Look at it this way. In SVM's shoes, they would want to do...

Look at it this way. In SVM's shoes, they would want to do everything in their power with all the information that is available to them at that particular moment in time, to ensure that their first binding bid is the last bid needed to secure the deal. No company would want to make a binding offer that was destined to be bettered by another party. Having to make another offer is a blow to sentiment, not to mention that it adds administrative costs.

So far, since the details of the non-binding offer came to light, CLA have done nothing but go from strength to strength mainly on the progress of MCB, but also had a "sweetener" added with the issuance of the gold exploration tenement nearby. All this can only add to the case for an improved binding offer over the non-binding one.