This stock will get smashed when KZL walk, i cant see them raising the offer, there are no other offers on the table and nobody was knocked down by the rush of other bidders that some posters were predicting.
If this baby were as valuable as some would have you believe then it would have got other bids.
The fact is, it is not viable on its own, The banks will not lend for this project and i doubt if CSE holder would like a raising at 5c as this is what would have to happen if KZL walk and they want to keep drilling and paying the directors, who i might add have very little skin in the game considering they reckon it is so undervalued, why have they not been loading up while it is bargain basement.
The reason is they don't think it is over valued and have no confidence in it getting off the ground.
Kim Robinson believes in his company and has many millions invested in it as should any director of a company that they believe has potential or is so violently under valued.
I personally don't think it is worth any more than 15c to KZL but i doubt they will even pay that.
if any large holder wants to get out they will have to accept the offer or they risk driving the share price down to low levels trying to exit.
I think CSE is doomed to a low price if they don't get taken by KZL, it is written in the buy sell ratios, this stock has only risen due to speculator, some of whom at 15c have already been burned.
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