AGS 0.00% 17.5¢ alliance resources limited

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  1. 3gb
    963 Posts.
    "Heres my take on matters H/Q knew what was in the ground and then applied for an extension".


    What did they know was in the ground?, uranium? 10mlb, 30mlb, 70mlb? I would guess their data indicated a high probability of a significant find. Subsequent drilling after the extension confirmed this.

    "At the last agm the Lawyer representing AGS virtually said the same ie. either 100% or status quo will be the outcome."

    This makes no sense to me but if true I would pick status quo ahead of 100%

    " In one of my conversations with AGS's Management I put it to them what would be, if the Court handed down a decision and the J/V stayed as is (25%)?

    At the time the reply, briefly was, It wont be the end of it"

    I would interpret that as they wouldnt tolerate remaining in a 25% JV with Heathgate.
 
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