Continuous disclosure is important to have the share price reflect the potential M&A combinations.
The fact that no formal offer is provided is a concern.
But if the entities are listed they will need to show themselves in their respective quarterlies and or AGM questions/disclosures.
If there is a formal offer with a reasonable scheme of arrangement, creates a buzz, spikes 65 day avg vol .... fails. If EU CRMA strategic application is successful and forces the share price then EPM will could end up in the URA.
If there is a formal offer with a reasonable scheme of arrangement, creates a buzz, spikes 65 day avg vol .... succeeds, but leaves some uranium tenements. EU CRMA strategic application is successful and forces the share price.Then EPM will could end up in the URA.
... and a stack of not so good scenarios.
I am optimistic of a bidding war; that could push through back forth until URA includes EPM off the back of trading activity and good news form EU.
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