UML unity mining limited

baillieu update , page-2

  1. afd
    2,216 Posts.
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    Is it just me or are others finding it difficult to reconcile the fact that according to its buyback agent, UML shares are on offer at a 50% discount, the company has proven up the mid term 'cash cow' status of Henty, yet the buyback is not being pursued?

    According to other valuations the company is selling at @30% of its fair value, yet the buyback is not being pursued?

    The company has close to $50m in the bank yet the buyback is not being pursued?

    The company opted not to give shareholders a dividend, declaring the buyback is better value for shareholders yet the buyback is not being pursued?

    The company has been subjected to short-selling the has effectively capped the share price, yet the buyback is not being pursued?

    The company is positioning itself for a likely merger whilst the share price is currently languishing at at what 'everyone' agrees is a severely discounted level, yet....yet......yet, the buyback is not being pursued?

    Come on guys, can't we stop this nonsense?

 
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