UMC united minerals corporation nl
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quarterly out, page-24

  1. 3H
    5,867 Posts.
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    30/10/09
    22:09
    Post #: 5857256
    Sensational comments today in the quarterly. They have said that road haulage (being their only transport option available) lacks economic viability.

    On 9th Sept 2009, UMC CEO on BRR said that in the 1st quarter of 2011, they would be trucking 3Mt of ore to port. Furthermore, he went on to say that shareholders would particpate in substantial rewards when the company moved to production.

    So there we have it folks. Todays quarterly appears to directly contradict public comments from the CEO on 9th Sept 2009.

    UMC Price at posting: $1.27 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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