sub 10 cents!?!, page-5

WOW, I did not think .10 would be breached.

Since the merger, the dynamics of the company have become different, .10 cents sure would have held if the company was still pre merger.

Before the merger, UML had a cash balance of $40 million, it was that cash in the bank which held a solid floor at .10, unfortunately that is now gone or soon will be and replaced with 30 million in debt assuming the cost of the plant comes to 70 million.

Management MUST this quarter show show good profit from Henty, no more of this 'produced 15,000oz broke even' crap.

Anyway, I will continue to hold, I am not too concerned. All time low is .081

Gold price is not an issue, average price in AUD in 2012 was $1600, it is currently $1532 so only down $68 from avg of last year.