I think its pretty obvious what is happening, and its basically as per UXC's last ann. UXC have been looking for a deal, they have agreed terms with a party - rumoured to be Archer Capital, to acquire the company outright. Archer and UXC have entered into a period of exclusive DD and at the end of this a deal will be confirmed, changed, dropped or otherwise. We should expect to hear the outcome within the next week or so.
I don't know what you would have expected to hear in the meantime? All should become clear soon, if a deal eventuates then those buying at todays prices should be happy, if no deal then I guess we are back on the block...
I still hold to the belief that the deal will yield substantial upside at these prices. My target is around 75 -80c which is a long way short of where it could have been before the Field Services business started to implode
Zinc
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