smart thing for GNL to do is bed down the ELL merger ( clarke...

smart thing for GNL to do is bed down the ELL merger ( clarke river has begun driling) if both C River and Mt bevan turn up good results the shareprice will rise ( dont forget the erayina drilling that their senior JV partner ABM are doing at the moment results will come in over the next 2 months) so despite all the fun and games with the capital raisings there are some solid prospects. Now if it runs the smart thing would be early march is if the market cap is up around 70m launch another script offer for JMS its market cap is 35m - it has the other half of mt bevan if its one continous tentement they could absorb JMS as well. All 3 companies shareholders will realise that a exploration outfit worth 100m and after a share consolidation is well placed to raise funds, attract quick access to drilling rigs and get those prospective tentements drilled. In the theroetical sense with JMS-ELL-GNL between them having a massive spread of possibilty good tentements it makes sense.