redback upgrades resource...again!, page-3

Hello acturtle,

Resolute will take out Redback soon and Lion Selection (LSG) will have a large say in the process. It holds (through African Lion) quite a big stake in RBK (near 20% from memory) and it owns a stake in RSG as well - all in all consolitation is set to occur amongst Aussie mining companies in Africa.

Add to this GGN (Gallary Gold) which is 45% owned by LSG and 15% owned by Resolute (RSG) - it is already 'taken-over'. And lets not forget SPX (similar story - LSG and RSG majority holders - SPX will do what these two guys decide)

The best way to benefit from the coming cosolidation is to own LSG. It is the party that links all these companies and will gain the most from a combined company which emerges. Such a company would boast reserves of 5M ounces+ !! and quite a bit of exploration potential.
(LSG benefits as it will have the biggest stake in this new company).

I hold LSG