I like the way GLN gaining a foothold into MAN. Initially being allocated 5% and acquiring more in the market place. All along i was inclined to think with its hugh cash box, MAN will be a sweet target for a predator of small to medium concern. I will go so far as to say it will be a takeover target at a low price. GLN can launch a take over by issuing shares against shares held at 10:1 and still be low but would likely to be acceptable to many existing shareholders of MAN. I am surprised SB1 is not accusing me if downramping this time.
Up till now, I am unaware of what the term organic means in the current context of MAN acquiring tenements for nothing. I have known of our exploration companies acquiring tenements at very low price in America. Todate i haven't heard of any successful stories to date.
As for America having 5 gigantic factories in the future, I will give it a miss. We have heard that one in Europe more than 5 years ago when I invested in FFX. I am still waiting to see the first lithium factory in Europe. Despite all this, GLN is in lithium, they would have a better idea of what is going on than I.
MAN Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
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