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Minemakers tilt for UCL falls short

THE tussle for control of the Sandpiper marine phosphate project in Namibia now rests on the outcome of a counter-bid by UCL Resources for Minemakers, with the latter prevented from sweetening its offer for six months after its original tilt closed on Tuesday.

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Minemakers tilt for UCL falls short

For its troubles, Minemakers secured only a further 2.65% stake in UCL. In a substantial shareholder notice lodged yesterday, Minemakers had acquired a little more than four million UCL shares through...

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