UMC
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0.00% $1.30 united minerals corporation nl

Was UMC with 57% haematite ore continuous over drill hole...

  1. DSD
    15,782 Posts.
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    16/10/09
    18:51
    Post #: 5792517
    Was UMC with 57% haematite ore continuous over drill hole sections of 50-60m.... sold for $1.30/ton?!? Wow... that borders on ..... I'll let other readers provide adjectives but 'daylight robbery' is one. Whilst 3 firms control 85% of world's IO supply, fair prices are simply impossible. Even so, $1.30 is far too low. Almost inconceivable. How could they(board) settle for this??
    UMC Price at posting: $1.27 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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