Instead of a wing and a prayer the mantra at UNX appears to be a photo and a promise. Little wonder the market hasn't responded as from research this communication strategy where nothing eventuates has played out before. With minimal cash and limited Uranium experience left on the Board with Mr Chalmers moving to a company headed in the right direction, the 'promises' rightly no longer command attention. Interesting how Mr Chalmers could be referred to as a muppett by some, just shows the level of intellect and industry knowledge associated with this company and board. For holders the hope of any deal being done before the Chairman of IMX who is also the chairman of UNX dilutes a 27% holding is all that can be hoped for. Investors must struggle to understand why the IMX holding can not be taken out by a strategic investor as opposed to the newest proposition of dividing all assets. With the Uranium market flat for those that can not progress a companies value, when leading peers that hold equally promising prospects that are delivering on the 'promise', money is still far smarter elswhere. GLTA PH.
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