Hi Gutumike, thanks for your posting!I had the same thoughts...

Hi Gutumike,

thanks for your posting!

I had the same thoughts like you about a possible takeover. The instos should take care that if so, the price should be at least a bit higher than atm. We have no debts but cash.

Some potential buyers might look greedy to UML. But there is no way for a buyer to get a lunch for free. It is quite simple as that.

My guess is as well that we can still drive cash costs down by using higher grade mining ore. If you look in the latest presentation, there is a lot of potential to mine higher grades.

There is still plenty of cash for closing KF. Even selling KF might be possible. Still - if it is mineable for higher cashcosts - it finally could as well be mined if the POG runs to 2000 AUD lets say after 1-2 years of time.

No time to get depressed with UML. Lots of folks lost their faith in the company by now because of a lack of communication with shareholders. And because still missing is a bright perspective in the long run.

In either way I would expect the shareprice to move a lot higher from here for some time.

Good luck to all holders

Five :-)