SGL ricegrowers limited

I'll be buying at 40 cents.Good post.If anyone takes an offer of...

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
  1. 11,407 Posts.
    I'll be buying at 40 cents.

    Good post.

    If anyone takes an offer of 40 cents you would seriously have to be mad or just financially sadistic.

    Why dont AGL just say "we want you for free"?

    40 cents values the company at just $160 million.

    The gas reserves at Camden alone, although not proven yet, are estimated at $10 billion.

    So AGL offering 40 cents is trying to get a resource at 1.6% of its potential value.

    If AGL offered $1.00...there might be a few takers...not a bad jump on the last close...still only 3 times the current share price.

    $1.50 would be quite fair probably right now.

    I'll be accumulating SGL now.

    Just cant believe AGL.



 
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