What am I missing ?, page-22

RWD had Mackay for years.
They let it go to avoid holding costs.
The problem was NT.
CDNTS wanted $500k up front before they would start the ball rollling. Ruane told them to get f$&@ed. Note the issue wasn't with the natives as such.
Anyway the current AMN management team probably took a shine to SOP when they were at Blackswan equities (taken over by Euroz).
They did a cap raise for RWD and a report.
They clearly were in the know when RWD relinquished the tenements. RWD was given a stake in AMN initially in return for handing over data.
I don't think RWD relinquished the best asset!