MinRes may now be waiting for this placement stock to be allotted and then pounce with a formal takeover bid.
It certainly doesn’t suit my book, but they may get lucky and pick up another 10/15% under $1.30 … as most shareholders close to this Board will hang tight
MinRes can’t go above 19.9% without a formal bid … unless they want to wait 6 months and then do the 3% creep.
In 6 months time WildCat will probably have defined their maiden resource at Leia and some additional RC rigs should be drilling a nice big bold pattern across Bolt Cutter.
based on Azure … you would think there is going to be plenty of investor interest following that type of exploration
WC8 Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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