why has glasier returned to u3o8, page-19

RBA

That is definitely a possibility but would prefer to see some evidence of it somewhere. If the JV between ASMC and Ablation was significant enough for it to be announced to the market and mentioned on their website, surely ASMC's shareholders should be informed if the company no longer has the rights to the technology.

Also, ASMC was supposed to fund the JV as part of the JV agreement in March 2012, so if they didn't fund the JV and George Glasiers clearly didn't fund the JV (evidenced by the fact that BLR is now responsible for funding the JV), doesn't that mean that the original JV between ASMC and Ablation was never concluded. IF BLR is going to end up funding the JV, why don't we just deal directly with Ablation Tech so we don't have to give equity to George Glasiers?