Can't really argue with some of the logic of these recent posts,...

Can't really argue with some of the logic of these recent posts, although I do think it's very likely that Henty will prove to be more profitable than Kangaroo Flat has been, and the money spent recently on stoping and accessing higher grade ore at Henty will soon pay off, especially with the POG heading north. The Tullah tenement adjoining Henty also holds considerable promise, and concentrating all the mining and exploration efforts in the Henty area should improve efficiency and profitability.

However, the big unknown is whether the rumoured takeover is going ahead, and if so, on what terms. I believe that there are some significant signs pointing to a probable takeover offer, and if there is a concerted effort to keep the closing SP under 8 cents for the next few days, I wouldn't be surprised to see a t/o offer announcement next week.

Nothing is certain until it happens, of course, but if we do get an offer, and if it's all scrip, I'm hoping that the theoretical value of UML shares will be at least 12 cents, and that the offer will come from a company with bright prospects. In fact, I'm still hoping (and almost expecting) that it will come from BSM, and I believe that their share price will significantly outperform the sector over the next two to three years. They are already producing zinc, lead, copper, silver and gold profitably, and the next 12 months should see a dramatic increase in their production.