the long term., page-12

6699 i don't agree with asteroider completely however

- there was significatn expection on a resource (or even an estimate)

- managment failed to deliver

- the market responded

I belive in the long term outlook for UMC, but a 1st year undergrad could have seen the key objective here was to focus on an area to infill to get a resource and then undertake further exploration drilling.

This would have acehived the re rating expected and underwritten the value far north of where we are. now which unfortunately we are in almost (but completely undeserved) free fall

You know my entry is from 12 months ago so I am still well up, but I expected management to do better by the newer entrants.

Looking forward to any new info at the AGM