UCL ucl resources limited
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Lundin, 19.9% major shareholder were to be taken over by Hudbay...

  1. seals
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    25/02/09
    00:11
    Post #: 4834956
    Lundin, 19.9% major shareholder were to be taken over by Hudbay in a move approved by Lundin shareholders but vociferously opposed by Hudbay shareholders. Hudbay has announced that they will be pulling out of the deal while maintaining a 19.9% stake in Lundin.

    http://www.reuters.com/article/marketsNews/idAFN2344585620090224?rpc=44

    Implication for UCL is that they are pretty unlikely to see much financial support coming through from Lundin this year.
    UCL Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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