who uses $25/ resource ounce for EV? its usually 35 to 50 bucks i believe.
@ $35 this puts cap at $52M or 25cps.
This stock is being played with no doubt. After end of september it should fly when the oppie overhang is out of the way.
As a side, if SLR (or someone similar) wanted to take AAG out, they would only have to issue 36M shares at $2.2 (note discount) and could take the whole co for 80M... This would only represent 20% dilution for SLR with, from memory about 180M shares on issue. Win win for both co's.
AAG Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held