I hear what you are saying regarding a possible tender or auction for Mehdiabad. What occurs to me is that, considering we are currently in dispute with the Iranians with regard to ownership of the resource, and we are in possession of the intellectual property, who would be keen to bid if the resource is in dispute? Would anyone be keen to commit the enourmous sums required, then find out at a later date the resource is not their's?
One way out would be to do a deal with UCL prior to bidding, that in the event of success, we would drop our claims and turn over the I.P., if the price is right.This would be a favourable turn of events for all concerned.
Just a theory. May explain current interest in the company.
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
