UML unity mining limited

not a dog, unless it's a greyhound

  1. 1,490 Posts.
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    Sorry farmerblue, but although I sympathise with your situation, I certainly wouldn't call UML a dog. Sure, they've had a lot of problems in the past, and the share price took a hammering, but I think that management are back on the right track.

    They still have $39 million in cash, the reserves at Henty have doubled in recent months, and I believe that the best at Henty is yet to come. They have plenty of very prospective ground still to explore on the Henty tenement and the new Tullah tenement, and I'll be very surprised if they don't add significant zinc, copper, lead and silver to the mix of resources within the next 12 months.

    Then there's the growing GoldStone story in West Africa, with highly prospective tenements in three countries, and GoldStone's stated intention of handing development and mining over to Unity once they have proven up the deposits, as GoldStone wish to concentrate on exploration.

    Don't be put off by past failures and bad decisions by previous management - this company is likely to surprise on the upside in the near future.
 
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