I now know for a fact that URL board will be rejecting CUOs...

I now know for a fact that URL board will be rejecting CUOs pathetic current offer outright.

Not that it would take a brain surgeon to realise that anyway.

Whether that results in CUOs bid being unsuccessful have to wait and see, but little article in AFR today makes no ambiguity that they think cuo offer will fail. AFR article below.

At current price, cuo will need to offer at least 8 shares (and een more to get my url).

Cheers

Cdchi1

Also capitalising on the enthusiasm for copper is CopperCo, which has launched a surprise raid on fellow Queensland copper explorer Universal Resources.

The all-scrip offer is certain to be rejected by Universal despite the fact that it has a premium based on the pre-bid price of 12 ? a share.

CopperCo is offering six of its shares for one Universal, but Universal managing director Peter Ingram says the offer undervalues the target.

CopperCo has acquired 11.7 per cent of Universal, probably by buying a 9 per cent stake from Norm Seckold's Bolnisi Gold group, which took shares in exchange for a stake in the Roseby copper project in Queensland.