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UML unity mining limited

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the company should buy those shares at this level and delete them

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Gymjunky

4,851 Posts.

1258

13/03/15

12:31

Post #: 14908884
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Originally posted by webral ↑

Liongold Corp, the second largest holder, sold 22.5m shares this week as per notice and have 94.5m shares remaining. The shares recently came out of voluntary escrow from a year ago. Liongold share price has fallen from around S$1.70 to S$0.01 in the past 18 months and they are looking to move off the main bourse. They probably need the cash and will likely dump remainder.

Unity $9m cap, $12m cash last qtr plus expecting a significant increase in cash which should be a catalyst in early April. Maybe more to come as production winds down in coming months?

How low will Liongold go? Hopefully they dump a tick or two lower to clear large overhang rather than sit at 0.8c. Also the chance of an arranged crossing at some stage.

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the company should buy those shares at this level and delete them

UML Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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the company should buy those shares at this level and delete them

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