re: Ann: CYL: Option Agreement to Acquire Uni...
Disappointing cash component in the deal (peanuts for a $65m plant), but I guess Bendigo has been a bit of a millstone round UML's neck, and they are probably glad to unload it.
With the focus now virtually 100% on Henty and surrounds, let's hope that they can get into some high grade zones, and maybe also prove up some decent base metal deposits to supplement the gold income. Henty has produced some very good grades in the past, and hopefully will do so again in the near future.
UML Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
