i've read every post on this thread for the last few months and i dont believe there is a single ramper amongst the longterm regulars on UMC.
the discussion here simply re-iterates an enormous amount of research which points to a very bright future. i read it to supplement my own research and beliefs about this stock, as everyone should. HC should never form the basis for an investment decision.
how do i know this? in my early days i got caught up in the hype of a medical stock and did $10k (refer prior post). lesson learnt.
we are all here cos we want to make money, and lots of it. but when it comes to sleeping with a clear conscience, unless u duped a little old lady out of her life savings you should be ok.
if someone has read this thread at $2.70, bought in and now feels like they got played by rampers, well that just means they shouldnt have been in here in the first place.
personally i dont visit threads which i have no interest in. but answer me this sava... why do you post on the UMC thread? (apart from the fact thats its ur right to post as u see fit) you only ever mention that the io sector is taking a hit and that ur waiting for a cheaper entry point, maybe.
you rarely discuss the facts: - 111.7mt high grade jorc resource, DSO infact - railway upgrades to follow - RIO has done deal and signalled intention to do more given right location and ore quality - possible upside from drilling jumbo and yandi, in the heartland of where the majors expect 20 to 30mt of io - another dozen prospective targets in the same area - stated interest in 10mtpa port berth - location location location...3km to bhp rail and 25km to rio rail - low strip ratio - scoping and pre feasibility studies in pipeline - forecast demand for io from china and india
im not disputing ur right to have ur own views, but i for one would be really interested in hearing why u think all of the above will fall thru and UMC will just be a speccie that will never turn a profit.
i agree, all junior io plays are speccies. i dont agree that UMC is a high risk speccie. the 110mt jorc has derisked it significantly. the price doent reflect this yet as the market is a mess at the moment. but that just makes UMC amazing value at these prices.
sorry for the long post guys...had to be said.
UMC Price at posting:
$1.60 Sentiment: LT Buy Disclosure: Held