"Look whats happened to all other juniors that thought they could be picky."
well look at whats happened to those that have done deals as well... IOH MGX AGO ...to name a few off the top of my head. they havent been spared the pain, and MGX is in production!!
bottom line guys - there is absolutely nothing management can do to stop the bleeding. Absolutely nothing.
this bear market is just too strong. simple as that. take a look at any company, any announcement, be it good, great or bad, they are all down by 50-99.99%
but consider this, most people bought into this stock 18months ago at these levels minus a world class resource. why are people so upset at getting the chance to top up at those levels again knowing that it has a 110mt high grade low impurity DSO deposit behind it, and that the current SP is due to a global meltdown which is beyond managements control or influence??
especially if u subscribe to seawolfs $3 by xmas theory...haha hope ur right wolfie...
UMC Price at posting:
37.5¢ Sentiment: LT Buy Disclosure: Held