mak joins the last breath brigade, page-8

Given the Q report todate, Presume Mak board is 24/7 occupied with Wonarah joint venture partners to have a substantial announcement made before august 12, its there only escape to stay out of hands of UCL, convinced AD and new CEO! Given their share and/ or option arrangements have no single interest at these levels, nor UCL can make any offer of interest for them.
Moreover, apart from financals, their attemp was to sit in the driverseat, not on the sidelines.
If they succeed in any kind of serious MOU with one of the partners, the SP is gone and virtually impossible for UCL to follow.
In other words, it might be time for UCL to substantially change their offer, i think its mission impossible at current conditions.
Problem for UCL is if they increase their offer, they have more dilution and their SP will sink below Mak anyhow.

Wondering where the 3rd dog is to take both out of business and take control, its only $100 million or so and you get something in return!!