Moly (ASX:MOL) must be laughing. Although now suspended because they couldn't use their vast amount of cash, they get either of the following:
"... $2 million in cash or $2.67 million in shares, at Unity’s election, by 30 June 2014." ____
If UML pays them cash, they get most of the new placement money of LionGold- that is if LG stumps up. Or MOL gets almost 20% of UML, or more if UML continues at this rate. UML holders could probably do better if MOL took the company over with scrip if they funded, partially or in whole, Dargues.
UML Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held