agm impressions, page-5

re: news article I suppose that passes for a "passing reference" so at least UCG in general is getting a run.

AGM was told drilling wouldn't be done until December on Pinnacle (Cougar)'s leases . . so a delay which is annoying at worst. Still waiting to see what a UCG company project is actually worth, from the latest records I've seen:-

Linc is Capatailised at $40.24 million
Pinnacle (Cougar) at $7.9 million and
Metex at $3.3 million.

Strikes me either Linc is hopelessly overpriced or Pinnacle and Metex under valued. Or maybe a bit of both? Be interesting toi see what happens as they prove up resources and get on with the next stage of theie respective projects.

Speculative stock in my opinion but worth a punt maybe??