It has probably been posted before almost everything has.
If we get an offer of say $1.40 or thereabouts I think it would be sensible to proceed to production with the assitance of our Chinese friend. I can wait another 18 months especially if the sp lifts as it probably would.
This after all was the plan before this interuption. Both companies must have thought they could do it so what has changed?
THX do want to sell and I think they will sell. Would BHP buy that stake without being sure of getting control, I don't know but doubt it.
UMC Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held