ags court, page-114

Can anyone confirm that the "subject to 50%" shareholder uptake refers to 50% of the total number of eligible shareholders - which appears to be just over 6,000 (from ann report) ?

The directors have indicated that they will ...but subject to .. Is that binding ?

I'm sure you've all read it - but here it is again, from the prospectus:

""John Dunlop, Ian Gandel and Tony Lethlean (being the non-executive Directors) and their associated shareholding entities have indicated that they will take up all of their Entitlements under the Offer, subject to a minimum of 50% acceptances by Eligible Shareholders (including the applications from all Directors and their associated shareholding entities). Stephen Johnston (managing director) and his associated shareholding entities have indicated that they will take up part of their Entitlements under the Offer, subject to.. "" etc

Can anyone help here please? Like chicka I'm trying to understand the motivation behind the entitlement offer. Can they still take up without the 50%?

We also seem uncertain about whether AGS has elected not to contribute next year. Re-reading that ann it seems unambiguous to me; that they have already elected not to. And that we've effectively sold 10% of our 25% (of what is probably the Mining Lease) to Q/HG already. ..

Would love to be wrong..(PS - glad to see you back FO)