After having a look at MIN's recent announcements, I noticed...

After having a look at MIN's recent announcements, I noticed they proposed to issue 588,000 shares on 14 April as consideration for:

"Acquisition of mining tenements in close proximity to the Mount Marion mine for operational flexibility and efficiency."

I am unsure who they are purchasing these tenements from, but 588,000 MIN shares is ~$47m.

Decent sized acquisition and seems to suggest that MIN is interested in consolidating the area around Mt Marion.

With this strange unannounced acquisition above, a stake in GL1 and their new stake in ESS, they are certainly setting themselves up to do so.

I'm expecting an offer soon.