UCL ucl resources limited
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an underwater mak part 1, page-18

  1. dacata
    7,973 Posts.
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    25/06/08
    19:40
    Post #: 3909022
    Vayman,

    Who did you speak to at BON? I have knowledge they are aiming for 3mtpa with operations to start in 2009.

    UCL is a buy at these prices IMO.

    The UCL mkt cap was too high on Monday at 4c and has come back to fair value range at 1.8c to 2c. In time it will recover, however what worries me is UCL's lack of capital. BON has just raise about $5 million and have Drummond and Ellyard on board of MAK fame.

    UCL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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