goldstone, page-4

we can't rely on Gold price heading back to $2,000 again. It is unlikely to happen again anytime soon.

The real problem (IMO)at the moment is, UML is caught swimming naked (lack lustre performance) when the tide rescinded (fall in gold price). UML under performs relative to other miners because we are behind in efforts to stay ahead of the game. Our restructuring efforts are slow and the venture into Dargues sapped the only advantage UML has, namely its large cash holdings.

UML needs to do a serious soul searching to dig itself out of this mess and not continue with what its doing at the moment. It should stop spreading its efforts between dargues, henty and bendigo with the high hope that gold price will recover to record high.