Ann: MT Survey Completed at Burra- Drilling Target Identified, page-22

Someone did an awesome deep dive into the history of the Chinese Moly Mines but I can't seem to find it now, I was in QMN when they scooped that up. Looks like a similar attempt here with AMG.

Just did a search , I remember now that the CEO of China Moly Mines was sentenced to death by the party in China for corruption.

http://www.mining.com/former-chinese-mining-mogul-sentenced-to-death-36798/

https://www.reuters.com/article/us-...ycoons-australian-faces-idUSKBN0E307L20140523

Extract here:

In March 2014, Chinese authorities reportedly seized $14.5 billion dollars worth of assets from the Han's family members and associates. In addition, more than 300 of his relatives and former colleagues were also reportedly questioned.

Han’s company, a diversified firm with interests ranging from tourism to minerals and assets of more than $3.2 billion, pursued a number of international mining deals.
A few of them have already fizzled, including the $5 billion Mbalam iron ore project straddling Cameroon and Congo-Brazzaville in Central Africa with Australia's Sundance Resources (ASX:SDL), a deal to develop an iron ore and copper-molybdenum mine with Moly Mines (ASX:MOL) in the Pilbara and another molybdenum project with US-based General Moly (NYSE:GMO), of which it owned 25%.


Looks like someone wasn't paying the right person to look the other way or someone crossed swords with someone more powerful in the party.

Whatever the case it looks like the Chinese government took over all the assets so extremely unclear on why they are selling out of AMG.