.... does anyone else feel that, while the price has been higher, UMC seems as safe now and ready for a serious move like never before?
Recent times have been tough for a lot of the companies at this end of the market.
It was only a couple or so months ago that management was under pressure to deliver not only results, but results in a way that shareholders could understand and in a timely fashion.
I have good expectations of the current drilling campaign and IMHO UMC is ready for a serious re-rating. Please DYOR. I believe the tonnes are there and results to date show that there is a likely DSO project to be had.... combine this with infrastructure on either side and with a commercially savvy management team.....
.... and as bungy keeps pointing out..... there is also bauxite!
I am still accumulating at these levels..... please DYOR.
Regards, Tony.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held