Welcome to the family Pyth !!!!
Can only be a good thing from Moly's perspective. Both MOL and SDL are now linked by a common (major) shareholder who has strong ties to Chinese financiers and industry.
Hanlong has long stated publicly that it intends to use Moly Mines as its Australian investment vehicle to acquire Australian mining companies to the tune of around $5 Billion - looks like Sundance is its first acquisition ... with more sure to come!!!
We are about to obtain $500M in Chinese funding to start a massive new Molybdenum project and it will tie in nicely when SDL starts producing iron ore approx 12 mths after our project commences.
Lookn forward to the 2 companies working closely together in the future.
Welcome to the family Pyth !!!!Can only be a good thing from...
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