".....APAC has been a shareholder in Metals X since 2007 and said yesterday it had been a “long-term supporter of the company”. But it is believed their relationship has been strained since Northern Star Resources trumped Metals X’s offer to secure the Central Tanami Gold project from Tanami Gold last year. APAC is closely related to 32 per cent Tanami holder Allied Properties Resources.
Metals X had accused Tanami of reneging on a binding agreement to sell the project. Northern Star has taken control of Central but legal action over the failed agreement is ongoing.
APAC chief executive Andrew Ferguson quit the Metals X board on March 23 without public disclosure of a reason......"
TAM Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
