IMO no T/O offer will be made until MZN is shut down. Even then,...

IMO no T/O offer will be made until MZN is shut down.

Even then, KDR has an an option to exercise with Poseidon:

"Kidman has until August 31 to exercise an option to lease the mothballed Lake Johnston nickel concentrator owned by Poseidon Nickel,"

http://mobile.abc.net.au/news/2017-...y-for-control-of-rich-lithium-find-wa/8198200

http://poseidon-nickel.com.au/wp-content/uploads/2016/11/POS-Kidman-Option-Deed-ASX-FINAL.pdf

Plus farmin with WSA:

http://kidmanresources.com.au/live/...pand-WA-lithium-project-with-farm-in-deal.pdf

Too much in the works and KDR would be foolish to accept a T/O offer prematurely, esp an offer in the vicinity of $1.80.

Merger with WSA would be nice

Personal opinion, pure speculation, DYOR etc