I think Magna is a pecfect vehicle for Forsys to capitalise on their investment on Ancash.
If they can settle out of court and merge Ancash with Magna whereby Forsys would become a major sharehold, I reckon they can get the share price above the 10c mark. And with 300-400 m Magna oppies out there, they can easily raise $30-$40 million to develop the resource. Money for jam I reckon.
See the link below to check out the background of our current enemy.
http://findarticles.com/p/articles/mi_pwwi/is_200703/ai_n18754246
Just my thought
- Forums
- ASX - By Stock
- MAN
- magna to take over ancash
magna to take over ancash
Featured News
Add MAN (ASX) to my watchlist
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online