re: Ann: UCL: Takover Bid - Letter to Shareho... I can't talk for NMDC, but would think that Sandpiper is:
a) too far way for NMDC (look at a map), shipping can be a factor in bulk commodities
b) MAK doesn't own Sandpiper, so can't negotiate to sell it.
c) I suspect NDMC is looking for a complete product and Wonarah is a better development prospect for DAP, for NMDC and also the rest of the Asian market.
d) Even adding just MAK's share of Sandpiper adds a level of complexity. NDMC would end up with a share of a share which equals no control what so ever over development, would create even more difficulties with funding (this is one of the main reasons MAK is trying to consolidate Sandpiper ownership.
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