Hmmm ... I’m feeling a little less confident at the moment as the share price and cash reserves diminish daily. Clearly the market isn’t viewing our 100% ownership of Wilcherry the way we long term holders are.
Fantastic fundamentals, but where to from here ?
Can we hope for an announcement prior to the deadline that will convince shareholders to take up their RI ? ... Is anyone else worried about the risk here when cash is so low? ... I’ve lived through a few large losses due to companies with great assets slowly, or quickly, running out of cash. .. You only have to read the current CTL forum and old ORS posts (octaganol since privatised) to see the angst that exists now for CTL, and that existed back then for ORS. (Longterm holders will remember how CTL’s Maldon mine was once AGS’s main asset - prior to B4M).
Would like to read others’ thoughts on our cash situation and the RI. .. Am still vacillating...
AGS Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held