check out gln latest announcement, page-2

quick look at the deal,

to aquire 70%, will cost a spend of 15mill plus issue of 230 mill shares and some options

Prev close 6mill mc at .1 = 60 mill shares current, dillute to 290 mill shares, with spend require of 15mill

so at 10c, diluted MC = 29 mill plus spend required of 15mill.

equivalent to a MC of 44 mill with spend requirements in place, ie that they raise the 15 mill at current sp.

again just a quick comparison,,,

res mc 51 mill,

fse mc 22 mill

not sure what the these two need to dillute to yet to get the job done.

but would seem a reasonable buy, just wander why the market has dragged on FSE and RES, and interesting to see if the forward dillution will be considered.

cheers