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scrip offer for bonaparte diamond mines, page-100

  1. redcorduroy
    743 Posts.
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    05/03/09
    12:34
    Post #: 4869114
    I'm late to this but can't say I'm happy, if I'd wanted an African phosphate hopeful with almost no cash I would've bought one.

    By the time the takeover concludes BON's cash will be say half of what it is now? This is a bailout of BON paid for by dilution to MAK shareholders, hard to see it happening if there were no common directors.

    AEV Price at posting: 35.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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