director hogan buys today, page-15

ACB,

"In early 2009, BHP Billiton held confidential discussions with UMC about a possible corporate transaction and completed a technical due diligence review of the Railway deposit. The parties were unable to reach agreement on a corporate transaction value at that time."

"obviously some people knew, so they're happy enough to take a lowball offer"

It couldn't have been too confidential as "obviously some people knew" enough to go and increase their holding by 600,000 UMC shares ïn early 2009"

Guess who they are best mates with also?
Lesson to be learnt here.
If you see wolf....run, run as fast as you can, before you turn into the pineapple man.