1000000 trade at 1.105, page-24

Seeker,
It doesn't make sense for OXR to be buying. It would imply they are bidding against themselves.

Having had a few days to think about the broker idea, that does not make seem to make sense either. The risk for the broker is to be holding the shares and ZFX saying I am paying no more than $1.10, and no commission. Then the broker would have to go back on market and sell. With a parcel of that size, price would potentially drop. Could ZFX pick it up on market at a price less than $1:10 after the offer closes?

All your other comments make sense though.

Without full control ZFX/OXR cannot use their cash to fund mine expansion. That then implies debt or a rights issue. AGM could stay small for years and ZFX/OXR might just ride it out till minority holders get bored and sell.