Orbis might think that the UML shares are worth 40 cents or more each. Even with the Bendigo mine looking bad.
10 cents out of the 40 cents; might be the cash in the bank. Whether or not the mines and the equipment; and the Goldstone invesstment; and the future profits and dividends; are worth another 30 cents or more per share; is the question to be answered.
Full credit to the UML management; for getting the Tasmanian mine going; and for taking the punt on the Goldstone investment.
Good luck to all you patient UML shareholders. DYOR.
UML Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
