Yep certainly is frustrating for small holders i.e if you are...

Yep certainly is frustrating for small holders i.e if you are not OCP. This is also what makes it easier for them to accumulate over time - small holders look at other opportunities and sell into OCP’s bid.
Also when the price runs it will be harder for investors to get a decent position because there are less shares available on the market.

I don’t see another large player (10-15%) coming in to create a blocking stake - if you are a mining company interested in the project you would need OCP to accept the takeover. If they are not on board there is no chance the takeover will be successful.

OCP don’t want to take this to development. It’s not what they do. They just want to maximise their returns on this investment when its put up for sale.
If no discussions on a merger/takeover with management prior to FS I see it is highly likely management will get an investment bank to have a sales process (tender etc) for the company/project.

This is a 12-18 month month play but a high chance it will be multiples imo - along the way there should be more news on exploration & the feasability study. The fact is there are very few cobalt sulfide projects with high grade copper. AML is pretty unique that they potentially have up to 20-30k strike length and got a 15 year project minelife from just 3.6km. Not sure of any Copper/Cobalt project outside the DRC that has that potential.
Copper prices are starting to head to around $7k and cobalt prices should turn the corner by the 2H.