* No need to capital raise and I dont think they will * merge with PDY def required and will happen soon, hence no need to cap raise * Terry to join board of PDY - that will then make it a prett robust board with the 2 new fella's * fair value closer to 2.5 if not 3 times. * Takeover of AGU will need to be at premium as also have to factor in that combined entity will be more valuable than current structure so premium should be paid to ensure that it gets taken up. Should be a real benefit for both PDY and AGU shareholders to get the whole project into one vehicle * Also need a very high take up rate for it to be successful so again, premium needs to be factored in to ensure AGU shareholders agree to the takeover
Overall, things starting to look good and I think getting set at these levels, particularly in AGU will be a good move.
AGU Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
