The Board of Directors of Alliance Resources Limited (“Alliance”) has, reluctantly, resolved that its wholly owned subsidiary Alliance Craton Explorer Pty Ltd (“ACE”) should elect not to contribute to the Four Mile Uranium Project 2015 Program and Budget for the period 1 December 2014 to 31 December 2015 (2015 Program and Budget).
“This decision has been forced upon it due to Quasar Resources Pty Ltd's (“Quasar”) refusal to sell ACE's share of product from Four Mile (thereby depriving ACE of funds that it would have used to defray those expenses).”
Imo the decision for Judge Stanley is a no brainer
AGS Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
