the market is a strange place

On 4/10/06 UKD announced:

"Major Iron Ore Acquisition Pilbara Region WA"

Now the sp on 4/10 closed at 16.5 cents and on 26/10 the sp closed at 33 cents. It could be said that some investors initial valuation of the iron ore was 16.5 cents.

On 10/11/06 UKD announce:

"Projects Update"

This report mentioned very little about the Iron Ore and was mainly dedicated to the bauxite update. Whereas the results were not what many were expecting, testing is far from complete and the potential remains for far better results.

We need to be patient and wait for the initial results from this month's sampling program. Two of the iron ore tenements have previously documented substantial iron ore mineralisation. The other sits right next door to BHP's Area C.

If you were to ask me why is the sp currently sitting on 23.5 cents? I would say that the market will only become interested in this stock after the results coming in from their iron ore leases. If the results are good, which I suspect they will be, then we are in for one hell of a merry ride.

As always please DYOR.