No, i doubt its for the same reason. Mobcat spoke to the chairman yesterday, and he reported that it wasnt to do with BYR. KAL have a couple of other things on the burner, assay results and restructure so i would expect them to be reporting about one of those. If KAL went into TH and BYR didnt for the same issue, then the ASX would have some serious questions for them. After their pursuit of NIA and FMG last week, i doubt BYR would be that sloppy.
This probably means that unless BYR announce pre open on Monday regarding the deal, KAL will need to go into suspension until BYR announce. That might mean a double announcement by KAL.
I think the deal is only somewhat factored into the sp. Many traders like to see the positive announcement before taking the plunge, fair enough, so a good announcement will prove positive imo. The best indication i have for this is the accumulation that took place on Thursday afternoon, in late trade. It hit a low of 25c before some serious buyers came in, with large single orders pushing the price up to a high of 29c. Thats usually a very good sign.
But, we shall see either Monday or Tuesday if they, (and us), are correct here.