share price drifting lower & dividend

Noticed the share price has been weakening over the last couple of weeks. I don't think this is of concern, I think it is because of other goings on in the market, people chasing the gains of the large cap stocks such as tls and cba. Probably people losing patience in this stock and selling to buy stocks in the asx200 which is going up. My guess is when the ASX200 and similar indexes stop going up and hopefully simply platuo, money will then move into the smaller companies.

The performance of this stock has not been very good, it is only up 33% from it's all time low of around .08, although this is a blessing as the stock is still cheap. Buying a stock which is cheap has less downside risk and more upside potential. This is why I hold.

I think .110-.115 should hold, at the least .10 will hold, excellent support at that level.

Management should be focusing on generating returns for shareholders, it should simply be factored into their cost of doing business. We should be getting atleast a 5% dividend, small business workshops always recommend to "pay yourself first", shareholders should be paid first as they really are the business owners, they should be put first ahead of plans for expansion and mergers. Alot of companies rise, generate good cash flow and then fail all throughout never giving the shareholders a return and leaving them holding the bag. UML has given out dividends in the past, that is one of the main reasons I hold, they have had plenty of opportunity to provide a 5% dividend. Their Stock Buyback plan was well evidence of that enough, you could have made a return but by selling that news.

Investors currently are chasing stocks that return dividends, stocks like cba, tls are paying dividends and investors are chasing them like mad.

This company has been able to easily pay a dividend over the last 2 years generating good cashflow and sitting on a pile of $40m and they are producing 50,000oz a year. If they had been paying a 5% dividend each year, it would have only cost them less than $7 million over the last 2 years as the market cap of this company has averaged below $70 million. Can you IMAGINE how hot this stock would be now if they showed 2 years of dividend payment to investors of at least 5% return? Dividend stocks are all the rage now and management FULLY missed the boat on this.

If they were paying dividends, this stock would be well over 20 cents, yet it looks like we are heading slightly down to retest some old lows. If you want to research my posting history, I have been saying along time this company should be returning money to shareholders simply because they can and it would have hardly made a dent in their cash position at all.

UML is not the only one, there are virtually no gold mining companies that return dividends, it seems all their focus is on "creating shareholder wealth" by running the stock up so you can sell to the greater fool if you are quick. It is quite obvious that shareholders now are looking and wanting dividend returns and that is growing the share price of these companies now.