I sold all of my UNX at over a dollar. The ponification on the LOI is very misplaced. It is just a one sided agreement to do something? anything? nothing? it may at some stage turn into a plan of action at some time in the future. Anybody who took this LOI as a reason to buy UNX took a substantial financial haircut. Lake Bahi looks interesting, but if you really want to see some hot U results hike on over to OMC.
The UNX quarterly was very ordinary and the stock price continues to sell off. I like the stock very much (based on its Tanzanian potential) but I will not pay 70 or 80 cents for the grades reported at Lake Bahi.
OMC Price at posting:
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