I totally support your reasoning but will add that I'll continue to hold UMC close to my chest as there are so many variables at play that any single event could see the interest in UMC reignite.
To give an example, I believe that purely by the geographic location of UMC tenements there is a strong chance our board will strike a deal with BHP where it would be mutually beneficial for both parties.
• UMC needs the strip between Railway and Railway East.
• BHP needs parts of UMC tenements for its proposed rail hub.
I think that if an initial deal could be struck, this could be the catalyst which could flow onto other deals such as 3rd party rail access.
Apart from Barry's confidence in Matt being a deal maker and having the ability to double shareholder value, I have no idea what he is capable of but I'm prepared to support him until I have results from at least some of those variables.
That said, there are a lot of experienced and wise heads on the UMC board and I can only hope that their expectations are lined up with ours.
UMC Price at posting:
88.0¢ Sentiment: Hold Disclosure: Held
