if 20% is 220,000,000 shares then you need 220 by 1,000,000 holders to get together to the best interest of the 220 share holders. now if some smart cookies had foresight to buy at .008 cents that is $8000.00 was not that much in today's scheme of things, but maybe when it was .008.
Power to the people, I mean shareholders.
Looking the announcements in July and November, the announcements has encouraging drilling results.
That I presume was the first $2.5Million spent on the JV. They are now working on stage 3, would it be prudent for the directors to summarise the drilling of the JV. To earn 50% they need to complete drilling by Sept this year.
PYBAR need to provide funds to cover the rehabilitation costs, to the percentage that they have of the Henty JV.
At 50% that releases a few Million dollars, there is also the funds coming in from the sale of Bendigo.
The directors have said they support the bid and it is fair and reasonable, in the light of no other superior offer. The directors to my reading cannot change there minds, without Unity paying a break fee.
At this stage, the directors hands are tied. What frustrates me as with everyone else, is the money spent of Dargues, which triggered a decision to mine. Then not issuing shares at the point to cover the amount, but wait until the share price was .008 cents to issue more shares.
This is all from memory so do your own research. I mean no disrespect to any one and I write it without prejudice.
UML Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
