Just have a look at FMG today and you will clearly see how a company performs on the stock market when it not only has the resources but a management team who CAN DELIVER.
1/5/2006 UKD announces a non-renounceable rights issue of 1 oppie for 3 fpo at a record date to be announced.
19/5/2006 Becoming a substantial holder notice. Traolach Investments Pty Ltd becomes a substantial holder on 17/5/2006 by purchasing 5.1m @ an average price of 3.3 cents and in doing so is entitled to 1.7m oppies @ 2c each.
22/5/2006 UKD announces Pro-rata non-renounceable right issue of 1 new option at 2c each for every 3 fpo. Exercise price 20c on 31/7/2008.
As at 16/11/2006 Traolach Investments Pty Ltd held: • 5,100,000 fpo • 4,349,407 oppies
As at 1/8/2007 Traolach Investments Pty Ltd holds: • 1,750,000 fpo • nil oppies (or less than 365,334) • Also Taurus has come and gone off the top 20 fpo.
My momma always said "Life was like a box of chocolates cause you never know what you're gunna get."
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held