most negative forum I have ever seen....traumatised shareholders that hugely over-estimated the value of AGS over the years, which is why they have been holding on to massive losses over the years
for FY14, AGS
accrued $7.7M in legal fees because they took three legal actions against Healthgate, all the way to the High Court, lost each and were required to pay not only their own legal expenses but also the legal expenses of Healthgate. these legal fees were finally
paid in January 2015
the loan owned to Gandel was also paid in shares at the last capital raising
on face value, examining the published financial statements, the AGS net current asset to debt position is close to nil
that both AGS & Healthgate agreed to end the current legal actions would mean they each should bear their own legal costs
you guys & gals really believe $74M is going to disappear?
you guys & gals really believe Gandel, whose average price is around 4 cents, won't want to pay himself a return of capital of at least 15 cents? (which is $60M of the
tax free $74M since AGS have $76M in accumulated losses)
you guys really believe another party will make an offer so to enter into a nightmare business relationship with Heathgate?
uranium prices are rock bottom. the operating profit margin is not great. Healthgate have already shut down their other two mines
the $74M is a good offer. AGS are wise to recommend to accept it. shareholders will accept it since I have never seen HC banter change a shareholder vote