MRX, have about $15 million in cash, are currently have new drilling programs underway again, IGO watching with interest and holding 19.6%,wouldnt surprise me if they made a takeover for the whole of MRX.
Society de Generale purchases substantial holding of 42 million shares on 24.12.04.
last 3 days trading has seen small rises, off a low in mrx
so looks a reasonable chance of entry.imo
