Hey mate, yeah I'm with you. I honestly don't think the market can properly value this stock right now. Insto's cant gain access to the stock with just ~$1.4m of tradeable stock (this assumes Tony/Justin Fung retains their 89%) based on current mkt cap. Im not saying it deserves to be valued higher today, but this is unlikely to be the loss making operation the previous Austrian owners ran once developments have completed.
There's a chance AQS is used as the holding company for not only Canberra casino, but also any future Qld developments. Get multiple casino assets secured, delist from ASX, IPO on Hong Kong exchange to then fund the $bn Cairns project. Thats the dream!
Looking forward to the revised business proposal.
AQS Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held