25% discount to cash, minimal burn, where to now?, page-14

I don't think GM is going to takeover AGS.  Frankly, I don't think AGS has anything GM wants. (You can't takeover a cashbox by making an offer that is less than the cash)

It is widely believed ORS had something that GM wanted. Check out this superb post: http://hotcopper.com.au/threads/worked-value-split-of-gandel-scheme.2629795/#post-16299497

I wonder if GM would be tempted to vend in ORS's old tenements.  Of course they can't do it for free.  Cash is too obvious, so I'd suspect shares (backed by a shareholder vote and an independent expert's report stating it's all fair and reasonable of course).

Grassroots exploration is risky with no guarantee of success (as the Chile results prove).  Nope, better to use AGS cash to do the risky exploration rather than use your own.  If it comes up trumps, great.  If not, you're still drawing a check as a director and extracting fees for administration services provided.

All just speculation of course.