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UML unity mining limited

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albatrosss

22,866 Posts.

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19/02/16

15:49

Post #: 17067035
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Originally posted by emanon069 ↑

Downloaded 10MB of junk.
Boils down to 1 key aspect - Dargues Reef Valuation. Given former management and Board are the most hated people in that part of the world. No chance UML could easily develop that asset. It always needed a new owner once the "C" word Cyanide was introduced. If a publicly listed mining company does not jump in with a counter bid within the next 10 days its game over. Glad I am out. Hedge funds will continue to buy and dictate outcome - retail shareholders should either bail now or take the offer and save brokerage. Even if the share price was to double or triple it would not recoup all of many peoples capital on this dog !

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why are they still buying at 2.9c?
another 11.8mil today?
what is the rationale there?

UML Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Scheme Booklet, page-2

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