broker and media reports , page-79

"When's the announcement - When's the announcement?"

I say: "WHO CARES!"

Think about it - you're more interested in when 'payday' is coming than the ability of this company to become a major producer of iron ore alongside BHP and RIO.

When you dump your shares on 'the announcement' you'll be selling to the large accumulators who have driven volumes to 5 month highs.

Do you really think volumes are skyrocketing because of "The Announcement" regarding 2 or 3 drill holes that is to come?

If you are so announcement focussed why not wait til the JORC is released around July - and assess the company position from there? What I can promise you is that there won't be any bulldust about a Billion Tonne resource and an untested beneficiation process with incomplete/missing data (like BRM). UMC want to be taken seriously by BHP and RIO - and we know UMC have had some assistance from them. So no - this is not another BRM or TRH or IRM or FD...(sorry can't mention that last one).



Joel