Settlement/purchase options, page-312

Great Questions, will be interesting to see if Quasar have any answers.

Quasar/Heathgate have refused to sell ACE/AGS’s Uranium after numerous request & the reason given so far are laughable, imo should be a great week for AGS.


Bit of background for any newbies.

http://www.allianceresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1233-96871531/Prospectus

“Alliance announced that the first shipment of product from the Four Mile Project occurred in September. The product was shipped to Cameco Corporations' facility at Blind River, Ontario, Canada, where it will undergo further processing. In early October 2014, Quasar advised ACE that 510,000 lbs of UOC were shipped in September 2014. ACE estimates the value of its share of this shipment of UOC at A$5.7 million.”

“ Quasar has advised ACE that no sales of UOC have occurred. On 27 October 2014 ACE directed Quasar to sell its share of the product (127,500 lbs) shipped to Canada. This direction was confirmed on two further occasions but Quasar refused to comply with it and, as a result, on 12 November ACE terminated Quasar's appointment as sales and marketing agent and issued proceedings in the Supreme Court of South Australia seeking a declaration that the termination is valid and orders for delivery up of ACE's share of product from Four Mile. ACE has sought an expedited hearing”.

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Newbies please be aware imo some of our fellow posters behaviour does sometimes become very mischievous, attempting to paint a picture of doom and gloom, if you read back far enough you will see the boys that had aspirations of buying in around the 4 cents mark, all imo of course.