re: Ann: A$13.6 m Private Placement at a 45% ...
Agree that is great news money is in the bank and removes the risk that always exists.
Also agree WB it is likely to be frustrating wait for value. A large fund that does extensive due diligence decides to buy 30% of company at 14c yet the stock can't push past 10c. Says a lot about the mentality of retail investors.
The funds managers are big hitters and joining the board. They didn't invest to make 50% and have a good track record....they are wanting multiples of their investment over the next 2-3 years.
May take some time but once money starts flowing and other projects can leverage infrastructure the market will finally wake up but this wont happen overnight.
Have been accumulating below 10c for the long term. When sentiment changes I expect to be well rewarded. The company now has to deliver and it has the funds to put its destiny in its own hands.
Good luck in 2013 for all holders. Am sure we will see a recovery during the course of the year.
UNV Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
