In other words it is increasingly looking like the cap raising is being designed to fail, so that SH simply don't take up their entitlements and the 3 amegos go over 50% between them, then run it however they want.
To me that would obviously be putting in a lot more exploration for copper with any profits, instead of dividends. COW obvioiusly win in the long run with their discount on purchasing all the copper, but how do the other 2 win?
One would have to wonder if they had some type of agreement about being bought out at some stage in the future from COW when the price is right for them.
CDU Price at posting:
$1.11 Sentiment: Sell Disclosure: Not Held