Agree, except I dont think Wonarah/Arrawurra will be uneconomical at all (although yes there is risk). MAKs revenues will be used to then develop the BON assets. It's a great plan and provides BON shareholders with a great avenue for development without mass dilution. Even for UCL it might be the best option as they will now have a partner that will have the cashflow to forward the project again without mass dilution.
I notice UCL keep stating that they work well with the current BON management. So what is the real difference? They are working with the majority of the same directors anyway.
It's a foregone conclusion. The offer from UCL is no better than MAK as the shareprice has been falsely propped on very little volume over the last 6 days (I work out around maybe $150-$200K or $30K a day). Could have done that myself.
ucl 9 for 1 bid, page-27
Add AEV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $37.85M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $176.1K | 12.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 9364967 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1843880 | 5 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| AEV (ASX) Chart |