bonvalue0.20-0.28, page-19

zmans, thats like saying why does Packer or Murdoch keep investing in other interests if their empires are so great.

There are obvious synergies between MAK and BON. The majority of directors are the same. It's not a coincidence that both companies now have their primary interest in phosphate. Wind back 18 months and phosphate was not the primary interest for either company. It's a logical move and hardly surprising considering the tie ups the two companies already had.

The only thing that can derail MAK from here is the phosphate spot price. Let's face it if MAK were worried about the own resource why would they go off and buy another company producing the same resource?

Reading too much into this, its a logical move.