10-Mar-2020:  AQD and South32 Extend Strategic Alliance Agreement

Disclosure:  I hold S32 shares, not AQD shares, but this agreement extension looks pretty good (a win-win) for both companies.  S32 leave the early stage exploration work up to AusQuest (AQD) and then get involved when things start looking interesting, while AQD do what they do best and share in the upside when they find something decent that S32 are willing to progress.  The administration fee component should help ensure that AQD don't run out of money while looking for these new growth projects for S32, and the new US$300,000 Bonus Generation Fee (in the event that at least two Exploration Opportunities are accepted by South32 in a calendar year) should help incentivise AusQuest to come up with the goods.  Not sure I want to buy AQD shares just yet (or possibly ever), but I'll be keeping an eye on them.