Ann: Bid for MAK - Substantial Holder Notice from, page-8

re: Ann: Bid for MAK - Substantial Holder Not... Dewe, these statements of yours are the questions at stake really:
"Ucl t/o of mak will not be beneficial for mak holders."
"Sandpiper needs to be resolved otherwise"

How can we best get things moving? At Sandpiper we know that UCL presented options to MAK that did not include Wonarah which presumably would have left Wonarah to MAK to develop but MAK board rejected in favour of a hostile takeover. The result is a fractured corporate relationship and UCL being pushed into the reverse offer to try to protect their interests. We've all proposed different angles but it may be that we need something like this to get up.

I have little idea what UCL would do with Wonarah. They seem to view it as an asset with a good future but not in the near future. My guess would be the likely path would be to push Sandpiper to production which would generate cash flow to support Wonarah.