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5.3¢ hillgrove resources limited

Prepare for PHES take-off, page-18

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foyt

1,262 Posts.

105

18/09/19

23:28

Post #: 40474096
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Originally posted by HIO: ↑

AGL currently have a legal contract with HGO to develop the Giant Pit for PHES. This contract and its legal agreements and "understandings" is between AGL and HGO. AGL is now negotiating with a third party, ARENA, to take advantage of a $40m grant to proceed with the PHES. My view is that AGL is compelled to hold all negations with ARENA in conjunction with HGO until such time as AGL completes the contract with HGO. I say this as any implicit understandings between AGL and HGO would be subject to change through the involvement of a third party, ARENA, who were not a factor in the contract between AGL and HGO.

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Hio,

My view is that AGL could legally (or contracturally) speak/liase/ contract/ accept grants from or otherwise with any third party in regard to the PHES as long as it did not impact on their contract obligations with HGO . This view is formed without the knowledge of the precise contract details between HGO and AGL.

HGO Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
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