re: Ann: UCL: Namibian Phosphate Project - Re... If MAK had not made the bid BON would've traded 2-3c on the day of the announcement that diamond production was being put on hold.
Maybe they would've recovered somewhat afterwards but 8-10c is ridiculous, the current equivalent around 5.5c would've looked even better after BON were left to wallow for a month.
BON holders say the MAK bid is opportune, I think MAK jumped the gun.
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Ann: UCL: Namibian Phosphate Project - Resource U, page-18
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