I tend to have a similar view nobull because I have no real interest in MAK's projects. My BON shares would go from 45% of Sandpiper/Meob to 16% (or was it 12%?) which is unappealing when I'm not persuaded of what is being offered to give up the other 29%. Still if MAK can establish their DSO they should have at least a few years of profitable activity at Wonarah/Arruwurra to reward those who do take up the offer.
I'll either sell on market or take up UCL offer, or a combination of both.
BON Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held