My 2c theory - Assuming MZN knows they have a binding claim on Mt Holland in April. In May KDR confirms lithium potential, 2nd of June "Spectacular Lithium Assays". By mid-late July KDR is on the map at over 30c. Therefore MZN management and BOD are aware they are on to something with their claim on that lithium.
How can the board then still have a resolution up on the 29th of July to allow the Directors to participate in the Share Purchase Plan. That = insider trading. If they struck a deal over email in April, there is no reasonable way they weren't aware they were in a binding deal until November. I.e. if they struck a deal, there would be some form of communication around senior management/board about the acquisition and spending over 100k to acquire rights. It wouldn't make sense that a junior would be able to agree a deal like that in regards to internal limits of authority.
KDR Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
