Unfortunately you have picked it correctly @razorline, our...

Unfortunately you have picked it correctly @razorline, our erstwhile friends from Zug now hold 34.2% of KAS and are in the position to take control with 50.5% in a week if they choose to convert their loan on 12th March, with no takeover premium required. Not quite as good a deal as PALA would have had if the AMR deal went through, but now they also have senior security over the  Atlas Tin asset so they are set to win either way. 
Thanks to David Willis and others for alerting us smaller shareholders to the PALA maneuvers, no thanks to the likes of Lion Selection who have either rolled over or are in kahoots with Vlad.