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UML unity mining limited

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3.3¢

so IYO its a good idea to waste 600k on worthless piece of paper

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Gymjunky

4,955 Posts.

1309

13/01/15

16:08

Post #: 14577289
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Originally posted by bigdream ↑

By my calculation of the cash flow, they spent about 600k to buy the put option. Imo it's a pretty good deal given the gold price is still at 1200 only arm.

Hoping for 10cents price is quite optimistic. If Henty still have a continuing life, it will be great, however this is not the case.

In the next few month, henty will be closed until further update on Darwin. There is unlikely to be much progress at dargues and kangaroo flats will be a drain, with little prospect of being off loaded.

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so IYO its a good idea to waste 600k on worthless piece of paper

UML Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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so IYO its a good idea to waste 600k on worthless piece of paper

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