defabster, a share consolidation are you joking. This normally destroys shareholder value and name one company where this has proved successful. Whether UCL is trading at 70c after a share consolidation what makes you think this will change the mind set of people investing. The real issue is the current environment with Iran and US and UCL project happens to be in Iran and that is the only reason why investors are not buying and are waiting on the BFS which may give some clues as to how the project will be funded. This is what the market is waiting for IMO. I am not down ramping UCL as I have a large position and would love to see it much higher. Rob Murdoch has a large shareholding and the top 20 shareholdlers hold 80% which include Lundin and RAB Capital which gives me some confidence. The company has been quietly progressing the project and playing a low key, and many have doubted they would even get this far. The FS is expected to be completed in about 2 months, and this should tell us which direction the sp will go. Interesting to read that someone on hc wrote that ZXF mentioned UCL's zinc project on pg 15 of their report as one of the largest undeveloped zinc project in the world. The volume has been thin and it seems that people are not willing to sell at these prices and that the buyers are on the sideline waiting to see what happens before making their move. If the project was in Sth Africa, UCL mkt cap would probably be over $700m similar to EQN.
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
