this is serious lets hope, page-86

Hey Inc.

I disagree.

IMO It's about the pending deal with CRM... not Railway... The big boys could have had us for a song ages ago. What's changed?

It's just my very humble opinion that all the things that have gone on behind closed doors at UMC in recent times including personnel changes, lack of drill results and unrealised short term SP value, alongside signing the Chinese - have all been with this end game in mind.

Although speculation is that Crabb left on bad terms - I'm comfortable with the fact that THX knows what the real value of UMC is, even if the 'retail sector' may not... and management obviously will too... no offence to Westcott, but IMO the notion that management won't recognise the value of the non premium ore is naiive. The fact that they haven't used that information to try and hike up the short term SP is something else, but still in line with my end game theory.

As Magix pointed out, the only reason we HAVE Railway is because BHP had to relinquish land. Is it too far out there to suggest that they may only take a controlling interest (possibly via substantial share placement) which would mean dilution but a substantial cash injection towards production with rail access included in the deal?

Let's finally see if management are worth what they're paid...

Luck to all