It would be nice to have a bigger premium- to have any chance of...

It would be nice to have a bigger premium- to have any chance of success a very big premium will need to be offered.

If AZS comes out with more 60 to 100m extensional intersections at TA1 (Tony had stated as such) and extends AP10/11 area significantly and they also come out with great intersections at TA3 (if @JedClampert is right then they may be over 100m) over a relatively wide area the SP is likely to rocket up without any takeover bids.

So consider this - takeover bids usually take months to progress even if it’s a knock out offer - so it is almost certain we will see more great announcements in the next few weeks/months during the any takeover offer period before the offer period ends.

Such a scenario seems entirely plausible which would mean the offer needs to be at a very big premium and the bidder may have to increase the price.