I don't think uml has any say in what pbar does with regards to drilling. if they want to stop drilling they will stop drilling.
anyway said enough about sad situation with regards to uml. but lets look at realistically.
If you wanted a time when it was the worst time to see an offer for takeover it is now.
dargues not fully approved, Bendigo not fully sold, henty not fully drilled ( no reserves)
next quarterly wont be till late January, mining at henty stopped, gold price uncertainty, etc....
enough said.
by the way, gold running out on world stage. I wish we could keep UML.
Russia wants to buy all gold mined in Russia. china mines 400 tonnes a year and imports another 400 tonnes.
that's nearly 50% of all the gold mined in a year in the world.
add to that indias thirst for gold and there is not a lot left for everyone else.
aussie mines very important. price in AUD will stay high.
world cant afford second biggest gold producer in the world to not mine.
this company is worth more than 33 million.
come on, lets see another bid!!!!
UML Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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