Just called the company and confirmed the relevant interest ADS has in this project:
Bariq owns 50% of Jebel Sayid
Vertex owns 70% of Bariq
ie Vertex owns 35% of the Jebel Sayid project
ADS currently owns 25% of Vertex, ie 8.75% of this project
HOWEVER ADS has first, and last rights of refusal to acquire up to 100% of Vertex - IMO this is now going to be a certainty before March 31, 2007.
So in other words, ADS will eventually have 35% of this project.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.717M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $0 | 334 |
| ADS (ASX) Chart |