I can see that foulthrow as given you as good an answer as any. But, I may go a little further than that, knowing that it may just be classified as conjecture.
It is the usual that, if any profits will be split on a percentage ratio, it only happens when a proper Joint Venture between two different entinties has been made, and then announced to the market at large. This percentage ownership and future profits splits, is then based on what the JV agreement states.
Anything else, if not properly announced through the market via the ASX, would run the risk as been classified as non disclosure to which, both the ASX, and ASIC, wouldn't take too kindly to it. As for me, I cannot recollect reading any such announcement.
Anyway, the best thing is what FT said. And that is to ask that question at the AGM.
APG Price at posting:
3.7¢ Sentiment: None Disclosure: Held
