Yes, Heathgate have extended their licences right up to GIR's boundry line.
But that boundrey line is also their own boundrey line - Heathgate can earn a 75% interest in GIR's tenaments.
So Heathgate can call the shots in relation to AGS's land as well as GIR's land.
Heathgate spending $14M on AGS's land over the next year. What about GIR'S land? I have posed this question to GIR'S management and they say they are in the dark about what Heathgate are doing.
Hence my comments re GIR and AGS merger. It would give them bargaining power against Heathgate and also make them a target for a big company.
I guess my question is hypotetical and somewhat provocative to AGS holders. In the short term GIR has many strings to its bow including Zinc Co which should do very well.
But the big one is Lake Frome - the big one I am happy to wait for.
PS. Profit trader -I think your posts are great. GIR is tracking AGS's share price by 6 months to the letter. Should mean happy days soon. Cheers
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
