UMC united minerals corporation nl

chart analysis and price targets, page-9

  1. 3,849 Posts.
    With management openly conducting roadshows if there was a seller you'd assume it could have easily placed a big line during the roadshow particularly since the Co has indicated it wont raise or gift a placement to insto's (which is of course the first thing they ask during a pressie - ie we want x number shares @ x price)

    Not convinced this isn't simply a case of someone wanting stock unable to get it off market in a line because of the relative cashed up attitude of the Co. who is simply seeking it elsewhere.

    Wouldn't be surprised if we see a NEW sig shareholder entering the top 20 rather than some leaving if only because the vol's that have churned thru over the last 7 days would easily allow someone to accumulate a decent stake.
    Finally there is no little doubt railway is what they say it is ie something like 100mt HG. A jorc will bring much more interest but in a coal/IO hot market some of the bigger players wont wait.

    DYOR

 
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Currently unlisted public company.

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