Personal view is there is no extraordinary factors relating to UMC built into current price. They have always had the UMC holdings as a back up, and THX did not hit 60c when UMC hit $1.30 earlier on the year, it actually stayed quite stagnant in relation to UMC's price.
THX has taken off since the words "exceptional and spectacular" hit the ASX headlines early September.
Was Mr 28 dumping for ages, but he got taken out with the word "spectacular"
Am currently waiting on the word "stupendous" to appear on the release of one more set of assays, which maybe coming through this week. This may confirm one monster of a deposit, if so, check out what EXT did.
This could be one of the best U plays on the ASX, but I'm biased I spose so check things out for yourself.
Kind Regards,
TCG
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