AGS's announcement emphasised a condition that I think gives us a clue of what might be going on.
"Any sale will be subject to shareholder approval, consent from Itochu Corporation and Quasar Resources Pty Ltd not exercising its pre-emptive right."
http://www.asx.com.au/asxpdf/20120717/pdf/427fzwvzz557qn.pdf
Just a reminder of the deal with Itochu
The Company may redeem the Deferred Share Rights if NURA makes a takeover offer for the Company
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