Company has been sold down along with rest of speculative market. IMO once P source has been proven by small scale testing company should rerate.
P is still a hot COMMODITY despite market sentiment & the Namibia/Sandpiper project looks to be less capital intensive than all the other P projects around. Interesting times coming up for UCL going into 2012.
Will NMNC/LCY show interest is perhaps the $64k question IMO?
