The way i see it as that MAK originally thought to purchase BON to get a foot in the door with the off shore namibian project and then once their share price had improved with wonarah coming into production, snapping up UCL at a bargain price because not much work would have been done on the namibian tenements and thus less dilution as UCL could be picked up when MAK's share price was +$1.50.
Probably way off the mark but just a thought.
the way i see it...
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