In regard to the document covering the Itochu deal, (reference 2012 ASX announcement)....
------------------------------------ Definition Four Mile Uranium Projectmeans the proposed mining uranium project to be undertaken within the boundaries of Mining Tenement ML 6402 and any tenement that is a successor, replacement, substitute, modification, extension or renewal of that mining tenement.
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Is it possible that the existing asset as we now know it will be split up via a settlement negotiation, therefore AGS ends up owning 100% of their negotiated portion and H/G owns 100% of their negotiated portion. The big question, is how much are H/Q willing to relinquish versus the risk of losing it all through an impending court battle whereas on the other hand what percentage would AGS consider a reasonable offer based on their confidence of winning.
For the sake of the discussion, let's say there is an agreement to split ML6402 50/50...AGS needs to work out what they would do with their portion, maybe selling some or part of it is an option...hence the recent announcement?
AGS Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held