UMC 0.00% $1.30 united minerals corporation nl

estimate of tonnages and agm, page-28

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    I am just going to sell enough options to convert the rest into ordinary shares, so no net cash outlay. If the heads are at $2 at expiry the vast majority of options will be converted, if at 50c then a greater proportion will get sold to raise the funds.
 
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Currently unlisted public company.

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