GLN already own over 5% of MAN for only $1.7 million.
Anything over 20% ownership can become a target for hostile takeover.
At a guess I’d say any company would need at the very least $100 million operating cash (over time) to prove up a resource to a reasonable point.
All my own opinion of course.
@allatsea good to hear, that’s needed. I’m not saying MAN an do it but investors have to remain realistic, it’s no magic resource with unlimited cash. It takes time and good management.
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