"Accordingly, the Board has decided to disclose that, as part of the terms of settlement, Alliance Craton Explorer Pty Ltd agreed to contribute a one off amount of $1,610,990.75 towards costs incurred in the proceeding by Quasar and a one-off amount of $2,946,000.00 towards costs incurred by Heathgate"
FarmerOscar, knowing what we now know, and in light of the events that transpired and how tight cash became, do you believe the board's statement "the settlement did not have a material impact on the financial position of the Company" was a correct assessment of the situation?
Let me make it absolutely clear I am NOT suggesting the Board mislead the ASX, but merely asking was their assessment of the situation accurate?
AGS Price at posting:
3.9¢ Sentiment: Hold Disclosure: Not Held
