I think MAK may just look to use BCD as a vehicle to place all their non phosphate assets in and then take a significant stake in the company. Given the performance of tin of late, MAK really are not being rewarded for their exposure to this.
Maybe this is a way in which they think they can extract value for shareholders.
Could also be of major benefit for BCD shareholders in that you may now be holding a company with potentially a far more diversified asset base.
WIll be interesting to see how this all pans out.
BCD Price at posting:
$1.35 Sentiment: None Disclosure: Not Held
