There was an announcement about the timetable for the consolidation: http://www.universalresources.com.au/reports/20100205CombinedSchemeandConsolidationTimetable.pdf
There is a code URLDA for the consolidated (10:1) shares, under deferred settlement trading from the 8th Feb (mentioned on 5/2/10 ASX announcement) but I saw no trades under this yet. I think you get your consolidated URL shares back around 19th, and normal trading on the consolidated shares not until 22 Feb.
At the same time the URL shares for the Vulcan takeover are being issued, so market cap goes up, and more people trading. Depending on peoples reactions to the take over there may be a temporary drop in the new URL price as holders exit positions, but I think it will go back up when it finds support as the new company is a far more attractive prospect to new prospective holders.
All from info on the URL and ASX sites!
Cheers
8 February 2010 Trading commences in the reorganised securities on a deferred settlement basis. ASX Code : URLDA ordinary shares 12 February 2010 Last day for the Company to register transfers on a pre-reorganisation basis. 15 February 2010 First day for the Company to register securities on a post reorganisation basis. 19 February 2010 Despatch date. Deferred settlement trading ends. 22 February 2010 Trading commences in the reorganised securities on a normal basis (T+3).
URL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held