Interesting to see that STB announced drilling commencing on 19th Aug 09 and have now gone into a trading halt pending the release of drilling results on 4th Sept 09. Thats right folks a 16 day turnaround.
The above just goes to show what a farce the release of Mt. Robinson drilling results has become with UMC.
Take a look at POL. It only took them a couple of months to secure a takeover offer after announcing to the market they were looking for development partners. UMC announced back in Oct 08 about evaluating proposals with and from 3rd parties....and still silence on that front.
The ball is in managements court.
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