UML unity mining limited

Rush to the door, page-8

  1. 2,479 Posts.
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    Well the uncertainty is why we getting dirt cheap price at the moment and that's why there is huge upside.... Stocks that have certain futures already have that built into sp, so upside isn't like companies likes these that are valued a fraction of there net cash & assets... Managements aware of the issues of mine life etc than what we are, there are many cheap gold companies close to production but need funding to re-furbish plants, we could see a acquisition from UML .... When Bendigo mine was about to come to end, they acquired Henty.... we could see similar plan implemented....Buying UML now, u get Bendigo and Henty mines free, plus all other assets free.... paying only less than half of cash holdings im happy to be a buyer.... There is less downside with huge upside buying at current sp.... Henty closing not end of the world, the outcomes are endless while u debt free and have cash on hand.....
    I still feel they need do more drilling at Henty and Bendigo and get both mines operating, gold price nearing $1600 aud even lower grades could be viable... The market darling NST is good example, Paulson mine only having months of mine life, they extended it to years and still running with no end in sight.... Pro-active management is the key....DYOR
 
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Currently unlisted public company.

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