Twynam and Marwarid mining are the cornerstone investors in UCL. Twynam rejected the MAK bid for UCL. Marwarid Mining becoming an additional cornerstone investor during the MAK bid for UCL may have helped UCL see off MAK. The holding company for Marwarid Mining, MB Holdings, has (from memory) profits of $200m a year. Kahlbetzer, the main shareholder of Tywnam has wealth reputedly in excess of $500m. So no, I am not a mad loony hoping for MAK to suddenly having its coffers full of cash from a sale of Sandpiper. Without funding for Wonarah BFS, MAK might not have such a great outlook, so I hope MAK gets the cash. I just want to remain undiluted in Mehdiabad from not buying Wonarah and the part of Sandpiper UCL doesn't own.
http://www.mawaridmining.com/
trading halt, page-28
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Mkt cap ! $9.396M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $37.30K | 9.294M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 7037099 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1677255 | 4 |
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