I guess some (like me) were hoping that they would have gotten to the good stuff by now or be a little closer than 8 weeks. It means one more crappy quarter of low grade (reduced marin) mining before the 'good times'.
Perhaps that's one reason for subdued response here.
In any case, one major reason for recent shorting appears to be removed. Short to mid-term future a bit brighter, I suppose.
Wonder if we'll see a spike if company re-starts buyback and shorters have to cover themselves. I've given up trying to second guess what they will do.
The other issue hanging over our head is what the company is going to buy into with its cash. Whether it will require a major (costly) build. If it is viewed as leaning towards conservative / low risk bet then sp will fly. If its seen as high risk, we'll continue to flounder.
My opinion only, do your own research, etc etc.
UML Price at posting:
11.5¢ Sentiment: None Disclosure: Held
