Could I suggest to all our staunch investors – shareholders please relax and get some holiday credits up for a big celebration in Broome.
News floating around is that the big players, (including overseas) shareholder representatives are onsite at the extensive bauxite project. My opinion is this overshadows the iron ore project 100 to 1.
Not forgoing my view on the Bauxite potential does not underestimate the iron ore.
Knowing the UMC Management I am sure the delay has nothing to do with bad results, in fact I would suggest it is the opposite and they would be very conscious in waiting for all the assay results, preparing a top report and when released will quell any thoughts of doubt on the long term prospects of this project.
The delay is only associated with the overloaded assay companies.
My view is that when the report is completed and open for public scrutiny THX with a major holding in UMC, (who will need a lot of extra cash for their promising uranium portfolio) will be canvassed by players to get a big stake in UMC, (If this has not already happened).
The market is now poised for a new fairy tale of small investors who have made some serious money, UMC will be that tale.
How would you like to hold an initial investment in a bauxite company like say Alcoa. Hold your UMC, put them in your super fund, lock them in a safe and give the key to your bride asking her to only open the safe when UMC are $10.
Jula sell at your peril.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
