corporate activity - any time frame given as to when we can expect something? Sounded like soon to me, and sounded like several options, "best value for all shareholders" was mentioned
yandi - can anyone add more to this? what makes the access difficult and why are expected results not so upbeat? Although flat many small creeks, soft sand, and the drilling rigs not suitable for this terrain. Yandi headwaters, the lack of water to that of further downstream for the process to produce quality CID, so not expecting as good results as you would further downstream, however saying this to early as limited drilling. I think drilling more on yandi in March.
Should receive all current outsanding assays by January.
They are sending assays to 2 Companies now
Same expenditure (railway excluded) will be spent this ucomming year as for the year that passed.
was there any:
- discussion on any take over concerns, no, other than the project is considered a high value project. - discussion on the citi 8.25% - The Co phoned up questioning this Passing through, appears that 2 or so large holdings may have changed hands through citi, citi acting for a holder for someone, group of investors.
- detailed discussion on the 64.5mt bedded iron ore project. have they reconsidered the IO price in light of MGX and AGO deals in the last week? any more info on the expected time frame for the $400m in expenditure?
UMC Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held
