Agree - very impressive. Must remember though that it's still just provisional - contingent on (satisfactory ?) finalisation of litigation. .. I was struck by the fact that the deferred shares right deed (14.9%) applies to AGS OR ACE and the options (25.1%) to ACE .. suggesting, it seems to me, a spin off ..?
"As part of the alliance ITOCHU Corporation, through its wholly owned subsidiary NURA 3 Pty Ltd ("ITOCHU") will have the right to subscribe for an equity interest of 14.9% in Alliance or Alliance Craton Explorer Pty Ltd (“ACE”) (a wholly owned subsidiary of Alliance) and an option to acquire a further 25.1% in ACE ("Transaction")"
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- the last paragraph says it all...
the last paragraph says it all..., page-3
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