take over

Yes chchi1 Kim is extremely clever with how the announcement is worded in several areas

1. As you state the offer is not a 40 premium to SP but VWAP of past 90 days, so in fact a 16.67% premium

2. Kim states they have 17.2% beneficial ownership. Again correct but that is 16.7% from Tek who don't need a stake in a junior. If you look at what they have purchased on market, they have been able to pick up close to zip

The above shows that the shares are tightly held by long term investors and in large parcels. This looks like desperation, low ball offer and pray people accept

3. I didn't see too much mention of the Lead/ Zinc deposits and their potential worth in the announcements

Considering KZL were snooping in 2006 when SP was 40 cents, what you think they really think CSE is worth