Not sure how much you know about UML ronnie but I think there is a fair stigma that hangs over it which management seem to be doing their utmost to shake. A lot of investors were burnt back in early 2007. They have also struggled with the Bendigo mine which just hasn't come up with the goods. I believe there is a lot of gold still to be found at Bendigo but they just can't find it. Henty is proving to be a good buy and it looks to me like they will turn it into a profitable long life operation. The aquisition and associated strategic alianance with Goldstone in Africa proves that management are on the lookout for bigger and better things. Goldstone have recently started a drilling program so hopefully they get some good results which may open some investors eyes. This stock has been going down a long hard road and is due for some good times, I hope. Busting
UML Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held