Today is the last trading day on UC for 2009, and I for one am very glad that it’s over. Twelve months have passed, and we have spent a wad of cash to reach 40% ownership of the RoF properties. Perhaps we have already spent enough money to qualify for 55% ownership and operating privilege.

Should we be complacently satisfied that we now own at least 40% of the VMS 1 & 3 deposits referred to by our friend GoldBarron on 12/30? (exerpt … a resource study came up with inferred estimates of approximately 1,000,000 tonnes grading Cu at between 3.75 to 2.13 and Zn around 1.0% … Tks GB)

We also know lots of places where there is no mineral value. In fact we have drilled dusters everywhere we chose to spud a drill over the past two years.

Do we miss Neil Novak as our VP of exploration? Or is our JV partner (SPQ aka NN) contributing his expertise to our drilling program? Nuf Sed.

One thing that is obvious to me is that we cannot continue to target pretty colours on the map and spend SP dilution $$$. A wise guy once shared an adage with me that went something like this ‘Insanity = trying the same thing over and over again expecting different results’

The situation at La Yesca is embarrassing. We hope for a charity cheque from a third party to move this initiative forward. We own the (super duty solve all of our problems) ball mill and can’t figure a way to get it delivered to location? This Mexican ship has sailed and we are hoping the mill does not corrode beyond value.

I truly believe that the initiatives voted on at the AGM were designed to put us in position for sale at $0.24. At this point we have not seen the minutes from the AGM to even know if these initiatives were passed, but being no stranger to strategic positioning, I believe that we should all accept this writing on the wall.

Once again I refer to GoldBarron 12/30 post where he states “with the rights plan in place, all shareholders who hold their shares are entitled to purchase an equivalent number of shares based on their holdings at 50% of the value at the time of a takeover bid”. This allows us all to calculate and achieve our breakeven or maximize our profits at the last minute.

I for endorse GB’s perspective that UC has positioned themselves for takeover. Euthanasia would make 2010 a very good year and would be a merciful end to the pain.

I don’t know how long this post will last as I am sure I will be censored again (claims substantiated of interpreted otherwise). Nevertheless I extend my kindest wishes to the UC forum participants for a Happy New Year

Aafab