UMC - United Minerals Corporation

[kransky]

with than many targets drilled on great tenaments in a rich iron ore area i expect the results to be good!

and as a safety net the bauxite agreement/MOU must have this company worth more than the current 80M..

 

[spooly74]

with than many targets drilled on great tenaments in a rich iron ore area i expect the results to be good!

and as a safety net the bauxite agreement/MOU must have this company worth more than the current 80M..

Short term it`s all about the initial results from the iron ore, the drilling was only to about 50m but covered a large area, some decent hits here would be a fantastic start.
As for the bauxite, it has the makings of quite an impressive safety net.
Below is an article from the FR about a month ago.
(Broken up for file size)

 

[kransky]

up around 8% to 68c on larger than normal volume today... might be a sign that the iron ore drilling results are going to be released very soon.. or the bauxite talks are going really "well"

 

[yuyry002]

Hi all im new to this forum and this is my first post (im here to learn and make money)

up around 8% to 68c on larger than normal volume today... might be a sign that the iron ore drilling results are going to be released very soon.. or the bauxite talks are going really "well"

Been holding umc for a while and im still waiting for those iron ore drilling results. Hopefully its good results.

 

[kransky]

well its finished the week at 94c.
We just have to wait and see... it was 194 drill holes so i guess that is a lot of lab work....

but isnt this a pretty picture?

 

[yuyry002]

still no ann out.dont know how long do we have to wait.

going very strong this afternoon from low 0.84 to 0.935 now.maybe ann is very close.

holding

 

[Broadside]

My guess is we'll see an announcement in the next week or so...not far away at all. Fingers crossed but no reason to think it will be bad.

 

[yuyry002]

finished at 0.97 today. going really strong this afternoon.

dont what was going on today but it is definitely a good sign.

 

[kransky]

Quarterly is out. It says the Iron Ore drilling results will be out next week.

could be a big week

 

[aussieboy2010]

Has the ship sailed on this one?

Price could start at a premium tomorrow when the market opens as traders get in anticipating/hoping for a great report.

 

[spooly74]

Has the ship sailed on this one?

Price could start at a premium tomorrow when the market opens as traders get in anticipating/hoping for a great report.

Sure did aussie ... Big gap up today to $1.40 past all time high.

Interesting to see if it can hold onto the gains through the day

 

[michael_selway]

Sure did aussie ... Big gap up today to $1.40 past all time high.

Interesting to see if it can hold onto the gains through the day

Does anyone know the mine life of UMC and when it is expected to be producing?

thx

MS

United Minerals Corporation NL (UMC, formerly United Kimberley Diamonds NL) is an exploration company with the projects located in Western Australia. The company added iron ore and bauxite to its diamond exploration interests and consequently changed its name in November 2006.

 

[spooly74]

Does anyone know the mine life of UMC and when it is expected to be producing?

thx

MS

United Minerals Corporation NL (UMC, formerly United Kimberley Diamonds NL) is an exploration company with the projects located in Western Australia. The company added iron ore and bauxite to its diamond exploration interests and consequently changed its name in November 2006.

No resource yet Michael.

The current hype I suspect is over Iron Ore results due from 'Jocelyn'.

Map of their tenements and neighbours.

 

[Santoro]

Does anyone know the mine life of UMC and when it is expected to be producing?

thx

MS

United Minerals Corporation NL (UMC, formerly United Kimberley Diamonds NL) is an exploration company with the projects located in Western Australia. The company added iron ore and bauxite to its diamond exploration interests and consequently changed its name in November 2006.

thx - funny cause THX own 20% of UMC...maybe not funny depends on your sense of humor..............................

 

[aussieboy2010]

Sure did aussie ... Big gap up today to $1.40 past all time high.

Interesting to see if it can hold onto the gains through the day

Got in at $1.38, certainly risky since i'm going off a high base. Trading halt atm on UMC, hopefully good news either tomorrow or Thursday. THX holds a lot of UMC stock so if you're bullish on this one then THX might be a way to get in through the back....

 

[Broadside]

Got in at $1.38, certainly risky since i'm going off a high base. Trading halt atm on UMC, hopefully good news either tomorrow or Thursday. THX holds a lot of UMC stock so if you're bullish on this one then THX might be a way to get in through the back....

the drums are beating loudly that this is going to be a ripping result tomorrow morning, good luck to holders. :

 

[wipz]

the drums are beating loudly that this is going to be a ripping result tomorrow morning, good luck to holders. :

If this is the case UMC will definately have a ripper of a day. See attached chart, SP today has smashed upper band & MACD looking very strong.

 

[Sean K]

If this is the case UMC will definately have a ripper of a day. See attached chart, SP today has smashed upper band & MACD looking very strong.

RSI is in overbought territory too and it's shot out the top of the BB. Caution is warranted IMO if thinking short term trade.

 

[Broadside]

RSI is in overbought territory too and it's shot out the top of the BB. Caution is warranted IMO if thinking short term trade.

I believe what happens today will be determined by the fundamentals revealed in the drill results

It's the age old argument. I agree it is best to be prudent but it has excellent prospects going forward.

 

[BigJohnny]

Norsk Hydro has taken 75% partnership with UMC to recover bauxite and produce alumina in WA.

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-20938618.htm