Auditor (Deloitte) opinion not good (but expected), and is reflected in price.
Key for UML (IMO) is going to be getting as much out of Henty as effectively as possible while reducing staff and op costs, so that Henty is not put on "care and maintenance" in 2015 but kept operating at a more appropriate cost level.
Dargues is the upside if finance can be obtained on reasonable terms (it is dragging).
DYOR
Ann: Financial Statements for the year ended 30 June 2014, page-2
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