No worries Sava, personally I wouldn't touch them with a 40 foot pole. Dodgey CEO in my view and way over market capitalised for the stage of development and risk.
I got into UMC at a market cap of around $35 million. It had 2 potential promising resources, the best nearology in Australia (Pilbara central area C) and historical drilling results.
I recently bought more at $2.09. Now far more derisked in my view with a 110 million tonne DSO JORC.
Management deliver in spades.
UMC Price at posting:
$1.53 Sentiment: LT Buy Disclosure: Held
