After a bit of digging seem the deal originated in Brisbane but the money behind them didn't want to be on ASX. They wanted AIM where the real money for gold is Don't need to beg is Australia to the brokers. In London AIM are streets ahead when gold plays are involved. So seems the promoters have organized some money with Pom is Hong Kong with either an IPO or back door in UK. No Chinese money involved I hear. Seems they wanted the Gilded Rose and probably why the structure was set up in HK immediately to facilitate getting hold of the tenement. Apparently fair bit of bidding on it from several parties. They obviously needed a holding company, so probably explains why no razzamatazz like websites etc and brand new company registered. I think the $100k was so they had control of the property while they organized this. DYOI.
AMG Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held