Management are doing the right thing with our money. Spending the extra $ now on the deeper vents, gets the job done quicker and cheaper as the contractors are already there. It also might help get a rig down to drill and see how deep this deposit goes, as all we know is the grades are better deeper?? So $7.5 million spent now, but soon the capex will slow and the operation will be running at full speed with a copper price still higher than budgeted? Add the better grades and all's better now than 2 years ago when the sp was in the 30's. The Finnish are more reliable than anyone. So we earn 50 million, take out 25 million and we still make 25 million pa on Finland. The money is going towards Roseby to help make this a bigger more attractive deposit, something Universal shareholders have been dreaming of for a decade, never been closer to something? This has been their approach all along, with hopefully a partner which they're still looking at, so what's new? A share price reflective our an unstable world where inflation can go crazy thanks to printing paper notes that seems unstoppable. Altona are closer to what they have said they would do all along and yet the sp is a fraction of what it once was? I will buy more and continue to bring my buy price down. But reading about how crap management are, and how crap the company is, by people that don't even hold..... why? I suppose it is what some people are good at?
AOH Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
