A buyer is a buyer, any port in a storm. Itochu could form a public company, put Ace and its other Uranium assets in it, hype up the future earning potential of Ace and the prospects for its other projects and offer AGS shareholders some shares in the new entity and some cash in exchange for Ace. Might even be some director jobs for the boys. The shares they pick up now effectively give them a discount. Or we could stay in our present happy family and let Itochu pick up another 25% of Ace next year, probably as cheap as chips. I dont know what Heathgate would make of it, it could induce a move by them. Prehaps thats a strategy. I am thinking of buying on this basis. Any opinions?
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