spike coming here following its peers, page-6

This would have concerned a few sellers today, gleaned from today's report.
To keep the option open of ever owning Hansen BLR must hand over $1 million cash on July 28th plus $1 million worth of shares over the following 180 days. If BLR is to acquire Hansen on July 28th they need to come up with $3 million cash and issue a further $8.5 million in shares to both STB and NZ. NZ gets a further $2 million cash and $2 million in shares on or before commercial production.
Imo they would be better off acquiring Hansen outright, cheaper in the long run but would need Azarga to fund the cash portion or do a CR.