Holding Strong
posted on
Oct 23, 2010 01:06PM
The temptation to bolt has affected very few. The volume of shares actually trading at this price is very very low. Both retail and instu are appear to be holding with confidence. I agree that the NR's we anticipate will jump the SP but I believe the real spike will occur when we sell bullion into the market and the investment industry press reports the news. I suggest that we will all be very happy by Christmas.
Two more months is nothing compared to the years I have waited. Perhaps Don Jose can confirm, but I think these are the hay-days in Mexico. The rainy season should be over and the Mexican Gov't can repair the power supply. Regardless, we have a back-up generator capable of running the mill during interuptions as they ocurr. The efficiency of ore delivery to the mill and the exploration at Xora should become easier now. The big challenge is process and chemistry and the UC team will be polishing that for ever as tailings grade will vary. (Voodoo)
I can understand the news blackout right now because what we are expecting to hear will be a game changer for UC and once we commit to bragging about it, we cannot suffer any oversights or set-backs. (Diligence)
Jim has busted his hump to bring this business plan come to fruition and his personal stake in the outcome is well known to us all. I for one and confident he will deliver and the waiting will have been worth it.
Aafab