scrip offer for bonaparte diamond mines, page-42

Looks like a good strategy to me .Short term weakness for long term gain ,unfortunately shareholders always prefer short term gains .The other thing to consider is that if they tie up other large resources like BON for a reasonable cost ,is that they can control the market better .If someone else takes BON ,there could be more competition for MAK and limit world phosphate prices .Bon holders are getting exposure a world class Australian phosphate project that is much more advanced ,so you cant expect they would be worth any more than MAK have offered with respect to their market caps .