Replies to post #10229 on UNICO INCORPORATED (AZ) (fka UNCO)

[prspctr_1848]

To ronning999....For anyone who didn't read the 10Q Feb 2006 they need to be refreshed.

Unico were headed for dilution back then.

That was the only way they were going to fund the purchase of the mine; the processing mill and power substation project.

I may be wrong but didn't Mark come in after that?

[trader guy]

Takes money to make money. That's a fact of doing business. Public companies are public for that reason.

If you believe in the company business plan you buy the shares the company needs to sell to raise funds for whatever is needed to bring revenues to the company. In this case, to complete the purchase of the mine and build the mill.

They say they have over 180,000 tons of ore dumps and tailings to process. I don't doubt that number. The dumps shown on google earth and in the pictures look at least that. Estimated value of the dumps is about $188 per ton. And that's using conservative numbers. That comes to between $30M and $40M laying on the ground waiting to be processed.

After that comes the ore from the mine, which will yield an even greater return. Sounds like shareholders are getting their moneys worth to me.

Btw, when are you going to come clean and tell us why this is the only board you post on and why you are incessantly bashing.