UCL ucl resources limited

saudi listing for ucl???

  1. 5,233 Posts.
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    A comment from the company website re the financing.

    5/9/2006 9:03:34 AM - Financing
    Shareholder Comment: Regarding the last comments, have you considered raising capital on stock exchanges more favourable in working in the region or who are in the region. I was in Dubai earlier this year and they were raving about the Saudi Stock exchange. Funds from these groups/regions are less likely to suffer from the "chicken littles" everytime something political pops up as they are used to it etc. Maybe China or Russia?

    Union Resources Reply: I think that most of the funds will come from the region, which have enjoyed bouyant oil prices of recent time, so the financial markets in the area are under consideration.

    Kind wishes

    Rob
 
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Currently unlisted public company.

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