IMO UMC have gone a diferent direction to the likes of AGO & BRM.
AGO & BRM had targeted discussions with the Chinese for JVs, buyers, investments.
UMC targeted investors (united Kingdom & Hong Kong).
Now you need to look at the share price and think which Companys money has been well spent....UMC investors are moving away in droves to more greener pastures....
The Railway project is a great discovery, it has not gone away, but it may end up been given away next to nix... So IMO Management need to disect what they have been doing, whats going wrong and move forward.
As a share holder I do not know what UMC are doing. 1. Selling the Co or project or 2. Mining 2010/2001
UMC state they will be mining 2010 Mining lease applied for No rail deal No port deal The part where the ore travels from the mine site to china is missing, startrek or stargate.....
I am not a share holder of BRM, AGO & BCI but i know they intend to go to production (mine)
UMC Price at posting:
98.0¢ Sentiment: Hold Disclosure: Held
