AGS 0.00% 17.5¢ alliance resources limited

project start up annc out, page-17

  1. 7,935 Posts.
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    This is what comes with AGS giving all their Manageemnt rights away in the initial J/V agreement,as has been posted about.

    Every decision going to a vote is decided by voting rights of

    Q/H 75%

    AGS 25%

    Unfortunately unless AGS can get a Court to rule in their favour re the return of the entire asset then its going to be very difficult going forward for the J/V Partner to be kept in check imo

    The 25% atm probably equates to 10-20% judging by the ethics of the J/V Partner's track record.In my opinion only.

    I suppose its, atm, be thankful for small mercies.!

    Good luck to us all.

    Md
 
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