UCL ucl resources limited

namibia, page-8

  1. 9,328 Posts.
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    Nothing to be sorry about Joe, I've got pretty good exposure already so moving up is good for me too. It would have been nice to have some more sub 1 c though.

    I won't read too much into today's move - it's more likely to be a punt on the possible MAK news as anything. The Indian story is not concrete, basically MAK has nothing to announce until they sign an MOU and we have to see what the terms of that will be. If it puts a good price on MAK then it should help us too - might even put a bit of fire into the phosphate sector. If it's not such a good deal we may see those 3 million bought in one parcel today came back on the market pretty quickly.
 
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