walking into a dead end, page-19

" No doubt withdrew funding due to a conflict of interests.
GL all holders."


Not at all wllmtrish. Rather, the govt of the PRC probably offered them some lucrative deals instead

http://www2.goldmansachs.com/worldwide/china/index.html


" China is changing fast in many ways. Goldman Sachs is working with the Chinese government on regulation issues, helping to lay the groundwork for the opportunities of today as well as tomorrow. Goldman Sachs is looking for talented people who seek rewarding careers full of potential."

http://www2.goldmansachs.com/careers/our-firm/locations/china/overview.html

Enough said !



Yet there's more

In 1977 – Molycorp was acquired by Union Oil Company of California (UNOCAL) in August.

Just a few years back, say 2007, the PRC made a tilt at buying Unocal, whereby the US govt quickly rejected the deal on strategic grounds. The market, all the while thinking Unocal's oil and drilling assets were the PRC target.

Well some thought not, indeed, they were of the view the real target was Molycorp and it's rare earths.

Since that particular China deal was rejected, Unocal have sold out of Molycorp.



Oh what tangled webs the PRC weaves


We Australians are naive mugs - Right !