Could have they (umc directors + Mowbray/Theseawolf) have planned it all? I explain:
1. they foud the good grounds (UMC grounds) 2. they disgust the shareholders by selling a piece of the ground for pea nuts 3. UMC managemt transfer tenements to a Company X, shareholders don't follow. 4. UMC managemt have already bought in advance all the shares at very low price (VNS shares) 5. VNS Drills and suddenly find some High grade IO...Oups! 6. some shareholders jump in as if.... 7. BHP come around, buy and pay a bit more generously than they paid for Railway specially because there is plenty more IO.
Conclusion: Barry + Matt + Mowbray make a fortune BHP is happy with them and it stays in Family.
It all a long set up but profitable business.
Is that it TW i guessed it right?
UMC Price at posting:
$1.27 Sentiment: None Disclosure: Not Held
