Alan, I agree. Whatever it is they are going to announce is in the quarterly or perhaps post AGM and nothing is going to force their hand. The spectacular results from hole 314 is the only drip feed we are getting. I would suspect that this only came about as a result of many on this site hounding the office for info. One would have to be confident that positive results from RE or JJ will put the $1.75 director option strike price into the money prior to the vote. With the Q coming prior to the AGM it will be a unique juggling act indeed.
According to Barry 90c was a distortion; well the macro ecominics may have changed for the next 12 months but we are still very much trading in the distorted zone IMO.
UMC Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
