I think LG want to take control of all of UML.
Same MO as Castlemaine - they pay cash for up to 20% via the market (when the target is cheapest - in this case sub 10 cents) - then take the balance out with their paper.
If LG take out UML they will control both the Ballarat and Bendigo Goldfields (and other assets)! Maybe a major Victorian Goldfield revival is the plan here!
Could be a fantastic leg-up for any juniors in victoria who are developing resources nearby!
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initial shareholder notice, page-16
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