BON holders after the proposed tie-up, would get into the 12 mth 5 to 10-bagger potential of MAK, which MAK holders are in that stock for...
on its own, BON potential is increased by upcoming resource estimate, but will very soon subside, cos the resource estimate announcing 1billion tonnes won't mean much as they need to be able to extract the 3mpta in 2011... there might be an initial flurry in BON buying, but then the reality of BON's and UCL's (in particular) financial positions will temper any excitement... even for BON at 7 or 8c, and UCL at 1c - the dilution for further funds just for pre-feasibility studies will be very very large - and the market will get worse and people are really hanging onto their cash nowadays... so where are they going to get the money from ???
MAK is being held down - no doubt about it... the director buys... the large other holder dumping (or whoever it is/was) - or whatever that is... seems like it's all in order to keep MAK down to 40c mark while BON sits on 4c mark...
BON
bonaparte diamond mines nl
BON holders after the proposed tie-up, would get into the 12 mth...
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