Ann: Further Revised Transaction-UML.AX, page-16

In the 74 mil shares in buy must be some serious punters. Comsec has a good section to see who has what percentage and Brahman have 18.2 % and haven't bought since mid March. NTA is 4 cents. With a gold price rise since June 2015, what has caused the decline in value to 3.3 cents. This maybe is why there are punters buying at 3.2 cents. An upside but no downside unless there is a no vote and negotiations end with DML and the price plumets to 2 cents as before.