Perth miner, Tony Sage has had a victory in his brawl with the ASX that had successfully obstructed two agreements with Romanian industrialist, Frank Timis.

In April, the Australian Securities Exchange took the strange move of trying to rewind deals, which would present Mr. Timis main shareholdings and board seats in two of Mr. Sage's local mining corporations.

The original judgment, linking to transactions with Mr. Sage's International Petroleum and Global Iron, has been petitioned twice.

But the firms said yesterday that the ASX appeals tribunal had upended the verdict by the ASX to discontinue the agreements.

Mr. Sage said that the decision was an uncommon triumph for common sense.

He said, "If you read the 26-page judgment, the tribunal conceded that the ASX did make a lot of errors of judgment".

ASX Spokesman, Matthew Gibbs said that the exchange was assessing the appeal tribunal's ruling.

Mr. Gibbs said that in wake of the tribunal's verdict to put the ASX's ruling to one side, the ASX will now have to make a new resolution. However, they cannot conjecture what that decision will be or how long it may take.

Notably, the tribunal does not overrule the ASX's verdict or say what the ruling would be.