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 $1.30 … as most shareholders close to this Board will hang tight
MinRes can’t go above 19.9% without a formal bid … unless they want to wait 6 months and then do the 3% creep.
In 6 months time WildCat will probably have defined their maiden resource at Leia and some additional RC rigs should be drilling a nice big bold pattern across Bolt Cutter.
based on Azure … you would think there is going to be plenty of investor interest following that type of exploration
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No. | Vol. | Price($) |
---|---|---|
1 | 19705 | 31.5¢ |
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32.0¢ | 78278 | 3 |
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2 | 26750 | 0.305 |
7 | 263833 | 0.300 |
4 | 172000 | 0.295 |
5 | 155199 | 0.290 |
Price($) | Vol. | No. |
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0.320 | 23278 | 2 |
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