Hi Columbia,
I thought they had already been in discussions with the majors. After reading the Initial Jorc Announcement again, it mentions that they would be in talks for both Rail Access and MGS now that the Initial Jorc has been released.
This latest announcement is nothing really new apart from knowing UMC are happy and they are aiming for a 10mtpa part of the berths or 20%. Not bad when you consider they still are not part of the NWIO Alliance.
That also goes well with them during the negotiations process.
Columbia, i read it the same way that they will be releasing the studies very shortly. Could very well be tomorrow or within the next couple of days.
Todays announcement imo is a forewarning for us to hold our shares close to our chest and not be swayed by the bots and market fear. Something very good is just around the corner.
Maybe reading into it too much.
Cheers markco2
- Forums
- ASX - By Stock
- UMC
- market sensitive annnouncement
market sensitive annnouncement, page-11
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online