Why get angry with other posters because they have a different view to you?
Some people have most of their money invested in UMC and are willing to wait for another 12 months or so until something positive comes from Directors.
Other posters have their cash spread around and may have bought when UMC were a lot higher into the $2 plus.At that time they were announcing on a Thursday every month or two with something positive. These posters would prefer to be updated on drill results and other things so they can sell out at a profit or with out losing too much.
Some of us believe if Mt Robinson proves to have good drill results the share price could go up more then it did with the last announcement and allow people who want, to get out and put their money into a company who keep their share holders more up to date on what they are doing.
Are those expectations asking too much of Management? Are we expected to just wait while the share price goes from $1.02 to $1.23 and back to $1.09 the same day,then back to 99.5cents in 2 or 3 days.
If every one told the truth,they would admit that the drill results are lagging far behind other companies. UMC are suppose to be drilling for DSO which should be lot quicker to get results back and be in a position to announce those results then a company who are dealing in iron ore that has to be beneficiated.
Do you honestly think the company are being as open and fair to the normal small share holder as they were 9 to 12 months ago?
If the other tenements are as worthless as we are being told,then the company have not done a very good job of due diligence and researched the studies that have shown vast deposits of lower grade iron ore.
One last thing about companies with lower DSO grade iron ore then UMC.Most have a mixture of DSO small amounts - CID and Detritals.
AGO,AQU,BCI,FMG,FMS,BRM,WRK,IOH,GIR,CUL and Aquila who have mainly CID.Apart from FMG who are producing rather then drilling much.How often do they make announcements and how has their share price been going?
Regards Westcott.
UMC Price at posting:
99.5¢ Sentiment: None Disclosure: Held
