I agree with your thoughts - the company is now much more high risk.
Furthermore whats going on at Henty - they blew $5 to 6 million last quarter - what on - stopping issues at Darwin south - as I said last night the company didn't make it clear that its even been resolved. The fact that this much cash got burnt means that production must have come to a standstill or there was a huge blowout in costs.
So I am out as well.
Good luck to holders - the company had good assets but I'm not so sure about management.
UML Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held