broome update, page-30

Savadamoney,

you've come in very late in the piece. I am MOST INTERESTED in the risks to UMC. I have a lot of money invested in it, and so the risks are my main concern.

Main risks that I researched a while ago:

1. Drilling does not find a large resource
2. Resource not economic to mine
3. No transport available
4. Management not achieving goals/targets
5. Management come out of negotiations with a poor deal
6. Cost overruns, delays.
7. IO prices fall

Before putting any money into a stock (whether it is a trade or investment), I look foremost at the risks. It is the risk assessment that decides how much I buy.

Too many punters focus solely on the reward, then go looking for someone to blame when it doesn't work out for them. Blame does not make money. Taking responsibility does.


Joel