BON bonaparte diamond mines nl

mak offer doesn't recognise benefit of 75%, page-18

  1. 31,884 Posts.
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    Seals,

    Some things are more important than money but you'll only consider MAK on the lucrative revision of their offer? Sounds like its about money to me.

    MAK are after complete ownership of BONs assets, be fully understanding of that. This 75% and delisting plan is just the first step. What comes next? A restructure maybe, further diluting your holdings until they enforce the 90%. Thats the reality. Small shareholders are now insignificant, you have no say.

    As for bullying, thats your interpretation. Most who take out the emotion call it business. It is only the minority, mainly UCL affiliated ones that are not happy with the takeover attempt. Most see the immense benefits, and even if they dont, they havent let the emotion of investing get in the way. Stocks are not something you fall in love with and take to bed at night (well I tried but it didnt work for me).

    I think MAK will get very close to 90% from here. They've made their intentions clear that they are not raising the bid any further so any remaining shareholders who might have been hoping for another increased offer will most likely convert, unles of course they have some sort of statement to make and dont value or can afford to let go of their own hard-earned dollar.
 
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