They bought back shares at approx 14c and wasted 1.x million doing that! Not smart in my analysis, especially as they then took over another company and doubled the number of shares on issue.... at precisely the time that gold was topping.
Smart Yes... Oh they didn't know ....they didn't look nor think NOT analyse the risks.
I've seen other gold companies with loads of cash suddenly have it disappear and the company becomes worthless.
Directors still want to pursue their dreams and be fed.
This down has not finished... yes we will have some 4th wave bounce but we haven't had real capitulation yet
UML Price at posting:
6.6¢ Sentiment: None Disclosure: Held
