i can remember looking at several other iron ore stock when i bought UMC 12 months ago such as MMX and even magnetite players.
UMC obviously had the most potential hence the reason i invested, however the other stocks have appreciated more in the last 12 months than UMC for no other reason other than the fact that management has been able to accomplish so much more in a year than UMC management
its about time they secured 2 or 3 drill rigs and defined a massive resource which most of us already know is there
if other companies can secure drill rigs then UMC should be able too
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held