Of course they intend to acquire the rest of Amitan Bootleg. some of the current Directors want to swap their worthless Amitan for ASX listed shares.
It's a Scook deal and Scook has already got his 19m shares, now the Directors and others want theirs even if its another dud deal for AGU shareholders.
They are about to relinquish some of the leases acquired through these raft of deals yet they are prepared to push ahead and grab more AGU for unproven land, just the same as the rest of the deals.
Shows the contempt they have for genuine shareholders who actually bought in the IPO. They are only in it for themselves.
AGU Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held