very disappointing management. and extremely poor share price performance. People have lost faith in this one. Also very low grade ore. I think they are pushing it to get into production in 2008. Sounds like copper co had it right. They said the capex needed was closer to 200 mill and URL denied this - and after selling out to Xstrata the prefeasibility revealed that indeed was more than 200 mill capex. Finally huge overhang. And no news on confirmed financing at this late stage. Remains unloved and will be unloved until they are very close to production i reckon. Best hope is a short term rally only before overhang cuts in.
URL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
