UMC
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0.00% $1.30 united minerals corporation nl

afr says rio is the stalker. nc., page-3

  1. kwaidan1
    3,849 Posts.
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    09/10/09
    06:38
    Post #: 5753831
    Rio, BHP in hunt for ore junior

    Friday, 09 October 2009 | The Australian Financial Review | Michael Vaughan

    United Minerals Corp could become the first Pilbara iron ore junior to be the subject of a takeover by one of the major producers, with Rio Tinto or BHP Billiton firming as the mystery party behind an approach less than one month after the company attracted China Railway Materials Group as a cornerstone shareholder.

    I'll get the full article in a sec. Basically says: "last night a well placed source told the AFR the RIO was behind the approach"
    UMC Price at posting: 91.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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