if this has been an existing substantial shareholder buying up over the last 2 days, they'll now be up over the 20% mark, and obliged to disclose their TO intentions - they could make a TO offer - even with a very substantial premium to recent VWAP - that would still represent a ridiculously low MC. Directors would find it difficult to recommend against if it was say a 50-100% premium on VWAP. A bargain of a copper resource for some shrewd player. Maybe ?
URL Price at posting:
18.0¢ Sentiment: ST Buy Disclosure: Held