I think many of us were a bit off the money with regard to that 800k purchase by WGR. AAG was a spinoff from WGR - doubt WGR want to reverse this transaction, when they have enough on their plate, and need key funding, for Rover?
My view is that MLX were the ones behind the move - Cook on both boards remember. MLX obviously see the importance of upping WGR's stake from 19.75% to 20.14% - blocking stake?
The plot hasn't got any thinner, but I suspect we'll start to see some action when the AAG mining study is released, hopefully before Xmas
A producing gold operation would complement MLX's booming tin operations very well, not to mention the potential from Wingellina nickel
Cheers
AAG Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
