Ann: Alternative $6.8M Sale & JV Offer on Halls C, page-2

re: Ann: BNR: Alternative $6.8M Sale & JV Off... Well hasn't that thrown a spanner in the works. After accumulating a large shareholding in BNR, built a land position surrounding BNR, removed the former board and attempted to take control of the asset cheaply through a sale and JV transaction, it looks like MAT has met some formidable and well credentialed opposition. The bar has now been raised to $6.8m which values BNR's project at $8.5m on a 100% equity basis (or 6.6 cents per share) while MATs share price (and possibly cash position) continues to head south. IMO, they should have heeded the advice provided in my recent post #10004992 and made a scrip takeover offer rather than pursing this convoluted and expensive strategy.