LG have only announced this new raising on...

LG have only announced this new raising on 2/5:

http://liongoldcorp.listedcompany.com/newsroom/20140502_220919_A78_HU40RDP6B19WDM3I.1.pdf

Problem with the last announcement of raising with some of the investors, it appears. So a new one now.

The use of funds is set out here- S8- including investments into equities, so that could (and probably will) include UML:

http://liongoldcorp.listedcompany.com/newsroom/20140331_213003_A78_FC8TQTNZQJ2QDD2C.1.pdf
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The thing is, if LG wants UML, they pay a bit of cash for a few shares, but would pay very little now for the rest of the shares. Their patheticsness could be in their favour.