phone call from umc, page-16

Thats the risks we take by keeping money in umc...sold roughly half my holding now.

From my perspective there are 2 risks....that the proposal does get voted down and we are in limbo....Share price could go either way but my gut feeling after all the mismanagement it will go down unless the current board resigns.
Second risk is leaving money with umc in limbo until vote you miss out on financial gain elsewhere. Also the factor if there is some sort of correction that the money is safe...bhp will not walk away from this deal regardless of what happens...they have a billion dollar asset. But if you use this logic your better off investing in telstra and getting a dividend i think they have around march.

After reviewing all the scenarios i feel it is too much of a gamble keeping my investment with umc.
Currently looking at increasing my holding in vms,lng,poz and i have a buy on bdr if it dips back into the 20s

Good luck in whatever you guys do...it is a great market at the moment to buy in. Just use caution with new years euphoria in the stock market...there has to be some correction coming again


pete