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There's some real trouble with this JV.For AJM to publicly state...

  1. Kfann
    609 Posts.
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    31/05/13
    12:23
    Post #: 11833157
    There's some real trouble with this JV.

    For AJM to publicly state a specific term of the JV that the "development requires unanimous approval" is blatantly saying they are not in agreement with AGO.

    And probably haven't been for some time given the continuous delays over the past 2 years.

    Sounds like AJM is threatening to get their way or they are prepared to sink the approval.

    In nicer circles, is call 'Blackmail'

    $45m Vs $700m. This will be interesting to say the least!

    Cheers,
    AJM Price at posting: 10.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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