Just reading the last ann again leads me to think that whilst the AEC Board may have agreed terms on 17th the transaction requires ASX approval - it's probably with ASX at the moment. Subject to any ASX issues, we probably will get confirmation early this coming week. As NLR said....what's another week!
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"Andrew’s report detailing the valuation of the bauxite projects has now been completed.
There remains one outstanding tenement valuation; upon receipt of which the consideration terms can be finalised and agreed.
As mentioned above, the transaction will then be subject to the approval of the ASX, AEC board and MKY shareholders.
The next meeting of the AEC board is on the 17th September. We aim to have the commercial terms of the proposed transaction agreed on this date."
MKY
mky resources ltd
