Not looking good for AYC, muglsey, but it would seem bad economics (to me) for AGS to buy something that it could have remained the major shareholder in (ORS and then with AYC share allotment) just by spending a few hundred thousand in the rights issue (as did Abbotsleigh). Stranger things have happened though .. And the Victorian gold value remains a mystery to me, though we know millions have been spent trying to extract it.
JD seems not to have had much confidence in it (Drummond etc). Will it prove to be Gandel's gold folly or make GM as rich as croesus. Probably neither; just more deals within deals ?
AGS Price at posting:
3.3¢ Sentiment: None Disclosure: Held
