more coverage on smh, page-2

Good stuff. :)

It also doesn't mention that one of the "reasons" Lynas gives for selling Crown is that it would take about $1 billion to develop it.

Yet Forge, a shelf company, has virtually no assets, about $3 million in the bank, and virtually no permanent staff.

So if the might of Lynas would find Crown too expensive to develop, how the heck is a little squirt of an upstart like Forge going to do it?

Something just doesn't add up - either Lynas is deliberately misleading its shareholders with the $1 billion estimate, or else Forge has some big - and I mean BIG - money ready to be tapped once the resource is delivered. For example - JP Morgan, Morgan Stanley, and/or HSBC. They also happen to be LYC's biggest shareholders and have the biggest number of votes at the upcoming EGM.

That is pure supposition on my part, but the whole deal smells to high heaven, and scenarios like that must be seen NOT to be the case.