Yeah, I'm not sure what is going on but the sell side is heavily stacked. Either its intentionally being walked down for some reason(ie placement) or people are just losing patience and heading for the exit door.
Seems like an eternity since the last announcement but its only really 3 weeks since the appointment of the project manager. Some sort of news would be warmly welcomed though, even if it was just a progress report on how the drilling is going. Doesn't help investor confidence if the sp is allowed to drift for too long, especially in the current market.
UMC Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
