large re rating due, page-28

re: large re rating due ready to run Summertime notes an interesting point - those wanting to sit it out and hopefully get in at 16c or less. Those guys really should have been there when it hit 12c about 6 weeks ago. URL could go sub 17c if management do not mention something about the feasibility release by month end - but the informed will know this is ridiculous.

Puting all the information and discussion with the MD etc - I think some of us are of the belieft that URL could announce the feasibility by early / mid August.

Can't see why URL management would want their share to slide in the interim if they know it is a winner - we could possibly see URL make an annoucement by month end noting the feasibility study is a goer with results of the fesaibility study by mid August. This would prevent any uncessary slippage. Failure to keep the market 'warm' could see some smart money getting a bargain. To be honest, if a big istitution got their ugly pawas on URL - that would irritate me since others like me have had the guts and hindsight to get in at the lower prices and will feel a bit irritated that someone can swoop in at the last moment and get a good price - but that is the market. Hats off to those who can pull that off - got a gut feel that this will not happen. I think the cat is too far out of the bag.

Time will tell. This week will be interesting.