Metalduster - I appreciate your concerns re the ambiguities created by the Itochu "strategic alliance" announcement. I've attributed this though to the inevitable uncertainties surrounding our relationship with HG/Q and the ongoing legal uncertainties. There can be no certainties in a "strategic alliance" at this stage except that, as we've been told, the deed AGS has signed with Itochu is "wholly consistent with ACE's legal obligations with respect to the Four Mile Project."
What also has certainty is that the ML currently give AGS a 25% entitlement to mine what is legally our's now - and this, if the resource is as large as is rumoured, is a considerable asset. ..
In any event these deals are far too complex for me to fathom but they have in the past provided value for shareholders - eg GIR comes to mind when in years past they made in specie distributions to shareholders on a pro rata basis when spinning off various assets. But there must be any number of variations to this theme that clever deal makers might creatively construct .. to be of benefit to all shareholders. Just my thoughts as we wait for ... whatever's next. .. Fascinating story, isn't it - More twists and turns than the Tour de France..
AGS Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
