I don;t think it's over red rover for UML, s2096914, because UML don;t have any debt- lucky for that! They can just sack workers, I guess, in times like these. The stope failure was probably never going to have UML get off scott-free- such mine failures affected OZL and GRR going forward post-announcement, and this has affected UML, too. It's a set-back, but this one is not going broke. It can just muddle along with Henty if need be, and not get into debt for Dargues until POG improves if they like- Dargues is still an asset, even if undeveloped.
Interesting timing for UML to release this info- just when the 3B shares come on board. I wonder if the ASX will send them an "aware" letter.
UML Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held