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Worked value split of Gandel scheme, page-27

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Get lost bear

321 Posts.

4

29/11/15

12:51

Post #: 16503674
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Originally posted by chrisCarter ↑

I guess XavierX2 raises some interesting questions of the true value of ORS to Gandel Metals/Abbotsleigh. Questions those holding may wish to explore at the upcoming AGMs.

Those of us who were AGS shareholders think our main asset was sold for a fraction of it's true worth. I'm not an accountant, so I'm not asserting anything, but for Abbotsleigh/GM, based on what we think was their buy in price, it appears the sale should lead to a substantial capital gains event. If they can use ORS's tax credits, the sale of B4M looks even better from a GM point of view.

We know there is at least one canny individual associated with Abbotsleigh/AGS/ORS who has the right background to know if it's possible to weave it all together.

If I was an ALK shareholder, I'd be a little nervous.

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Hey @chrisCarter you mention Alkane (ALK) in your post. I'm not aware of any connection between Gandel, Octagonal or AGS and Alkane. Is it the symbol you meant?

Cheers
GLB

ORS Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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