Remember Maldon, Union Hill; our major ownership of ORS? .....

Remember Maldon, Union Hill; our major ownership of ORS? .. Today AYC added another footnote to AGS's infamous asset disappearing trick:

With just dollars in the bank (cash report) AYC's qtly activity report gave this highlight:

""Mr Ian Gandel welcomed as significant Shareholder
During the Quarter Mr Ian Gandel was welcomed as a significant Shareholder in the Company after lodging an initial notice of interests of substantial holder (refer ASX announcement 24 February 2016) for approximately 24% of the Company’s shares. Mr Gandel was previously a significant shareholder in Octagonal, the former owner of the Maldon Mill and Union Hill Mine site, and is a very highly regarded and experienced investor in the mining industry.""

Anyone think AGS might buy AYC ?? Or is it another pre-planned privatisation ?