less than 1%

That's how much uptake MAK have reported in their quarterly for the takeover offer as of April 27th:

"For a variety of factors, as at 27 April 2012, Minemakers has achieved a less than 1% take-up on its Offer. It remains confident of the logic for the combination of the ownership of Sandpiper, as it will ultimately assist to secure funding for the Project."

Drop it AD! You are completely undermining the confidence you are trying to portray in the next section:

"Minemakers continues to work harmoniously with UCL at the NMP Joint Venture level. It stresses that progress at the Sandpiper project at an operational level is not being impacted by the bid."