This is my view too. Over on ST NTL thread this was posted
"Just found this news from a Chinese economic site 24/11/2015
http://www.eeo.com.cn/2015/1124/281312.shtml
Good if you can understand Chinese, basically it said Amer has bought 4 mining company from 4 different countries, Australia, New Zealand, US and Canada,
The one from US is "GMO", and the other three unname, they are all listed companies from their country with priced only 1/30, /50 and 1/100 from their peak.
"General Moly, Inc. (the 'Company' or “General Moly”) (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced it has closed its sale of the first tranche of equity to AMER International Group (“AMER”), for $4 million. The transaction included the issuance of 13,333,333 shares of General Moly common stock at $0.30 per share, representing a 10.5% fully diluted interest (12% of outstanding interest). - See more at: http://www.noodls.com/view/E13BFC4C2....DsMZszps.dpuf"
I am currently trying to find the money to take up my full rights.
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