I have absolute no idea why MAK has done what it has over the last 2 trading days but I do know 1 thing I am so glad they revised their offer for BON (even though not as much as I liked). If you are a L/T investor like me you really shouldn't be too worried about the current prices of RP/Opex/Capex because fundamentally nothing has changed for MAK and I do believe these costings will improve in due coarse. The best thing I like about MAK is:
1. State Govt backing for Port/Rail Development,with Federal GOVT backing. Like I said on the MAK thread this is not only big for MAK but also for the NT and hence their support and backing.
2. Massive high grade RP resource in Australia which rivals anything in the world.
3. A potentially very good JV with UCL on our Sandpiper/MEOB play (as long as UCL can sort out their own backyard)
BON
bonaparte diamond mines nl
surprise surprise increased offer, page-33
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