bullish report, page-8

can someone explain to me why THX selling UMC shares around $3 is ok. I'm a holder of both and as we all seem to agree that UMC should be going a lot higher than $3 why would anyone entertain the thought of selling at that level.If money was required for exploration urgently I could understand but THX are currently cashed up at about $10 mil but will have to spend approx $5 mil for their share of Copernicus.After Oct they should be receiving money from Copernicus mining. Have I missed something or am I just thick LOL. I would have thought holding for at least another 12 months they could Double that figure as more drilling is completed. Every $1 appreciation in UMC share price is worth $ 20 mil to THX.