this is serious lets hope, page-44

"The analyst said another train line owned by potential suitor Fortescue Metals Group Ltd was further away.

He said the wording UMC used in its statement to the stock exchange implied a full takeover was not likely, and that a company was merely seeking to take a controlling stake.

UMC's major shareholder Thundelarra Exploration Ltd, which owns 12.99 per cent of the company, on Friday said it was not seeking control of the company."



so they want to get a controlling stake on a fragmented register and they haven't even spoken to the largest shareholder? lol

that doesn't add up