Re clive's question on equal opportunity, generally UCL has given small shareholders the same opportunity as large so hopefully that will continue. Remember though that with juniors the opportunity the big guys get often translates to better opportunity for small guys on market.
As a side discussion i wonder what MAK will end up paying for shares they get out of this offer? Lets say around 5% secured for say 4 million shares. Using just a share price of 22 cents and ignoring dilution issuing 13 for 10 is 28.6 cents per share. However let's not forget costs disclosed at $1.5 million = 37.5 cents per share over 4 million.
So for that number of shares they'll be paying around 66 cents. Ooooops.
UCL Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
