and as you previously mentioned Plaino, one has to way up the opportunity costs of say getting $1.50 to $2 per share now vs $3 a share in say a years time. Plenty of stocks out there with the potential to gain 50+% over the next 12 months with a lot lower risk profile than UMC.
it would have been great to ride the UMC train to $4 or $5 but we are probably 12 months too late in terms of project development, should we have been in this position in May 2008 then i would of thought we would have hit those dizzy heights quite easily
would have been great to see the markets reaction to a 180m interesection of 60%+ Fe back then
UMC Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held