Guys just got off the phone with MW after a lenghty chat. I must say he is one of the most approachable MD's I have ever spoken too.
Firstly I told him on behalf of myself that as a shareholder I was very dissapointed on the T/O offer, however, I did say to him that in the long term it made economical sense that the 2 parties merge.
1. Basically this offer came about in the last few days and it was a great surprise to him as well, I think I sensed a bit of frustration on his behalf.
2.The current economic climate had a major reason for this play by MAK and hence the offer.
3. An independent Director will assess the offer and MW will also submit his recomendation on this offer and us holders will be able to assess once research and recommendations are completed.
4.Sandpiper is still going full steam ahead and MW does not expect this hiccup to halt their progress. Sampling is on track for completion as per timelines.
5.Diamonds were put on temporary halt purely as a way to preserve capital as prices have dropped severley and BON did not want to giveaway current stock at ridiculous prices.
Sorry guys for the mumbo jumbo but thats what I could remember and will add more as it comes to mind.
BON
bonaparte diamond mines nl
Guys just got off the phone with MW after a lenghty chat. I must...
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