Hi Metal, shareholders are wanting news and the directors are...

Hi Metal, shareholders are wanting news and the directors are trying to get the best price. Heathgate wont pay any more than it has to. Itochu buys 14% of AGS, in November or sooner they offer 30 cents cash and say one share in a new company for every Ace or AGS equivalent. The shares are valued mostly by capitalising the future anticipated earnings of Ace/4mile and possibly other uranium interests potential. So the share holders get some cash and they get to benefit from future 4mile earnings if they want to. Itochu gets an earning, prestigious uranium project and may have the influence to command respect in the JV. Heathgate would have to match this offer, likely in cash if they wanted to avoid a joint venture with the Japanese.