SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (28317)12/23/2006 2:15:38 AM
From: aknahow  Read Replies (2) | Respond to of 78421
 
If zinc is the thing, an unlikely play, AGT has promise.

Apollo says it Montana Tunnels is going to back in production by the end of Feb. Web site has weekly photo report of ramp progress.

The float is being decreased by T.SAS. On 14 Dec it filed with the S.E.C. showing it held about 8%. On Thur you could see the buying of APG on the tsx in 10,000 share lots. Not a lot of money per lot, but an indicator the anonymous purchaser was probably still S.A.S. Not expecting a buyout by S.A.S. just a reduction of the float.

S.A.S. is a neighbor to the Black Fox claims of Apollo in Timmins. S.A.S. lacks the money to make a premium bid for AGT. It does have controlling insiders with deep pockets, which will be able to fund continuing open market purchases if they want to.

S.A.S. has made three acquisitions recently. So somehow it is able to do deals, when there is no opposition.

A medium chart on S.A.S. might scare some to death. AGT short term looks good but a longer term charts shows the company has had lots of problems.

Try to get the Russsell presentation to play. Check out the S.A.S. filing by Apollo. Check to see if the M.T. deal makes sense and will produce cash flow sufficient to move Apollo to higher ground.

Disclosure. I own more than I should. Am not a seller at these levels. Would possibly begin to sell at $1.20.

I do not like the management. The company does a so so job of keeping the market informed. Was unable to listen to the presentation on my computer. It is summarized on boards at Stockhouse and Yahoo.