UMC united minerals corporation nl

ceo matthew hogan in the uk, page-61

  1. 3,850 Posts.
    lightbulb Created with Sketch. 146
    Downside risk from here is minimal.

    IMO THX is another time bomb ticking.

    I do not hold THX however have been watching closely there cash position.

    Last Qtrly had ther cash at 3.5M with a projected cash spend in the June qtr of 2.3M which means they will be out of cash next qtr if options are not exercised.

    If Fork North was/is the goods could have made all the difference to get them over the line.

    Only Time will tell.

    I do however look forward to some sort of explanation to simple questions this week with the directors being back.

    Cheers





 
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