UMC will go down again this week...high oil prices will make it too expensive to produce ore and this reduce confidence in small ore stocks...
Expect it to fall to below $2 again before JORC ann...given volatile market - accumulate around $2, price is currently too expensive....
US market was closed to due July 4 but FTSE market down on friday...expect ASX to drop again this week
My opinion...
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- umc likel to fall again this week
UMC will go down again this week...high oil prices will make it...
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