AGS 0.00% 17.0¢ alliance resources limited

Hmm - thanks B and D - memory is a fallible thing. Your post...

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    Hmm - thanks B and D - memory is a fallible thing.

    Your post sent me back to the announcements, and I see that I forgot the 2nd small return of capital in 2016 of 2c/share. Had remembered only the 1st return of capital in late 2015 when AGS had $76.3m following the sale of B4M to Quasar for $73.975m. That 1st return was 12c/share with circa 417m shares on issue (pre the consolidation of 1 for 4, which reduced the # of shares to around 104m).

    So that’s better - a somewhat lower burn rate than I had thought ... but imo (and experience as a long term AGS and other exploration stock holder) $6/7m doesn’t go far. I do though think that what has been achieved in SA and WA in such a short time (since the sale of our first flagship asset) has been a credit to the team ... best wishes everyone.
 
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