OAU 0.00% 0.7¢ ora gold limited

umc distribution to thx holders

  1. 19,875 Posts.
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    imagine the rush to buy if they distributed one umc for every six thx (and they'd still have $2m left over in cash with umc at 2.60) ...

    personally i hope thx dont sell until umc is $10 and copernicus has proven itself a cash cow. Then they can throw a new NT U mine into the mix and some exploration upside

    what price THX then ... $2.50+ ?

    Basically if UMC gets to $10, then THX shareholders should be comfortable knowing they are going to get a similar five fold return. It's just frustrating watching the recent seller kill the momentum.
 
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