port access, page-8

3H,

i agree with you that UMC could do alot more in terms of their reporting/disclosure regime.

i accept that this is a shortfall of management.
but not a shortfall i am ready to sell on.

i just try to look more at what is happening rather than what they are not saying.

a deal with the chinese for 3mtpa means they have, or will have, transport/port access plans in place, or as much in place as they can given they dont own any of the transport/port access infrastructure.

the chinese liked enough of wat they saw of those plans to part with $27m (and i'll say it again cos it just sounds so good - at a premium!!) and to do a long term offtake deal at commercial rates.

i look at all this as positive progress.
your right jojo, the writing is on the wall for UMC.
and thats enuff for me to continue to hold without major complaint.

as for managements lack of reporting/disclosure, i'll smack them with my votes on any remuneration resolutions.

im sure that after this AMG they will be in no doubt as to what the shareholders demand in terms of reporting and the way forward.