Extract from the Australian article (Matt Chambers, online 17...

Extract from the Australian article (Matt Chambers, online 17 October):-

"The mechanism by which United is expected to ditch the CRM deal is by not signing a three million tonne a year offtake deal the CRM placement was conditional on."

Whereas most small shareholders read the inclusion of a 3mt pa offtake agreement as comfort in having a future client (and an implicit indicator of UMC's plans to actually mine), it appears to have been an out-clause for Hogan, once the bid was flushed out from BHP...

Sentiment - absolutley disgusted - I will vote NO !