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