legal action

It would seem it may be time for Ags shareholders to knuckle down for a longer term and more funding to take Heathgate before a judge. There is no sign of an agreement in price between Gandel and H and H will not allow Ags to complete their obligations to the market that may allow Ags to attract an outside buyer. H must be in breach of good faith provisions and also in breach of their duty to spend on exploration and definition. Time for Ags to spell all the options out to the market - what are the relevant terms in the jv agreement - what does Ags consider to be fair value and spell out the path to court. Ags is being screwed. Ian Gandel said at the Agm that it was not good business practice to use a dominant position to squeeze a business partner because the worm had a bad habit of turning - perhaps its time to show we aren't without defence.