In the last Quarterly activities report it says that AGV current has $1.846 million in cash.
The current market capitalisation of AGV is $1,026,025 (Issued Shares: 29,315,000 @ 3.5 cents a share). If the company was to liquidate and only the cash on hand was distributed to all of the shareholders everyone would get 6.3 cents each for their share!!! A 80% premium of what it is currently trading at.
Therefore, if AGV has sucess at Broads Dam the share price should rise substantially.
The announcement should be out tomorrow! (The last day of June!)
AGV Price at posting:
3.5¢ Sentiment: ST Buy Disclosure: Held
