"Whilst credit markets remain difficult, the directors believe that financial market conditions are showing some tentative signs of recovery. A number of financial organisations have opened discussions with the company with a view to providing finance for the development of the Roseby Copper Project. The company is pursuing these discussions. However, it is important to realise that market conditions remain difficult and successful financing of the Roseby Project is likely to take some time to complete.
Universal confirms that there has been no progression in this regard that warrants an announcement since release on 30 April 2009. These discussions remain incomplete and confidential."
URL Price at posting:
16.0¢ Sentiment: ST Buy Disclosure: Held
