash-flow positive?
: Alliance ‘may’ have to source their independent contracts of sale – however, who would enter a contract above the spot price in this current climate? Cannot see H/Q offering AGS’s product to H/Q clients at the contracted price. (Apparently/perhaps H/Q & AGS are DEFINITELY not talking to each other under any circumstances.) Sounds like a marriage made in heaven XX.
: Perhaps H/Q only ships a consignment when they have produced approximately 3 x containers of Yellow Cake (or perhaps approximately 75 tonnes)?
: One week to go until trial and, as far as we are aware, NO witnesses have been contacted…!!!!!