Take the money and run !, page-6

First 6 Last

Share
Profile

Follow
afd

2,216 Posts.

674

08/12/15

07:11

Post #: 16565583
Share

Originally posted by emanon069 ↑

Very good points - made - the biggest two risks will be known in hindsight:
If bendigo Sale does not complete and UML stuck with $6M+ plus in enviro rehab that would kill all projects on their books for at least 3 years. No bank will fund UML until that liability is gone.
If permitting at Dargues delayed further or greenies go feral thats another 12 months on top of 15 month development time so cash will be gone.
Without no reserve / resource in near term to back it up from henty and its tough to see it back in production at the rate they're drilling (slow).
In a very tough funding market its best to be producer or explorer but getting stuck in the middle as a development play is ticking bomb without a "big brother" investor.

Board must be negative on the risks - if risks hit Directors look like heros - if not they are trigger happy - look at bright side - we get to see the bid at 60%+ at minimum instead of the board trying to keep itself employed as no role for any of them going forward if bid happens - unusual for Boards to vote themselves out of a job in this market ? none of them are full time execs or have contracts (nothing disclosed) like Mcilwain who walked out with a truck full !
so if nobody turns up ahead of the vote to outbid - I am over and out ! good luck UML shareholders

Expand

Actually if you have another read of the document you will see that one or all of the uml directors can be nominated to get board seats.

UML Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Take the money and run !, page-6

Top Stories

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Featured News