UML
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0.00% 3.3¢ unity mining limited

performance bonds

  1. LOOKCAREFULLY
    59 Posts.
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    17/04/14
    19:30
    Post #: 13265043
    the UML quarterly report states that there is 7.9 million dollars in the bank; plus 11.2 million dollars in cash backed performance bonds.

    Can anyone kindly explain what is/are the 11.2 million dollars in cash backed performance bonds? Is this real money that belongs to UML with no strings attached? or what is it?

    Thanks in anticipation of an easy to understand answer
    UML Price at posting: 2.1¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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