I must admit I don't like having THX being a substantial holder in UMC. But that is my problem I guess and will be for a while longer.
So no more THX bashing
Circumstance change very quickly and I would not want a repeat of the events that have happened over the last two months with a large holder having to dispose of shares.
Hopefully the worst is behind us.
What is the price they are happy to accept, they were not sellers at $2+.
I must admit if you know who the buyer is, perhaps THX could offload say about 5M at a $1, Just to be sure they have enough cash to see them through to their exit price. LOL...
As for
"These guys have a history in the IO industry and aren't traders. Nor are they stupid ie their reason for buying is the same reason(s) they got into the IO market more than 7-8 years ago."
I hope you are referring to Anglo
Cheers
UMC Price at posting:
88.0¢ Sentiment: None Disclosure: Held