Still scratching my head as to what the real reason is for MIN...

Still scratching my head as to what the real reason is for MIN taking an interest in EGO. Yes, there's the whole "we are eco-friendly people" thing (see MIN's website - their Innovation Centre thing about clean energy), but it still doesn't really make sense. I think there is something else at stake that we just haven't figured out yet. A EP that means something more to them than EGO maybe?

In my futile attempts to figure all this out, I got to reading the history behind MIN's takeover of Polaris Metals. Looks like they got into a bit of a scrap, which meant their final price was slightly higher than they intended. Lesson to be learnt there was that they took too long and Lion-Asia Resources Pte Ltd tried to trump them (with a price that was still 100% higher than the original traded market price), and MIN then had to pay up. Perhaps someone who knows more about the story can offer a better recap for us. Bottom line - they have the cash, and I don't see them messing around this time.

Either way, I strongly doubt MIN is aiming simply to be a passenger on the SS-Titanic-EGO, with captain Ahab-Aitken and his crew's amazing ability to find every iceberg that ever existed. MIN are not an investment company, and don't have a history of "trading" small oilers. No. There must be a bigger picture we are not seeing.

Ideas?