I agree with you on most points Showman except one.
"I believe the UMC Board/Management should have fessed up that they couldn't do a deal with BHP/RIO/Chinese"
They did do a deal with the chinese.......The chinese company that builds railways..
In a matter of 6 short weeks the boards complete backflip on what they stated publically to the market on development and having CRM on board to "it's all just tooo hard", "give it too BHP" on a silver platter ABSOLUTELY STINKS!!!!!!!!
UMC Price at posting:
$1.30 Sentiment: None Disclosure: Not Held