10% is what is called a Blocking Stake for Takeover.A holder must agree/vote their 10% for any takeover to proceed. Now this Major that is being 'courted' will probably put Bulk Buck$$ In for a Major Holding thus raising the Shares on Issue. However IF Wash Soul wishes to regain it's 10%[after the Major dilutes]then it will have to Buy on Market. Won't get away with getting them from a Director and unlikely to get a nother Placement entire.[The major on the Board Seat would veto any such move]
So Wash Soul could become an on market Buyer.It has the Money,don't you worry 'bout dat!!
IF this copper and especially the Molydendium[whatever] is proved up AND Low Cost Production kicks off? If IF!! then $4 is not beyond the realms in say a 2/5 year frame. Cudeo,legit maybe AQR?
AQR Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held