I think Magna is a pecfect vehicle for Forsys to capitalise on their investment on Ancash.
If they can settle out of court and merge Ancash with Magna whereby Forsys would become a major sharehold, I reckon they can get the share price above the 10c mark. And with 300-400 m Magna oppies out there, they can easily raise $30-$40 million to develop the resource. Money for jam I reckon.
See the link below to check out the background of our current enemy.
http://findarticles.com/p/articles/mi_pwwi/is_200703/ai_n18754246
Just my thought
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magna to take over ancash
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.65M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.7¢ | $14 | 524 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 258530 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 57020 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 258530 | 0.027 |
4 | 1111670 | 0.026 |
3 | 2870000 | 0.025 |
2 | 630000 | 0.024 |
1 | 200000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 57020 | 1 |
0.029 | 350000 | 3 |
0.030 | 167165 | 2 |
0.031 | 293698 | 2 |
0.032 | 47898 | 1 |
Last trade - 13.13pm 22/07/2024 (20 minute delay) ? |
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MAN (ASX) Chart |