One and all, how the market punishes non performance and this company has exemplified that statement for near 3 years. The question is where to from here. The recent announcement showed the pendulum appears to be swinging from a board that rubber stamped over exuberant marketing releases tagged as company announcements to a company that is attempting to regain investor confidence by applying a level of discipline and focus. Not seeing enough to buy though compared to peers that are moving towards achieving significant strategic milestones, moved all into BLR and looking at ACB or UNX as a potential second for the upswing that will come. Both have coal and uranium. Moved a small position out of PEN allowing the money to follow the person who was responsible for PEN's momentum. With no new information or results expected at UNX for 2 months any global jitters could well see UNX in mid 8's to 9's and they would be worth a risk at that price imo. Anyone interested in providing any factual information on the achievments of any person now in a role of responsibility at UNX? Things will turn and cash postion alone has UNX on the radar if they can actually deliver a result whilst managing finances. My concern is still the board, not a lot upstairs there as all have seen.
GLTA - PH
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