annual report, page-46

Hi (theseawolf)

What do you think of the Chinese paying around 25% above the share price at the time of the announcement,$1.02 and $1.35.They are Chinese and we all know the Chinese are the best negotiators when it comes to buying or selling.

The Chinese must know some thing we normal shareholders don't know.

The Chinese would be wanting to pay below the true worth of the share price at the time.I would say they would want to buy at a 25% discount if anything,rather then 25% above.
That would put the true worth around $1.70.

I feel UMC are holding back on drill results so they can sign off on deals with the likes of the Chinese as they would want in at as low a price as possible,knowing the true worth is a lot higher and they have an immediate profit in share price when what they know and we don't like announcement of further drill results are announced.

The options the Chinese are getting are at $1.45 with the 10cents plus the $1.35 they have to pay.

Regards
Westcott.