re: seller/sellers?
one of the things I have learnt from being a professional trader is that the market can be so slow, and it is especially the case for spec stocks, and that is why I find playing spec stocks can be actually safer then Blue chips, as far as risk/reward is concerned.
AGU is a no brainer and the cheapest entry to Peak hill as the following figures show; Note this is a simplistic valuation
AGU Shares 297mill Options 113mill 3.5cents (have left out the 70mill partly paid shares as you basically have to pay 2cents to get them converted to fully paid shares)
Fully diluted 410mill = $8.2mill Peak hill(30% interest)l = $2.46mill per 10% of peak hill market value
Peak hill(70% interest) = $3.84mill per 10% exposure
So PDY trading 1.5times the value of AGU so based on a 1.6cent closing price AGU (note solely based on its equity of peak hill) should be trading @ 3cents
Of course you got to factor in chinese 3.5cent placement potential for PDY etc , but the market doesnt stay asleep for long.
Please note this is a very simplistic valuation, as always do your own research.
AGU Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
