I see that the latest mining conference presentation that they have posted includes some of the latest shareholding position MRs. Why have URL not updated there internet site - it is a shambles and a disgrace to shareholders. Mr. Hulmes takes home around 4,350 AUD after tax each week. Perhaphs he could look into spending an hour a month to keep the site update.
It is interesting to note that Mr. Michael Hulme when working for URL - when he announced that the 35,000 tonne copper project was not viable when copper fell to 2.50 a pound. About 4 months after his garbage announcement, copper prices averaged around 3.50 a pound for the next 19 months - and guess what? URL was still unable to arrange debt financing or get anything going. Sums up the management. Useless. Please, for heavens sake, let CUO take us out, or someone. This is painful. I think diminishing returns set in a long time ago with the current management team. There is too much dead wood - time for a bonfire.
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