I have never tried to contact directors at UMC,some here have tried and got a frosty reception or no reply. That is all I am doing is asking some questions I want answered for my own peace of mind.
We have been told for the last eighteen months or so,that UMC is the best,best and most open Management team on ASX. Best high grade,low impurity iron ore junior in the Pilbara.
The point is being missed by a lot of people.
No news of confidentiality agreements. No news of going to Asia to visit steel mills. No Asian companies coming to Australia to look at the project. No new management people being employed for so called start up in 2010. No follow up news about Port space availability at Port Headland. Not on many lists of juniors being discussed in mining journals. Why are they trying to do all the studies and mine planning them selves with a team of 5 management personal,instead of bringing on board proven experienced ex BHP and RIO people who have worked in this area on the types of iron ore we are mining,from the start of mine planning through to mine production and shipping starting up.
Please give me your opinion on the questions I asked.
Are they unreasonable questions?Are they provocotive? I think they are just straight forward questions. Regardless as to weather they answer or have to answer the questions. I am not sure why some people here are against me asking questions a lot of posters are asking the answers to be given by the company.
I am a share holder and believe I have the right to ask questions.
Regards Westcott.
UMC Price at posting:
98.0¢ Sentiment: None Disclosure: Held