Bmission, not sure about how much gold they hold now. From the Quarterly:
http://hotcopper.com.au/announcementFiles/2013%5CUML%5C494235ca-ee18-41d2-9bf2-6630813e86be-UML388443.pdf
"$24.5M cash in bank, plus $9.1M of gold bullion available for sale."
_____
Then, from the production report more recently:
http://hotcopper.com.au/announcements.asp?id=577828
"Cash at Bank of $27.5M, plus an additional $11.2M of bonds."
_____
So, more cash, but do they still hold the gold? Also, re bonds, I think the policy is changing, and that companies might not still have to have that money tied up- this from other companies on the ASX.
UML is lookintg pretty cheap again. If, as is said on HC, there might be some delays for Dargues, due to rain, LionGold won't care- they're opportunists, and it will probably interest them more if UML share price cools.
Bmission, not sure about how much gold they hold now. From the...
Add to My Watchlist
What is My Watchlist?