the ace up their sleeve

Whilst most of us are focused on the ground held by Core in the Northern territory and in particular the Jervois and Yerelina ground I think holders might do well to have a read of the AGS announcement this morning of Quasar's bid for the share of the Four Mile uranium mine .Quasar(General Atomic) are offering $71.3m for the share of Four Mile Uranium Mine held by AGS.Have a look at the collage below to get an idea of this deal 's relevance to CXO as CXO hold most of the ground immediately adjacent to the Four Mile mine.
IMO it makes a mockery of the current $4M market cap of CXO.Imagine this ,AGS could take the cash offered to them and negotiate with CXO for their ground,they could even afford to pay double CXO's market cap and still have $63M left over in the kitty. I am glad that management have held onto this valuable asset. There is a chance in my opinion that Quasar could emerge with a bid for CXO's ground as well.