new all time low closing price of 7.5 cents! , page-7

asf..

I don't hold UML, however I do like managements decisions over the past 12 months, hence I would like to eventually buy in.
(However I hold a couple of other gold stocks for now).

Not sure if you have noticed... but the gold stock sector has taken an absolute beating the last 12 months.
I don't want to shout, so I will say it again, an absolute bastardly beating.

To be honest, UML is only really down %50 of where it has been sitting for months. If I had the, I could show you some seriously painful graphs of other gold stocks that are down, %50, %60, %70, %80, %90. All of them producers or in the ramp up stage.

At least UML has been smart enough to hold onto their cash. Imagine if they had actually paid $$ for CRC. IMO - a hell of a lot of small cap gold stocks should be merging with all script offers. Amalgamate their assets, build on the best one and survive. Instead they sit around... wasting valuable capital on individual ventures.

As for whether UML is a better company, of course that is in the eye of each investor.

For me, once they bring out all the savings they can make from the plant they have sitting idle, the lower costs that they have already shown can be made in cooling mining sector, they hopefully will have 2 mines producing with 5 years+ of life. That is a heck of a lot more than the multitude of small goldies that are now in dire straights because they have no access to funding, no way to get finance and a falling gold price.

I would be interested to hear what you think UML management should have done in the past 6 months (without the benefit of hindsight)?

Just to give an example, I hold GRY, an explorer, with $71 million in cash, 1 million ounce reserve, 3.9 million ounces resource, open pit, grade 2gt. Yes it is in Africa, but its Market cap just went down to $78 million (from google finance). I am hurting no doubt about it with GRY, however, my average is $0.50. There would be many sitting on much harsher losses than me. The SP only 6 months ago was at $0.96.... yep, that's loss of just under %80.

As for who is selling... well. as I said, gold stocks across the board are hurting, so the selling is everywhere. Low volume in many cases, but it is what it is.

Tough day on the market today, no doubt about it.

- before I stop this very long post.
I must ask, does anyone know why UML is holding so much physical gold? Perhaps they don't like current prices..?