News we are likely to get?
1. Resolution of the project ownership issues and the "termination of agreement" letter. (Within the next month?). The price of having the termination letter withdrawn will of course be high? We might have to accept a reduced stake in the project (because zinc prices have risen more than the IMIDRO expected? They don't want to give a load of foreigners too much dosh?) 2. The remaining 9 drill hole results and a copper resource statement? (Immediately after the ownership issues/termination letter has been sorted out?)
3. The results of the scoping study and a decision on which low capital cost option to pursue (within the next 6 months? Much later than that and the money will have run out, or alternatively GRAB Capital will screw another massively dilutive deal out of the company, at our expense, as the price of support?).
It is very depressing the Iranian press keeps announcing how may centrifuges they have at Nantaz. They want Israel to bomb the Nantaz research facility so the country can be united in the belief that Ahmadinejad was right all along about how evil the West is? The Iranian Government wants Iran to be a victim, a task which is made easier by saying its research was for peaceful purposes only? And it would provide further justification to clamp down on the part of the population that watches satellite TV and uses the internet to interact with the West? A ban on investment in Iran won't bring about the collapse of the economy before the end of the commodity bull market? A rather bleak outlook at present?
Union stock quotes
Union stock charts
Follow this thread
