Hi bomba - my understanding is the Chinese were in a JV but pulled out, they paid for the drilling and therefore own the results.
They probably want all there money back + more and RMG don't want to hand anything back. They probably paid a non refundable deposit eg: $500K and want that back plus more in exchange for the drilling results.
I'm not 100% sure but that is my gut feeling.
If it ends up in the Court room - it will take 2 years.
Lets hope this doesn't happen.
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