maybe the gem of the year, page-8

pretty simple: accumulate.

it doesn't take much peer comparison to work out what the market cap is going to be once this deal advances a bit.

for sure the company will need to do a cap raise or two along the way, so anyone wanting a big stake (or big rights exposure) needs to work slowly and discreetly now while the company is quiet.

when you do the maths, there's not a whole lot of loose shares floating around. i expect after this accumulation phase, there's going to be a whole lot less again.