My take is that B4M is gargantuan (seems agreement on that). But I'm moving away from the idea that earlier mediation might have moved the parties towards a compromise - but rather the view we are seeing in every announcement: continuing stalemate.
With the 2 parties still mired in disagreement it appears that Q/HG want to put heavy financial pressure on AGS's limited cash funds during the lead up to sales while AGS would like to squeeze the Beverley Mine dry of uranium by opposing (unsuccessfully) Q's start up plan in favour of a stand alone plant better suited to our (now shared) gargantuan resource.
As vesp says .. "the serious end of business". .. with we shareholders stuck in the middle hoping against hope that the future doesn't include further placements, dilution and consolidation ..
A 50:50 share with Itochu in our wings seems fair and reasonable .. why would either side be greedy and risk losing more ?
serious end of the business, page-36
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