surprise surprise increased offer, page-28

Actually no.

If they get their 90.1% I will have no choice. There is no reason to accept the MAK offer.
* <90.1% = offer for UCL
* >90.1% = Forced

Conclusion - UCL is the best leverage.

If I want MAK it will probably be cheaper later. (<40cps)
and/or
I can buy a small parel at 43cps to cover potential upside

The 43cps placement will not be scaled back. They need the money. I suspect that there are some unpleasant surprises yet to come. No use posting as it is only my conjecture and would be moderated.

An offtake agreement would obviously change everything. I put that at less than forty percent probability within the next three months.

Actually the only people disadvantaged with the MAK offer are long term MAK shareholders. Something to think about and I reason I will never be one.

Remember "MAK management has to eat"