I think MUFG action here is totally separate. This is just what...

I think MUFG action here is totally separate.
This is just what they do- pariahs.

They move around sectors and stocks in turn or so it seems. The prey into weakness & periods low activity can be - but usually helps others get large footholds into a company while occurring.

Sumitomo actions, and sale of any Chinese interests in Australia- separate totally.
I am watching for if sale ? Chinese owned Merlin , west of Cloncurry. Same or similar chemistry, high molybdenum with copper + gold credits ore body ( to Kalman).
The resource is larger, more significant.. than Kalman, nearby, .. where Sumitomo are in JV.

Plus there is significant exploration with high prospectivity along strike from NorthParkes and near to Alkanes Tomlington, in the greater Cadia area. (Newmont also entered JV with very junior early company- Newmont taking over Newcrest )

Cloncurry- we could see another major act- as highly promising exploration results anticipated to occur locations in the greater Carnaby discovery / Hammer and Cooper & others country.
Sometimes A1M cited as with avail processing but molybdenum work require specific processing & own processing plant to be built - aka for if say Merlin, ? Kalman etc.

I think might be molybdenum also extracted at Northparkes or potentially can be. Cadia has added extra circuit or system to extract the highly valuable molybdenum.
Sumitomo might already have mine operations and gaining the molybdenum at their copper mining operations Northparkes. Is it with Chinese company ?
We can have zero idea what anything means- all I think is that Sumitomo are looking , and already had many years and long relationships at their operations and near also to Cloncurry.

But they’re not the only Major still looking.
They all want to find big copper porphyries (not so difficult, surely ? Only what every company and explorer been searching for forever in highly prospective areas near infrastructure and smelting & transport setup , with processing maybe worthwhile )

A1M is it’s own story but holds good land longterm and Jericho makes Eloise longerterm.
But majors if they do increase presence & activities and be keen to expand- who knows. This also what AIC hoped to do.