vns to change its name, page-17

Hi (theseawolf)

Some points you make could be valid,others like buying when the charts said the share price was low so buy was evident to every one.

Australian dollar against US$,yes will make a difference,but so will the fact the Chinese,Koreans,Japanese and Indians are gearing up for unprecedented iron ore demand in the future.
Any company with good quantities of iron ore at a lowish cost to mine will do well because of quantity shipped,especially if Chinamax ships are used more and more.Also it has been said this last week that iron ore prices will be going up over the next few years.

Regardless of what you say or think,I believe the UMC tenements have a huge amount of high grade Marra Mamba,Brockman and high grade CID,Detrital,Pisolite and Itabirite type iron ore.

What is their excuse for not delivering the drill results that are still outstanding?

What changed so quickly from CRM deal being great for UMC at $1.35 per share,to BHP deal being great for Railway tenement for UMC share holders at $1.30?

What has changed that mining by early 2011 is now not going to happen?forward planning does not change that quick,no matter how bad a company management team is.

What is their excuse for not keeping share holders up to date on the Bauxite tenements?

Felix deal has been approved by FIRB.

Why were share holders not told that their was interest from a big iron ore player back in January?

Why have UMC not announced to share holders what they are looking to do about the other UMC tenements?

Are we going to be shafted again by UMC not putting the other tenements up for sale to the highest bidder?

Are Directors going to look after them selves and their associates by moving the other UMC tenements over to Venus with out asking or offering share holders a say?

If UMC management could not get Railway and the other tenements to a mining stage in the heart of iron ore country,with so called experienced management team,what chance do they have with less then half a team of experienced iron ore management group?

Are UMC management going to try to tell us that they will move the other tenements over to Venus at a value of 30c while Venus are a higher price. But seeing we are good people and look after our share holders we will give you 1 UMC for 1 Venus?

Regards
Westcott.