Ann: General Security Agreement, page-746

@Corgi on the other thread I asked G8 his thoughts around WGX involvement and how their 10% purchase of AME has some strategic significance now we understand the FS results.

Reading your statement above, I've been trying to understand if WGX's stake in AME may be the 1st step to eventually purchasing AME and MDI sandstone projects??

I feel I have been caught with my pants down on the FS results, but I highly doubt that Rick and the team were also as surprised as me when the FS was delivered.

If you're wanting to increase your resource so you could increase your Oz keeping your holdings in AME would be the savvy thing to do.

Their net position as of Dec 20 was 2,5m but not sure what their burn rate was estimated for Q1? Is it possible Rick and the team want to get rid of sandstone and focus on Barklay? Leaving the door open for WGX to make an offer for the amount you have mentioned in your above statement?

Sorry to bombard, but I'm left with more questions than answers.

I'm totally fine if they want to sell sandstone I just want to share my opinion and see if it's plausible. To me, MDI is now about recovering as much muller as possible. Barklay is one way of covering the loss and the sale of MDI for anything over a value of 14cents per share is the other.

What I fear the most is if they cant sell the plant.... then what?

Thanks for your insight

ASXO