Ann: Garema Gold Project, NSW-AGS.AX, page-7

Well, if you're relying on the cash:

23/07/2009, AGS released a presentation to the ASX stating they had net cash of $52 million.

They would raise just under $5 million more in 2015.

They'd dispose of B4M for $73.975 m.

I'll also remind you they disposed of Maldon Gold Mine and the net benefit to AGS shareholders appears to be shares currently worth a couple of hundred thousand dollars.

They've been pretty good at raising and spending money, not so good at generating long term wealth though.

This time it'll be different though

Having said that, I admit that if you get the timing right, you might be able to do OK out of AGS. In fact, I think one or two prominent former posters did quite well out of AGS and they (erroneously, in my opinion) attributed that to AGS management rather than good luck.