The times have changed and sentiment is not the same. It seems to me that even $2.00 at present is wishful thinking for the immediate future. If THX wants to get the options into the black before the end of June, worth over $2 mill to them if they do, it must:
1.Hope for a big spike in UMC 2.Announce some really good drilling results and get the nickel price up 3.Sell its stake in UMC.
I think the last choice is the most likely. What price would they get even given a premium for selling their blocking stake? Perhaps $1.50.
If they sold at $1.50 how would that affect our holdings? I believe that this is the most probable scenario so am really interested to hear your views.
UMC Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held
