BON bonaparte diamond mines nl

Seals,The UCL bid is probably worth less than 4c. About to go to...

  1. 31,884 Posts.
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    Seals,

    The UCL bid is probably worth less than 4c. About to go to .5c and after all the shares issued (if it in fact happens - get out clauses galore) it'll drop further from there. MAKs rights issue is valued more than that.

    Accepting the UCL offer would be the last of 3 options you would choose, surely. MAK is the best offer, followed by selling your BON shares outright. UCLs bid was a joke. Clear and plain as day now.

    Kudos to nobull for bringing up the 75% comment, its exactly what MAK were after, and now they have it. UCL would be lucky to have 2% of BON. Was an intriguing battle but we have checkmate now.
 
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