FO said :"if anyone is of the opinion that alliance resources has been treated unfairly due to quasar resources..."
Didn't AGS commission a report that found the sale was fair and reasonable?
Didn't AGS spend considerable amounts of shareholder money pursuing the very questions the ACCC might ask but then pulled the plug before judgement was handed down?
So why should the ACCC pursue anything when AGS itself determined the sale was fair and reasonable & the court case not worth pursuing?
As to the poster who thinks there's no potential downside. Plenty of risk here. Not for management of course.
On the plus side, Abbotsleigh did exercise their options which increased their share of AGS which increased their claim on the remaining cash in the event they decide to distribute what's left. That fact might increase the probability that they do just that.
But if they don't, what's the probability they actually pick up a decent prospect?
Management's record over the last few years speaks for itself.
And let's not forget, B4M was found by Quasar/Heathgate NOT AGS.
AGS Price at posting:
3.2¢ Sentiment: Sell Disclosure: Not Held
