BON was somewhere around the 4c mark when MAK first made the takeover offer. The offer is now worth 7c to them. Now I know the shareprice might drop back somewhat but surely this is enough to convince BON holders of what can happen with MAK. If the MAK offer falls through (which would be very unlikely from here), the alternative would be UCLs offer based on a share dilution of 1bill shares to approximately 2.5-3bill shares and/or the shareprice dropping back to the 4-5c mark.
This will surely now shore up the minds of those BON holders who were uncertain till now. Afterall you cant scoff at a 75% increase in share price.
You are on the money with your summation Makattack. Still buying BON now is a very cheap entry into MAK, nice little discount.
BON was somewhere around the 4c mark when MAK first made the...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $35.15M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.3¢ | $89.54K | 6.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4573586 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2064789 | 6 |
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