re: Ann: Supplementary Target's Response ... Agreed Seals, really nothing new in this announcement but I believe the company is obliged to issue a formal response.
I wonder though if MAK are becoming concerned that the acceptance level is not higher, it is getting rather late in the day.
I also wonder if/when we will see a substantial holder notice from UCL now that they have actually sent out their acceptance form to BON shareholders.
If UCL end up with more than 19m BON shares then MAK will not be able to get to 90% and everybody who has accepted the MAK offer will be stuck back at 1:10 rather than 1:9.
I am just about resigned to accepting the MAK offer but a substantial holder announcement by UCL by the end of this week could change my mind.
BON
bonaparte diamond mines nl
