the market is speaking

I think that the SP is now over 10% above the offer price says something about the quality of the KZL move.

I doubt very much that long term holders are interested in KZL moving to 15,20 or even 40 cents. If you look at the registry entries, there are:

a) 3 long term (private) holders that represent 6% of issued capital
b) 4 Institutions that hold 13.88% either for their own account or on behalf of others
c) 1 (Tom) internal shareholder that holds 1.5%

As I said earlier, why would you sell an asset for 11 cents that the party was snooping around when the price was 40+. China's demand has not changed and won't for a couple of decades. The US will keep printing money and therefore inflating hard assets, we are already back to where we were in 2007 for many commodity prices

Assuming Tom's drill program turns up results as expected then this move by KZL only increases the chance of a JV, probably a Chinese player.