UML 0.00% 3.3¢ unity mining limited

It would certainly be helpful to clarify their intentions going...

  1. 245 Posts.
    It would certainly be helpful to clarify their intentions going forward. They don't seem to be in a position anymore to offer much support to Unity, and tbh I wouldn't be suprised if they sold out. Perhaps the recent UML presentations in Singapore might be related?

    Liongold have flagged an intention to sell marketable securities which do not form part of their core operations. Could they pivot and define UML as non-core now they don't have the financial clout to consider a takeover bid? They seem to have a preference for assets that provide a profit/revenue stream.

    A suspicious mind might also wonder if the shareprice was being depressed as part of a strategy to aquire liongolds shares a cheaply as possible.

    It's possible Liongold may have alternative funding to the $200mil deal that went belly up, but with rumors of investigations doing the rounds its doubtful.

    Best outcome for UML imho would be for Liongold to sell it's entire stake at a decent price to a cashed up fund. Possibly even a fund that could offer a loan to finance Dargues.
 
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