LW I think too date management have failed on all their objectives except for Marg,
(I think management could not argue this point) however do not disagree on management pedigree to get something done eventually. This ann does not sound like a resource acquisition as it clearly states a business one, unless they are looking at securing a resource project that is a near term producer.
Like DW has pointed out it will be interesting to see how they are going to pay for it and what impact this will have on our share registry. Magna have diluted the co to the hilt but given the MC is still low I suspect any promising ann will see us rerate. Agree on lithium, cobalt being the hot resources at present with Tech and gold also strong so it will be interesting to see what path we are heading in.
MNQ Price at posting:
1.3¢ Sentiment: None Disclosure: Held