![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, March 25, 2012 11:32:31 PM
key points:
Share structure
Shares Outstanding 749,193,794 a/o Jan 13, 2011
Float 538,974,794 a/o Jan 13, 2011
Authorized Shares 750,000,000 a/o Jan 13, 2011
Par Value 0.001
2. Last Annual report analysis
Last 10-K from Jan, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=UMNG&id=42179
Total revenue $875K, Net profit $400K
O/S 750K and maxed out
At P/E = 10, the market cap should be $4 million or PPS = $0.006. p/e
10 has 600% potential.
3. Reverse merger company
UMining Resources Announces that Fraser Gold Has Purchased UMNG
Control Block. -
http://www.prnewswire.com/news-releases/umining-resources-announces-that-fraser-gold-has-purchased-umng-control-block-111413364.html
UMNG has a good % of control in Fraser gold private company.
Look at fraser gold company on facebook :
http://www.facebook.com/pages/Fraser-Gold-Inc/181718351862296
Fraser gold looks like a big company. So potential for UMNG on
revenues a speculative of R/M could be huge. Also o/s maxed out. so it has a good chance
of running.
50 and 200 MDA crossing
http://stockcharts.com/h-sc/ui?s=umng
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM