UUL ultima united limited

TH or anyone care to elaborate on the deal with Shandong. I get...

  1. 2,345 Posts.
    lightbulb Created with Sketch. 39
    TH or anyone care to elaborate on the deal with Shandong. I get that this is cheap and they have alot of cash in the bank, but aren't they giving them 50% of the rights to good prospective tenements for spending a measley $3 million, plus the right to earn 51% of future rights from raising funds.

    They have $4 million at bank already. Will this get FIRB approval, maybe I'm not across the detail very well or don't understand the reputation that Shandong has.

    Appreciate any future insights, still researching atm
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.