It has nothing to do with PDY (at least not directly) as its not...

It has nothing to do with PDY (at least not directly) as its not in the PDY Qtrly.

My cynical mind can conjure up a reason for the loan and who the recipients are. I wonder if others can also draw the same conclusion.

To work out where I'm coming from you will have to think laterally a bit.

There may also be a perfectly good explanation for the loan though they chose not to mention anything about it. $500k is quite a significant amount to be loaning someone for a company of this size. I would have thought it is of a material consequence and worthy of some sort of explanation.

Is it a secured loan or not? And who was it to?

Time for open and honest governance from AGU and the stablemates. Shareholders deserve a lot better than what has been served up over the last couple of years.

So what happens if this mob decides to do to AGU what just happened to PDY? They raised $214k upfront for 714m unlisted options, yet PDY still has more than $1m in the bank and AGU paying for the fe drilling.

AGU is quite well cashed up atm, especially now that the board has surrendered nearly all the tenements acquired since listing. No need to raise more cash at giveaway prices. In fact AGU has so much cash they are now giving it away.

Once again my cynicism is kicking in. Its because what happens to one of these companies usually happens to the others. That puts AGU and YRR in the firing line by my reckoning.

The sp of both are quite weak atm and vunerable to opportunistic corporate activity. It would be good to think they won't be attacked by those getting paid to protect shareholders' interests. There is absolutely no need to dilute the companies prior to drilling results being released but going by what has happened previously I cannot bring myself to trust the management of any of the 3 companies yet. Yes, they have done some drilling, but then so did previous management and we know all about their agenda. Still waiting for tangible evidence that things have changed for the better. The unlisted option deal in PDY to sophisticated investors was not in the best interests of most long term shareholders imo. Good for traders and those that got the unlisted options though.

Lending money to undisclosed entities doesn't instil any confidence in me much.

Feel free to put alternative views forward.