UML 0.00% 3.3¢ unity mining limited

Ann: Unity Market Update , page-2

  1. 1,035 Posts.
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    So high grade drill results were received last week but not released to the market.

    Not sure if it could be considered sensitive or not but wouldn't you think just out of common courtesy they could have told us last week - just to keep the small guys informed - its a matter of trust - if you can't give us this information in a timely manner then why will we give you power to issue shares at your own discretion.

    Issues re Darwin South - its not clear if this issues have been resolved or are actually ongoing. It matters as it will affect production in the next quarter onwards. So now a call to investor relations will be required to sort this out.

    Production affected - This wasn't quantified so we have no idea of how bad the quarter was - if you're going to make these kind of statements put some numbers around it by telling us just how much gold was produced, at what cost and how much cash is left in the bank. That way I know whether or not to panic, hold, etc. Yes I am a long term investor but only while I believe in the fundamentals of the company.

    Potential M&A - MD told us this back on the 7th Sept and started leaking this back in late June - its certainly taking a long time. Personally I'd prefer it if they keep their mouths shut until the announcement - I can't help get the feeling some institutions are selling down the stock in advance of a share dilution - thats just a guess of course but the bot action has been keeping a very tight range over the last two weeks since the shares spiked to 14 cents.

    Hopefully the shares won't tank too much and if they do not for long if they get their production back on track quickly without bleeding too much cash.
 
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Currently unlisted public company.

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