people selling to cover losses elsewhere, page-25

Hi guys,

The last two days we have seen the weak hands selling out to the strong hand regarding UMC.

It will only mean an even stronger shareholder for those remaining shares that are available to the market.

The iron ore story has not ended today but will keep going forward with high prices and high demand unless India and China dissapear from the face of the earth, which I do not see happening as yet.

UMC is strong as ever and will bounche back very quickly having some of the finest iron ore this country has every seen.

I am holding and not worried about this short term market interaction as the future looks extremely bright for this company.

jojo