UML 0.00% 3.3¢ unity mining limited

charting help, page-6

  1. 6,402 Posts.
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    sorry to see UML sp down to 11ish, i used to hold 50k worth of stock, but sold at 14c just for some other opportunities, and it turned out to be not a bad decision.

    the biggest problem with UML is that their cash at the bank never go up, all they did in last 12 months is digging henty at high cost and re-invest back into henty hoping to find more gold, but capital and on-going exploration costs never turned into cash cow.

    now uml is 80mil cap with some 360k ounce of gold to dig, they said they got 5yrs+ mining life, but they also said they can produce 100k gold a year, one of those 2 statement must be wrong. gold price doesnt help either.

    anyway, just my own opinion to share. hope sp not back to single digit.
 
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Currently unlisted public company.

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