The 20M +turnover that changed hands the other day, has...

The 20M +turnover that changed hands the other day, has intrigued me to take a position on this plus oppies - $10M Market cap - Worth a punt over the next 12 Months, good to see the Chairmans thoughts are and seem to be aligned to shareholders.

Speaking of UMC - Was late to the party @$1.55 but managed to average down when they hit 9c during the GFC.

In the end it didn't matter what they hit BHP had picked the price and over the last 6 months SP kept getting sold down to show the market they were paying a takeover premium of 40%. Every time it hit the $1.20s back to 90 cents she went. Moral of that $120B compared to $10M.

I would prefer another major be involved, but when you see turnover like we did the other day for no reason this is the resource game and there are plenty of loose lips in mining.

Cheers