I don’t believe in those theories

Luxor is an Hedge Fund they have been losing a lot of money on Crocodile Gold. Now their Strategy is simple:

-Make a low offer, if shareholders agree… they have the business. With Cosmo going in production, they will probably sale the company 5 time what they have paid for.

-At the same time, they’re trying to move SP up and see if there is another buyer interested to bid higher. 0.56 might be their breaking point.

In both case they will make money

IMO There’s no way that the company will recommend the takeover. Warrant + Recent Shares issued at 1.05 …8 months ago.

If this company is taken over it will be at 1.05 or higher believe me.