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Nice move again today on some solid volumes. THX still lagging though, with a little bit of profit taking there. Still seems the cheaper entry to UMC to me. I hold both.
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In reply to: AgentCooper on Monday 20/08/07 09:30pm

Personally, I really like the story and it sounds like it has great potential but you know - I really don't want to buy it either right now. Everyone's risk tolerance is changing now and we are going to see a flight to quality for awhile now.

I dodged a bullet when I sold these in late July...to be perfectly honest. And at the time I was kicking myself for having to sell at 83/84c on its way back from 110c+!


I wrote the above back on 20th August, 2007.


Cannot believe how quickly things have changed (again) in the broader market.


I am back in at 76c.


Good luck to all holders. I have done well in the interim and now happy to have a speculative punt on this one again. http://www.sharescene.com/html/emoticons/biggrin.gif



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  • 2 weeks later...

I don't think the rise in UMC shareprice is really being taken into account yet in the THX shareprice. Last time UMC was at this level, THX's shareprice was above 70c. Currenlty 48.5 with a market cap of about $50mill.


THX hold:

UMC 20,400,000 @ $1.10 = $22,440,000

UMCO 12,116,667 @ $0.90 = $10,905,000

ROY 1,000,000 @ $0.33 = $330,000

plus some shares in Aldershot listed on TSX


Total stock in other companies is: $33,675,000


Strip this out of the $50mill market cap and we are left with $16,325,000


Copernicus nickel project set to come online in the second quarter of 2008 to provide cashflow, which should net them anywhere between $20-$30m p.a. Lots of drilling results to come in the next few weeks from Francis Maude and Spinifex uranium projects and further drilling campaign at Copernicus. New nickel deposit discovered at Mabel Hill last week also, with Voisey Bay characteristics.


All in all, lots on the go and a tiny market cap once you strip out stock held. I am continuing to accumulate on weakness.



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UMC released their quarterly on friday which stated:


"Assay results from this drilling have been somewhat delayed due to hold-ups at the assay laboratory. However, compilation and interpretation is now almost complete and, UMC anticipates releasing these results by next week."


and also


"The main geological target of the drilling is the highly prospective Marra Mamba Formation that surrounds the Milli Milli anticline, which is centered in our drilling area. This is geologically analogous to the Area C (currently being mined by BHP Billiton) iron ore deposits 20km to the west, which are hosted in Marra Mamba Formation surrounding the Weeli Wolli anticline. It is the anticlines that appear to be associated with the ore forming processes."



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In reply to: kransky on Saturday 13/10/07 09:19pm

Hi Kransky,


Great bit of reading and I certainly look forward to next week.


We all know that they have been hitting the ore , the big question is now how much and of which grades.


Lets see if we get some real fire works next week or hopefully already tomorrow.

We certainly have the right environment to make this baby explode if the drilling results come up with the goods.


And being in the right in the Pilabara next to where the big boys are mining those high grades we must be on a winner.


Time will tell , and this will happen very soon. http://www.sharescene.com/html/emoticons/biggrin.gif



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In reply to: jojosydney on Sunday 14/10/07 09:06am

Yo Ho Ho to Jo Jo Jo.


I did not know you were on UMC (its Vayama!).


Big week for us UMC holders since 25 cents early this year.


Location location must come through.


We are hoping for $2.


Big celebrations all round on SS, HC and at home at T$.


Good luck to all.


V J Marana.

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ahhh, hellooooo ? $1.52 close today ..... and much more to come ...


all together now ... http://www.sharescene.com/html/emoticons/biggrin.gifhttp://www.sharescene.com/html/emoticons/biggrin.gifhttp://www.sharescene.com/html/emoticons/biggrin.gif

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