Sorry - I can't help you - all I can say is that whenever there is strong buying someone always comes in and sells into it - i made this point a month or so ago and I agree its very frustrating to watch.
I also can't understand why management isn't continuing with the buy back - if they want the share price to rise then they need to be consistent with the buy back - I watched a few other buybacks over the years and it usually takes some time to soak up the excess liquidity.
As I also said previously management should promote their discoveries more - there were some good results in the last quarter and they were hidden away in the activities report.
I'm still holding the stock as sooner or later I think someone is going to make a takeover bid if the price doesn't rise to either get a backdoor listing into Africa via goldstone or cash in on the $65 million plant and equipment which given how costs have risen could be worth more than the market cap of UML itself.
UML Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
