Cash reserves down to $7.1 million. ... but should own 77.5% of the Wilcherry Project by mid year ... . Top 20’s percentage holding has increased slightly from nov 1 to 59.38% (jan 19). .. The relatively low number of shares on issue has been a good feature of AGS over the years (imo) ... And definitely not unhappy that we’ve let the NSW tenements lapse in order to concentrate on SA and WA. ... $7.1m doesn’t go far in the exploration game.
(Fingers crossed no more legal action ahead for AGS - today’s AFR report of a loss in the G v Myer lease stoush reinforces for me the risks of going down any money gobbling legal path).
AGS Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
