did the directors expect a t/o offer, page-2

Who knows. The reasons on face value is biased towards a spread of holdings and seeing RBS allocated suggest they may be pushing it to their client. This sounds like bigger clients than retail or else they could just bid on the market like everyone else. Not much liquidity for the bigger players to bite without pushing the price up significantly.

Very difficult to read Nystar seeing that they are taking over Farilon resources and would have been doing due diligence probably about the same time as the CR were in motion. ARAIK the big boys were not offered stock.

Why raise capital when that is not required yet? Plenty of reasons put forward by JD and equally more reasons to suspect that maybe the opportunity will not exist after DFS. All my thoughts aloud so just looking for some justifiable logic. Answer is confusion.

What I can see is the preparation work from yesterday's announcement on the confidence of the project. DFS will be the proof of confirmation. We all know that the zinc in the ground is HUGE and can get bigger if they continue to explore the rest of the tenement. The rest is noise.