uml announcement, page-2

As all of us who have been associated with BDG/UML over a long period know, there has been a lot of shareholder dis-satisfaction with the company's performance in the past, so the change in management will probably be viewed in a favourable light by most long-term holders

I believe that with the concentration on Henty, and the 'new' Tullah tenement to the north of Henty, we should see some very good results over the next couple of years (barring some unexpected catastophe). Further drilling at Henty could well turn up some more very high grade zones, and Tullah could prove to have some good gold, silver, zinc and lead grades.

The GoldStone story continues to grow, and could well be a long-term big earner for UML.

I have to admit that I didn't expect the SP to get down below 13 cents again, and I hope that the market soon re-rates UML to where it should probably be at this stage - in the mid 20s.