well i was expecting atleast 2 dollars....wouldve atleast made up for capital gains taxes i have for this financial year. On the bright side have got set in a few other companies which i hope are focussed on there projects instead of there own pockets as our mighty umc board has been....One thing i have to agree with however...if this current board wouldve stayed in place , umc price would not have been in excess of a 1.30. Umc had lost credability and would have floundered regardless of iron ore prices. Bhp and rio held all the aces with no rail access available to umc due to government s failure to act.
If i was in control i wouldve held out for a better offer and being honest i wouldnt have been setting up another company while i was running umc. The aim wouldve been to find other projects or if need be just sell railway to fund other alternatives...wouldve been a better option and the option for not paying capital gains tax would be there
Lots of lost opportunities...but we have to move on....avoiding Very Notorious Crooks
pete
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