mergers & aquisitions, page-24

Hoots,
CDU took no time to dig up $35,000,000 worth of copper without digging into the ultra rich native copper zone. So imho once they get into that zone we will be generating serious money that could, say post a special AGM be used to buy out one of the larger holders ie M & G with them achieving a very handsome profit as an inducement. So roughly 150% profit approx $280,000,000 might be enough to put those shares into CDU's friendly hands.
If the $900,000,000 projected native copper income / year WM mentioned in China and was repeated in the Brisbane paper is correct it will only take around 4 months to get that cash in hand.
I bet if there was a real risk of share holders being cut right out via potential take overs there would not be many voting against initially spending profits to help fire proof their shares first.

I am sure WM having been ripped big time once, will have plans in place to ensure he does not score a sucker punch to the face a second time….imho