URL 0.00% 13.5¢ universal resources limited

Have only been in for a few months so not lived through the long...

  1. 645 Posts.
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    Have only been in for a few months so not lived through the long term. However, looking at the past year compared to the future year I see a number of positives in the road ahead.

    1. Long term price forecast of copper been going up, which is what financing new production will be based on
    2. Finance was hard to come by a year ago, and expensive, so maybe not a bad thing to be on hold.
    3. Merger with VCN, complete with a discount processing plant offers a cheap road to fast production, feasibility study should be largely proven with the processing plant.
    4. With some cash coming in, future development of the URL resources, which are better long term earners.
    5. Hopefully all possible without further dilution of shares.
    6. New management coming with VCN, not followed gripes with previous management, but one would hope merging two managements would give an over all increase of skills.

    None of the above is anything original from me, just the reasons I am holding on positive, for now anyhow. Hoping any drops in price with the new consolidated units are temporary, and the new merged company holds more attraction for new buyers who will look forward and not back!
 
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Currently unlisted public company.

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