Ann: Consolidation/Split - AGS, page-6

Hi guys - good to see you are still following AGS. We need reminders of the past. This time though, if AGS truly has the interests of all shareholders at heart, I believe we have a chance to learn and benefit from the follies of the past, and our last disasterous JV (which always favoured that global giant (GA)

But currently things do look positive. We own 51% of the Wilcherry project and quite a whack of TYX too (jumbuck). .. If the synergies in this JV prove to be better than our last JV - and we steer clear of all lawyers - I can foresee AGS owning 100% of Wilcherry down the track while TYX concentrates on jumbuck. ..

Just my, hopfully, not unrealistic hope. The nagging fear though is that we have another ORS in play. That would be horrific.