Hi Geoffsh, after sitting on the sidelines for a while, I've decided to buy back in to UML, mainly because I believe that Henty is going to prove its worth in the near future.
The GoldStone story will be a bonus as far as I'm concerned, but it could turn out to be a very big bonus. The people on the ground in Africa are obviously familiar with the geology of the areas where they are exploring, and they have indicated that they wish to do the exploring while UML look after the mining.
Although I have reservations about some of the political regimes in Africa, the fact that GoldStone are already operating in three different countries (and there might be others to follow) spreads the risk, and we could end up with some quite extensive gold production at low cost.
Looking forward to the next quarterly, with Henty production figures.
Cheers,
Mike
Hi Geoffsh, after sitting on the sidelines for a while, I've...
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