You are right CL, this is the AGU thread but in reality there is...

You are right CL, this is the AGU thread but in reality there is very little difference. AGU operate out of the Rivervale HQ even if they have a different registered address and some of the AGU Directors are large GPN holders by virtue of free shares issued to them when they were in with Scook. Look at the latest Quarterlies for all 3 companies and they mention the 'rationalisation of tenements. They are all about to hand back leases that haven't yet been adequately explored, leases that shareholders were severely diluted for because of their great prospectivity in the dodgy deals that some of the current Directors were part of.

Mojo, if Scook's mates get in you may as well sell your AGU shares as there are deals waiting to be vended in. If the new iron ore j/v with GPN gets knocked on the head then GPN will surely force AGU to continue wasting money on the old j/v.

AGU has nothing of known value other than their cash. And now they are looking to relinquish some of their leases it will be doubly hard for the board to recommend buying the rest of Amitan as that is also just another Scook deal. Some of the AGU Directors will be trying to get it through as they hold Amitan shares.