URL 0.00% 13.5¢ universal resources limited

URL management are yet to get a EIS - or an Environmental Impact...

  1. RRM
    590 Posts.
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    URL management are yet to get a EIS - or an Environmental Impact Statement approved. Banks will require this before even considering finance. If I recall - this has been going on for over 2 years now. I am now fully out - happy to wait and see if these guys can get something going. Not holding my breath. That is why I was really hoping that the previous announcements were to do with a takeover - the sooner this management mob move on the better. Once again, URL have strangled this company. It appears they can sit back, take their salaries and wait things out. When cash gets tight, you as the shareholder will suffer again - as with the previous capital raise at the insulting price of 1c a share. As I noted several months back - this was totally disprespectful to shareholders - it may have kep the company afloat - but it diluted us to bits. I am now not prepared to invest until such time that management move on, or until such time that something very certain and beneficial is announced.
 
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Currently unlisted public company.

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