UMC united minerals corporation nl

chart analysis and price targets, page-15

  1. 6,316 Posts.
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    Hi AP,

    Gee! I hope the "Bloodletting" stops.

    What i don't understand unless there is some Opes shares being offloaded why it is being sold down so heavily when we are in the middle of a Roadshow in Europe and not far away with the JORC for Railway. As well, they will be drilling Jumbo.

    This last week has been ridiculous. 2 lots were sold this morning on open. 128,951 & 80,000 shares. Not large by any stretch. However, its the continual selling thats pushing the price down. Earlier on i even saw 1 share on the buyers side. It got taken out and then the price dipped again.

    From a fundamental standpoint i will hold for the longterm as there is so much potential.

    I know it doesn't make sense for them to be C/R at this stage unless they plan on bringing something forward in the not to distant future. Could it be planning on raising funds for the Railway Spur or the Bauxite deal they have with Norsk Hydro??

    Just thought i would throw a few things into the ring.

    Cheers markco2


 
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