bounced off 5-year low

Looks like some bargain hunting under way for some UML

UML
Shares on issue 509.713m
Share price 0.09
Market capitalization 45.87m
Net assets 77.150m
Net assets p/share 0.154
Cash (31 December) 49.896m
Expected cash (31 march) 38-40m

Positives
- Robust balance sheet with a lot of cash
- Investment to reduce cash costs and explore higher grades at Hentley gold mine
- Resources at Hentley doubled to 203,000 oz.
- Targeting 30-50k oz. production
- Significantly over sold

Negatives
- Formerly BDG
- Closure of Bendigo mine
- Poor gold production, high cash costs

DYOR