As a Mum & Dad shareholder we would see bugger all than $1.30 per share if the BHP deal goes ahead.
With the groundbreaking deal with CRM and CRM taking up shares in the company at $1.35 per share i had no doubt that we would had seen $1.35 per share by Xmas.
IMO Management failed to get cornerstone investors with the exception of CRM. Then they go and peeve CRM by accepting a lower deal with BHP.
Management fail to get a good deal from BHP for the WHOLE company and its shareholders.
UMC Price at posting:
$1.26 Sentiment: Hold Disclosure: Held
