umc worth $200m no rail, page-5

Many on the UMC thread hoping for a counter offer,but seriously,how much could a counter offer be?.Even if it was $2 a lot of long termers would still be under water.This is an unmitigated disaster for the investors in the landlocked Pilbara hopefuls.Tie up your money for the promise of production god knows when,only to sell out to railway operators for chump change when management finally realise there is no viable or timely way to move the ore to a port.