UCL ucl resources limited

2 million shares at market. We haven't seen that since Merrill...

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    2 million shares at market. We haven't seen that since Merrill were cleaning out buyers on the way down. Hopefully someone is standing by to take out more sellers. Still early days of course.

    It's an interesting response to the quarterly which didn't have much unknown in it. The two things that I noticed were the comment re greater than 80% recovery from the leach testing and the sign off of Frank Reid being well received in Tehran (with his signature lol). I'm not recalling immediately whether 80% leaching recovery has been quoted before - it started out in the mid 60s - however it is a very good result and compares favourably with the original floatation results.

 
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