UML unity mining limited

Thanks FB, and good luck to you too; I really do sympathise with...

  1. 1,491 Posts.
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    Thanks FB, and good luck to you too; I really do sympathise with you regarding your investment in BDG/UML. I too lost money on BDG, but managed to claw it back with a few trades.

    The reason why I came back into this stock is that I have for a long time believed that there was a lot more gold at Henty (and potential for finding a variety of other metals too), and with modern exploration and mining techniques, I think that Henty could be quite profitable for an extended period (maybe up to another 8 - 10 years, depending on what the geos and drillers turn up).

    For anyone who is interested, an interview on Boardroom Radio yesterday with the MD of BSM would be worth listening to. BSM have the Hellyer mine to the north of Henty, and the Lake Margaret prospect just south of Henty.

    The success of GoldStone in picking up some very valuable tenements in West Africa has also generated more enthusiasm for this stock, and if UML strengthen their position as the cornerstone investor in GoldStone, there could be some very rich pickings to be had well before the income stream potential from Henty starts to decline.

    Also, I haven't written off Bendigo. Some innovative exploration could still see a profitable operation start up again on the Bendigo holdings.

    And on top of those matters, I still see a possibility of BSM or some other company making a takeover offer for UML.

    Regards, Mike
 
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