WHO WOKE THE DRAGON

WHO WOKE THE DRAGON China is a sleeping dragon. Let it sleep. If it wakes, it will shake the world.Napoleon Bonaparte It has been said God doesn’t speak to mankind because mankind doesn’t listen. Be that asit may, it is certainly true that England didn’t listen to Napoleon’s warning regardingChina. Contrary to Napoleon’s advice, England [...]

Bonaparte tells shareholders to reject Union Resources offer

ASX-listed marine phosphate hopeful Bonaparte on Friday advised shareholders to reject the takeover bid announced by joint-venture (JV) partner Union Resources. Union Resources had offered nine shares for every one Bonaparte share, and although the offer was found to be fair and reasonable, Bonaparte said that its major shareholder, Minemakers, was unlikely to accept the [...]

Union Resources bids for Bonaparte

Marine phosphate mining hopeful Bonaparte Diamonds Mines received a second takeover bid this week, when joint-venture (JV) partner Union Resources made an unconditional scrip offer. Union, which is Bonaparte’s equal JV partner in the Sandpiper/Meob phosphate project offshore Namibia, offered nine Union shares for one Bonaparte share. In March, exploration company Minemakers lodged a conditional [...]

Bonaparte says Minemakers offer reasonable

The independent directors of ASX-listed Bonaparte on Tuesday advised its shareholders to accept the proposed takeover offer by exploration company Minemakers. Bonaparte said in a statement on Tuesday that the offer has been deemed fair and reasonable, and that an independent expert had valued one Minemaker share at a greater value than ten Bonaparte shares. [...]

Bonaparte establishes task team to study Minemakers’ offer

The board of ASX-listed diamond-miner Bonaparte has set up a takeover response committee, which would comprising independent directors, to study the unsolicited take over offer from exploration company Minemakers. Last week, Minemakers made a conditional scrip offer for all the shares in Bonaparte, on the basis of one Minemakers share for every ten Bonaparte shares. [...]