I hold ASN as well as VoyageurPharmaceutical (VM) in Canada....

I hold ASN as well as VoyageurPharmaceutical (VM) in Canada. Reading VM's recent Discussion and Analysis report (Page4) I came across the following section:"TheCorporation and Anson Resources Ltd. (“Anson”)are parties to a joint venture agreement in respect of theCorporation's interest in 89 mineral claims covering approximately720 hectares in an Iodine/lithium brine property located in theParadox Basin of Utah, United States. On September 14, 2016, theCorporation entered into a Standstill Agreement with Anson. Under theterms of the agreement, Anson paid Voyageur a non-refundable depositof US$75,000 (CDN$98,753) in exchange for the exclusive right toconduct due diligence on Voyageur’s ULI Project for a period of 45days and, based on its due diligence findings, earn into theproject.OnMarch 27, 2017 the Corporation signed a formal Joint Ventureagreement with Anson whereby Anson may earn up to 70% of the ULIProject by undertaking exploration activities on the project. Ansonearned a 10% interest in the ULI Project upon signing of the formalJoint Venture agreement and can earn further interests uponcompleting the following:·40%by defining the location(s) for one or more drill holes, issuing a NI43-101 technical report, and incurringUS$666,000 in qualifying expenditures; and a further 20% by drillingand logging one or more holes, issuing an updated NI 43-101 technicalreport, and incurring US $2,330,000 in qualifying expenditures.

Atthis time, the terms of the Joint Venture agreement have not beencompleted by Anson and Anson has not completed the 40% earn-in phase. TheCorporation has determined that the ULI Project will be the keyproperty for its future strategy focused on iodine. Voyageur hasbegun investigating other iodine rich reservoirs in the UnitedStates, that may offer a faster track to completing its fullintegration plan for the iodine drug market. The ULI project isexpected to developed as a lithium,iodine and bromine project afterpositive cash-flow is established with barium sales"

I find hard to believe that ASN has not fully fulfilled its JV obligations. Elsewhere VM claims that the agreement also calls for a 3% royalty. Thoughts?