Mr Councilgritter this is positive news for AGM AND Bluestone Tin. Bluestone makes a good profit on the AGM shares, and on hire of the Renison Plant at reasonable commercial rates. There is a chance of patching up of relations between the two companies, for which everyone benefits.
Not only that, it illustrates that Jinchuan has considerable influence over the company. Given time, that may pay off in the replacement of Directors/Senior Management and there could be a complete turnaround in the company.
The result could be a strong mining sector at Zeehan on the West Coast of Tasmania. At the moment AGM has to do it alone but there are huge benefits if a whole industry is booming.....
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