11,000,000 shares sold today and most at 2.9 cents. Seems someone expects to reap a profit from that. Interesting to see what the Singaporians are up to. Will they vote no to kill the deal and then play hard ball for a good price for their parcel of shares? Perhaps they want a takeover and see UML sp as cheap with gold today at AUD $1740. Since the 2.9 cent deal was floated most gold miners sp have risen by up to 50%. I expect the buying to accelerate soon if gold price keeps rising and the expectation is that the shareholders vote no.
Add to My Watchlist
What is My Watchlist?