URL 0.00% 13.5¢ universal resources limited

don't blame the gfc..., page-6

  1. RRM
    590 Posts.
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    There is nothing good about this company these days. However, I would expect the drilling results to be good - since we do have good land and prospects. The problem I have is the way it is run and the cash burn. Even if the drilling results are superb - I do not see us getting out of this mess anytime soon. Perhaps the share price will surge to 3c only to fall back around the 2c mark again as we burn through more and more cash, waste time with takeovers etc and issuing more and more shares - diluting us further with no progress being made. These guys have messed things up big time. We need miracle drilling results to get back to an average position let alone a good one. How about bank financing, commencing the plant build and getting on with things? How about that?

    This time round they can not blame things on the labs being backlogged with drilling results (as per previous late excuse remarks) - since many companies have stopped exploration or at least slowed things down. So if as I expect, things do take weeks and weeks to get done - then I wonder what management will blame things on this time?
 
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Currently unlisted public company.

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