bhp to mine tenements, page-7

Hi Colombia,

The management of UMC had NO vision and where imho only in for a quick buck at the expense of us shareholders.

I wish we had a David Flanagan running the show who has vision and proved this by having already iron ore being transported at 6 Million tonnes per annum moving towards 12 M/t in the next few years.

Even with so called stranded deposits consolidation and cooperation with other juniors and the help of the Chinese would have been able to get this ore on ships.

But it would have taken time and deal making skills with all parties involved, something that UMC management obviously lacked.

We have been sold out by UMC ,as we shareholders all knew at the time.

But lucky we can move on and put our money into companies with management who DO HAVE VISION.

jojo