joint venture 30%, page-14

I'm presuming that the relentless selling down of agu in the past 2 weeks is the result of the 23 million off-market shares becoming listed. Could someone please confirm whether these shares were originally granted in payment for exploration tenements to the Scook group?

If so, the buying group on PDY were, imho, aware that these shares would be coming on market, and therefore refrained from buying up AGU in co-ordination with PDY - so that the Scook group would not be able to get good value for their parcel. When these 23 million are cleaned out, we may see the buying group then climb on board AGU.

It could also be true that, if AGU are going to buy more of Amitan or other company-owned tenements, then the recipients would like to keep the price down - so that they could get more shares for their tenements. That is, the value for the tenements would be determined by the average-traded share price; the lower the share price: the more shares required to be issued.