it's not all bad that this hasn't taken off relative to the one we keep comparing it to...most of the people who post on this thread seem to be long term holders (or at least have that intention). UMC has been a slow burner but that has allowed me to buy a lot more than I originally may have had it bolted from 30c to $1.50 in short time. As it was, it's had retraces in August for example, and then in January, and it's allowed accumulation.
And given we're long term holders, we just wait for the results and let the market catch on, which it will in time. The biggest risk it if languishes is we lose control for an inappropriate price, but I doubt that will happen now given the speed we are moving forward on drilling and JORCing Railway.
I guess what I am saying is, as much as I would like UMC to ignite in share price, it has actually been a blessing in disguise to get a bigger holding in a company with a great future.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
