One way of putting it is THX have lots of dirt to drill and are extremely busy at the moment. In a million to one chance something dodgey has been found going on between UMC, BHP about the wayward drilling deliberately missing sweetspots so as to reinvent UMC as another company and do the same as they have done with railway ie prove up the dirt and move it on (must take a breath here) then my question is what would happen to UMC stock? "Suspension" perhaps?? As I said its a million to one but for THX to have their money tied up in a company going onwards with legal proceedings against it may very well put THX in a very risky position. Imagine if Thunderball proves to be very prosperous and THX find themselves either 1. Raising cash through issue of more share or 2. Leaving themselves wide open for a takeover. Smart move.......
UMC Price at posting:
$1.27 Sentiment: None Disclosure: Not Held
