Ann: $71.3 million Offer from Quasar for ACE's Four Mile Interest, page-181

well we all talk of a buy out
lets reverse it and offer 220 mil to quasar for them to walk away and we retain just our 100% lease back with a bit of pipeworks inthe ground of which we have contributed,

as you can see how much profit has been generated over the year whie the mine has been running with ace share of 30mil,and then add quasar share 3x30=90mil so in esence a total of 120 mil per year ,

a very profitable mining operation,


to buy out for 220mil and then our stand alone plant if right about 192mil a total of $412,

wheres the money comming from

itchou in the background and a push up of share price for a cr and long term finiance for funding,and with profits of 120mil per year,who would not like to assist in the money lending,

make an offer to quasar and look how much they would want,so why are they trying with low offers


better to go mining return to the 25% and a more fairer jv agreement