rim capital not happy, page-12

Welkin

who knows if the JV with Hydro still is or not...

FACT IS

neither UMC nor any of its subsidiaries - in this case Bauxite Australia P/L - has any live tenements relating to Bauxite exploration anymore. the last live tennements were surrendered 1. September 09 and the rest and all JV applications were shafted in May 09...

there are 3 exploration license applications pending but not in JV with Hydro and one mothballed diamond mine 95% owned by UMC and 5% by Ragged Range a toy of one of the dills at the BGC building...

IMO there is no such thing as Bauxite for UMC anymore...


I was a little surprised when UMC did not announce any such dealings... but hey we're just common people!