With about 500m shares after the small parcel buyouts, and with $40m in the kitty, the cash backing per share is about 8cents. If the SP hovers around just over 8c, Henty (mine, plant and tenements), Kangaroo Flat (mothballed mine and plant, and the tenements), and the GoldStone investment, all come free, so some upward movement is logical. Could be more than one possible suitor having a look at UML while the SP is so low. Bought a small parcel to keep in the game, even though I said I was never going to get involved with UML again. Let's hope the sniff of action in the air turns into something positive.
With about 500m shares after the small parcel buyouts, and with...
Add to My Watchlist
What is My Watchlist?