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UCL 30.0¢

have they got any idea?

  1. rotuma

    461 posts.
    Have these guys got a clue? What is their strategy or business plan? Mining minnow to tech wreck, then back to mining ... pity the shareholders (I wonder how much they lost on their tech losers the last couple of years ...)

    Union Capital to Focus Back in the Resources Industry
    31-01 1243


    Union Capital Limited advises that during this year the Company will
    turn back the clock to 1999 and focus its future investments
    exclusively within the resources industry, going forward.

    Union's focus in mineral resources will result in the Company
    offering for sale its non-resource assets in telecommunications and
    email technology.

    Union's record in minerals resources is impressive for a small
    company;

    (a) 2002: Successful listing of Gold Aura Limited, completed during a
    period when there were very few new gold listings in Eastern
    Australia.

    (b) 2000-1 Successful exploration and pre-feasibility study at
    Mehdiabad Iran, culminating in the discovery of a world class silver
    and lead-zinc resource, at a time when there were very few new major
    minerals discoveries globally. This project should proceed to
    development in the next few years.

    (c) 1996-7 The successful exploration of Fergusson Island in PNG
    culminating in the discovery of significant gold resources at Gameta,
    where new owner Gold Aura will shortly drill under the known gold
    resources.

    (d) 1994-6 A successful gold miner in North Queensland.

    Union expects the Exploitation Licence for the Mehdiabad Zinc and
    Silver Project in Iran (Union 32.5%) to be granted fairly soon, after
    which work will commence on the bankable feasibility study.

    New mineral projects will be introduced as opportunity occurs.

    R Murdoch
    MANAGING DIRECTOR

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