The trade off will be the poison pill but there’s no reason why Luxor would increase the offer. I hear the storm coming.

IMO the best option for shareholders is that they get the control near 50%. That way it will ensure that the company could be traded easily on the market. Management before Chantal have made poor decision and I understand Luxor point of view.

Other option : New share offer and Special Dividend see Uranium One Armz deal

Crocodile may end up to offer about 200,000,000 share to luxor at $0.56 = $112,000,000 that gives control to Luxor (about 51%). Crocgold will have cash for expansion… then give a special Dividend of $0.20 per share to all other shareholders. (52 millions)