Conservative is the way to go in the present climate - you put something out there that's over the top and it has a tendency to roll down to the bottom of the hill again.
It seems they are taking a quiet, conservative approach as, really, current SP is of little consequence until the market as a whole starts to climb.
Just remember what the market was at when UMC was $2.74. When (hopefully) the market is back there then the great resource we have, any deals done between then and now, and maybe even a solid production timeframe will have this baby where it should be.
Until then the company doesn't have to make a song and dance as the resource speaks for itself. I, for one, am quite happy with that approach as have been burnt many a time by optimistic and enthusiastic announcements. (AED anyone?)
And remember, negative sentiment just creates negativity (Westcott!)
Good luck to all and DYOR
UMC Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
