Ann: UCL:1.Takeover bid for Minemakers 2.Converti, page-53

re: Ann: UCL:1.Takeover bid for Minemakers 2.... g'day seals, no need to be sympathetic as imo the offer is doomed to fail. even if they raise it it will still fail because ucl won't offer enough to get a decent % of mak. the best option for merging the two companies was to move ucl into mak, that has failed. unless ucl teams up with nmdc and offers 45cent/share plus then it may happen. this is not what i hope for or would like, it's just what i recon. i don't know any holders(not on hotcopper) that would accept an offer under a $1, i will probably sell on market in coming months as i have had enough of both ucl and mak. most mak holder view it as a long term investment same as ucl holders view ucl, both companies have had massive shareprice falls, most script has been put in the bottom draw and holders will not be enticed to accept takeover offers easily.

imo, the best and only easy way to get one company running the sandpiper project is for mak to move it's 42.5% of the project into ucl in exchange for ucl script that would be issued to mak shareholders and not kept by mak. completely fair and achievable etc.