Moly Mines Limited T.MOL

His assets siezed!

[narmac]

So if guilty is the flavor of the day where do we go from here? Will these assets be sold off?? Is Hanlong/ MOL included in the assests seized? Will our Chairman Chen make a statement to the MOL shareholders upon a verdict? Is the Hanlong investment in MOL considered money laundering?? What options are available for MOL? Is it that MOL has only one option and that is to be sold off by the Chinese government? And, has this issue been the underlying reason no merger/aquisitioin has been performed by MOL since Liu Han was incarcerated?
Any thoughts out there from other shareholders?

[OnDaBall]

I don't know Chinese law, but isn't a corporation separate from its management. His personal shares can and probably would be sold off, if he has any in his name, but the corporation Hanlong is a going concern and should continue to operate. JMHO

[G1945V]

narmac : MOL is incorporated in Australia and IMO goes by their rules of incorporation. As such MOL will continue to operate with no interference from CHINA, notwithstanding seizure of Lie Han's assets by China I suppose. If they go up for sale its best if MOL buys them back or they will go on a fire sale which will totally dilute the stock, if theyy are seized

[narmac]

Well,,G1945,, I worked for a Canadian company for a few years a while back which was a susidiary of a large US company. Due to a hand shake in a bar by executives with no paper work to confirm anything the Canadian operation was liquidated! That was initiated by a judge in a Texas court room!  Now in regards to MOL,,,,It has been reported by Scott Murdoch in several reports from Bejing that

[G1945V]

The difference here is the MOL is a public traded company not a private company. As we don't know the corporate structure of Hanlong we cannot assume there will be seizure of the 207M shares. But i guess at some point all this will come out. If Hanlong goes into bankruptcy the trustee will take over to dispose the assets. If so, its best that MOL buys them as a lot unit say for 5 cents a share

[narmac]

G1945,,,,,,,,,,,,,,,,,,,,I don't think MOL would be able to buy those shares for 5 cents,.,,,,,, I assume the liquidators who represent the banks etc,,would want to recoup as much as possible for those shares. So a third party could pay over book value and still get a bargain if the asset class fits their business. I don't think you will see any fire sale on these 207m shares to MOL or to

[G1945V]

narmac: We  will see how this will unfold very soon. ..eh..?? G1945V

[narmac]

I hope we do,,,,,,dragging us shareholders through the mud each and every day gets tiresome!!  It does not sound good for Liu Han based on what one reads out of the China news system. That soap opera is anticipated to be over in a few weeks. Liu Hans' sentence will be made public by then. ,,,,,,,,,,,,,,and you know,,,,,,,,,,when I look at the 3 year MOL chart I scratch my head each time,,

[G1945V]

narmac: We're dammed if we do and dammed if we don't., no matter what.. This thing went up 1.5 cents in the last couple of days even with the news about Liu Han. Maybe that what the stock needed to hear. G1945V.