AGS (ASX) expect a take-over by heathgate

AGS Expect a Take-over by Heathgate
My reason for expecting a take-over by Heathgate of the remaining 25% of Beverley 4 Mile are as follows.
This discovery was made in 2005 and is emerging as one of the most significant high-grade uranium deposits in Australia, and possibly globally.
Four Mile is the third highest grade deposit in
Australia behind Jabiluka and Koongarra.
Drilling is revealing an ever growing Uranium resource touted to be a significant uranium discovery because of its size and its metal content.
In terms of grade, it is the best “greenfields” discovery since CRA Exploration discovered Kintyre in 1985.
In terms of size, Four Mile is currently ranked number 11 amongst uranium deposits in Australia based on the initial resource outlined at Four Mile West last year of 15,000 tonnes of contained uranium oxide. However, Alliance sees the project as having potential for at least 50,000 tonnes of uranium oxide. If we can convert that potential mineralisation - defined by variable-spaced drilling – into resources, then it would move Four Mile to number 4 behind Olympic Dam, Jabiluka and Yeelirrie.
A Concept Evaluation Study, provided by Heathgate affiliate Quasar, outlined a staged mining development potentially increasing up to a projected long-term production capacity of 4.5 M pounds U3O8 per annum and with U3O8 production proposed to commence in 2010, at an initial capacity of 1.5M pounds per annum.
The Arkaroola Uranium Project has the potential to become one of Australia’s major uranium producers, particularly after confirmation of the Exploration Target Range for the East Deposit to an aggregate total of at least 60 million pounds of U3O8.
The AGS flagship asset is the 25% equity we hold in the Four Mile Uranium Project in South Australia.
Imho An Area of Beverley 4 Mile (containing the current resources) will be defined and agreed upon by AGS and Heathgate. It will then become the subject of discussion for a buyout of the remaining 25% share owned by AGS.
Patrick Mutz, who was the Managing Director of Operations at Heathgate Resources Pty Ltd in South Australia, being inducted onto the AGS board as Managing Director is no coincidence. imho, he is there to do the in house silent negotiations wrt Heathgate taking over the remaining 25% of this discovery. Alliance’s current CEO Steve Johnston will remain with Alliance as General Manager of the Company’s 100% owned projects as well as providing a supporting role to Mr Mutz in relation to the development of the Four Mile Uranium Project. The Alliance Board is appreciative of the valuable contribution Steve has made in building up Alliance over the past 5 years and for his support of the appointment of Mr Mutz.
For Heathgate it will be a cleaner more efficient operation not having to consult with a 25% partner.
Any comments or views on this scenario will be most welcome.
GL all holders and potential holders dyor as I hold AGS.