FO
Itochu has the opportunity to take up 40% of ACE for around 20million dollars with the share price atm.
Look at what they get. Lets say AGS's share of the B4M deposit is 25 million lbs Uranium
So Itochu's share is 10 million lbs and they are paying 2$ a lb.
Does that, the Itochu deal, fall under the Clause that H/Q have final call on the Sale of the 40% to Itochu.
40% of ACE for 20 million!
If you know something about the Sale process and what role Itochu and H/Q play then as I say to V03, spit it out.
Unless AGS gets between $7- $10 a lb no offer should be even entertained and that's only if the Shareholders get the 100% sale as a dividend. . imo
Tell me what do you believe to be a fair price for AGS's 25% of B4M? If you believe potential buyers are falling over themselves to get AGS's 25% of B4M.
You say "if someone owns something good you jump at it"
Yes FO B4M is very good but our Directors are selling because either the entire Board cannot work with the BBros or one of the Board cannot! Nothing else. imo
Md
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Ann: Sale Of The Four Mile Uranium Project, page-134
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