possible reason on the languishing share price, page-17

THX Managing Director Brett Lambert

We will continue to monitor our investment in UMC. My view is that Thundelarra is a resources Company, not an investment fund and it is not our role to hold shares in other companies for ever. If we move to divest UMC it would not involve placing the shares into the market, rather we would seek to obtain a premium price by transacting with a single party who would also be seen as a
positive addition to the UMC register. I think there may be a number of parties interested in acquiring a significant shareholding in UMC once they have confirmed a resource.