is this what the future awaits...- Aos shareholders receive special dividend of 0.25 cents per share once government payment is received - this will be sooner than later as the ogvernment doesn't wait to keep paying 5% interest on what they owe.
- Africa assets will be split out into a new company and AOS shareholders will receive shares of new company on a one for one basis. Potnetial value of shares .03-0.05 cents
- remaining assets (algar lake) will be sold and AOS will be no more. Cash proceeds will go to the new Africa company for future development working capital. This could add another 0.05 cents per sahre to the new africa company but will not be refelcted in current AOS value.
Therefore fair value is 0.30 per share. Outcome is farily certain so AOS should trade up to 75% of this value before government proceeds are received. If you are happy to wait you will get .30 in the enxt 12 months, if not then make a decision and sell at .23 cents in the short term.
For those who bought the flow through shares at .55, this is still a loss so nothing to get excited about. JMHO.