AGG Acquirers - why no deal so farI'll let you guys into a little fact I picked up last year on the street. There was actually an approach from someone for AGG and they were going around talking to major holders. It was near the time of the raising last Sep or thereabouts. I have no idea of the value on the table but I believe the number was well above the market at the time (around 10-12 cents). In the end Pinetree and others decided there was far more upside in the company staying on the board. The reality is that management hold 10% or so - perhaps even 15%. Pinetree are at 20%. A few others hold another 10-15%. To put it simply this company is semi private and any takeout would have to be at a very big price (30 cents +). Personally I think gold miners and explorers are currently the opportunity o a lifetime and AGG is one of the best of the best. So for me I'm looking for well over one dollar a share. You might say that's pie in the sky, but I think its a real possibility. In some ways I'd be disappointed if someone came and offered 30cents a share because I think that still undervalues the company. This project will be able to take on debt so the equity dilution will not be stupid. If the new guys come in and actually deliver on their targets and gold starts to move then the price will have a nice move well before the major raising. At 30 cents a share you only need to issue 60m shares for $20m - in that scenario the dilution is quite low and the share count will end up well below 300m. I'll post some of the key extracts from the SGS work in the PEA - that is what you need to read to understand what the project is about. As far as the non-believers go, I say it is good news, because if you don't like the project but still take the time to follow it and post then it means you might come round once some more information comes through. This is what we want - more buying. Time will tell and of course there are risks but there is huge asymmetry here.