There is a problem with the total takeover from CRM. Whats to stop them from selling the ore for 50 cents. This is not going to happen but you know where I am coming from. I agree CRM can get up to 14.99% without any fuss and kick the board out via EGM. CRM can put its representatives on particularly since they are putting up rail, customers, and loans potentially but the complete nature of the board needs to be representative of all shareholders as a separate entity from CRM even though it can glady work with CRM to work with their goals in terms of providing ore etc at reasonable prices for all stakeholders. The question is how to fill the board and management vacuum to keep every body happy excluding existing directors and BHP.
UMC Price at posting:
$1.27 Sentiment: Buy Disclosure: Held
