UML 0.00% 3.3¢ unity mining limited

An interesting if not completely unexpected development. As much...

  1. 245 Posts.
    An interesting if not completely unexpected development.

    As much as I'd like to see Dargues producing gold, it does make some sense to delay production until we can get a better price for the gold produced there. And it will be nice for our cash balance to resume it's upward trend without the development costs dragging it down.

    I wonder if the plan is to build the cash back up to the point we don't need to borrow anything to finish development. Using the extra time to seek environmental approval for onsite processing might not be the worst idea ever - if a cheap plant of the right size could be sourced.

    The announcement didn't mention exploration around the Dargues mine. I'll be seeking to clarify if it is ongoing or also suspended.
 
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