Thanks zmans. Appreciate your feedback and efforts too.
As a UCL holder I agree that the aces sit with BON now - not in a competitive sense though as it seems to be a positive relationship which is great. The JV terms initially favoured them anyway per PpYy's previous analysis. However circumstances have tilted that balance further with BON having cash to spend.
I think UCL will find a way to meet their commitments, they have to really, but it will be expensive for shareholders and BON is looking a good cheap buy now. I really like the potential in Namibia so as the UCL cap raising story plays out I'll be strongly weighing up buying into BON to ensure interest in the project.
BON
bonaparte diamond mines nl
