rio want to mine iran...y not ucl
as above was reading story about RIO trying to get a foothold in the upcoming boom area...u guessed it IRAN!
so if its good enough for rio then why not Union Capital?
And remember they are finalising a 600MILLION $$$ political risk insurance.
Add the fact that they have nearly 10 MILLION $$$$$ sitting in the bank ready to get the project going- It is starting to look pretty obvious the direction this one is headed!
comments?
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held