Dowjones30,
I think you will find that MAK's management have bought into BCD not only as a opportune investment significantly below the prevailing market price, and an enty into Gold, but significantly, as the vehicle to compile all non-core / non-phosphate assets, to unlock value, as currently, they are not factored into MAK's existing share price.
Adding a listed controlled entity importantly saves major costs associated with arranging IPO's etc if they were to do this without BCD as a "shell" essentially.
They can re-arrange the structure to try and maximise value where it currently is not reflected by the market.
I'm just hoping long suffering MAK shareholders don't have to buy into this new vehicle when they do adjust everything, and a in-specie would be the perfect way to achieive this.
Dean - if you are reading :)
Thants my take on how it will unfold....
Add to My Watchlist
What is My Watchlist?
