OTCPK:ASLRF - Post by User
Comment by
paulindoonon Apr 16, 2010 12:35pm
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Post# 17000350
RE: Debate on AGQ's value
RE: Debate on AGQ's valueSunjammer, perhaps I can shed some light on one aspect ot the Grafton situation, although I must point out that I have no way to verify this.
While attending the Investor's presentation by JW @ Royal York, Mar8, I asked him why he ever got AGQ involved with Grafton. At the time it looked like to our mgnt that the normal avenues for raising funds in that market had few options with slim pickings - think back to what happened to most juniors explorers at that time & that "slim pickings" statement starts to make sense.
Jw as a supplementary also stated that Grafton people were difficult to deal with. For example, AGR /Grafton would achieve some agreement on some terms one day but for some reason in the next meeting, some of those details were lost to the same Grafton's group - my take is that "old age" syndrome labelled as senility may have been in play. How JW could maintain his focus & composure with that fluidity speaks volumes to his abilities.
Now with the disclosed statement that Grafton have, & are continuing to, shed their AGQ holdings, I would say the sooner that's done the better of AGQ will be.
I fully expect the Cdn SP to rise higher than yr 12p target = Cdn
18. My personal believe is that once the ore is on a continuous delivery to the refiner, AGQ should rise to be in neighbourhood of Cdn0.25 to 0.30. A caveat to this - I am supposing that Au will not take a nose dive (some concerns about that due to Elliot wave theory). If Au drops, it is logical to suppose that the action will have a negative affect on the AGQ SP.
All above IMO. GLTA