UNICO- Eine Wette wert ?

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    Unico Incorporated (Arizona) (UNCN) has options in three mining developments of which subsidiary Deer Trail Mining is the leader. If ever you wanted a real highly speculative penny stock with huge risk but huge potential upside this is it. The chart is a disaster. It recently fell out of bed from 13c to 3c in a month. But the oscillator at the bottom is not confirming the new lows and setting up a buy divergence. DO NOT pawn your mother-in-law and invest in this stock. This is a petty cash nibble for penny stock portfolios.

  • UNCN.OB (UNICO INC)
    http://www.uncn.net/
    Ray Brown, 530-873-4394
    90 mil shares (about, in June, 2004)
    @ $.04/share
    $3.6 mil MC
    Three main properties:
    Bromide-- 372,000 ounces of gold?
    Silver Bell--15 mil oz silver?
    Deer Trail --287,000 ounces of gold and 27 million ounces of silver... but the lease on the Deer Trail will expire September 1, 2004 ($1 million payment due, plus fees (this money was successfully raised this week) or August 31, 2005 ($4 million total due), so they need to raise a significant amount of money.
    49 mil oz. total.
    $3.6 mil MC / 49 mil oz. = $.07/oz.
    You have a lease on "approx" 93 ounces in the ground for 1 oz. silver's worth of stock.


    Additional comments: Unico successfully was de-listed from the Berlin stock exchange, at their own request. Many small cap silver miners were recently listed there without their consent or knowledge, and have since requested to be de-listed. Apparantly, the Berlin stock exchange was a location where people could engage in unregulated "naked short selling", which is selling shares that they do not own, which can depress the price, and is similar to the selling of endless futures contracts which depress the price of gold and silver bullion.


    This is also an example of the danger of these very small market cap stocks. It's as if they trade "by apppointment," and are not very liquid--as they are difficult to buy and sell in large quantities.


    August 16, 2004 Unico Inc. Raises $1.2 Million From Private Investor to Secure Lease of Deer Trail Mine
    Unico Receives First $250K of $5 Million Equity Financing Commitment from Compass Capital Group Mon, Jul 26
    Unico Receives Additional $300K as Part of $5 Million Equity Financing Commitment Aug. 4th.


    This is a significant development for Unico. They may well secure their lease on the Dear Trail property. Depending on the ability of the private investment group to follow through, Unico will be able to buy their option. Unfortunately, the press release does not list the share price of the deal, but I assume it's 10 cents. $5 million, at 10 cents/share, might be another 50 million shares, and also unfortunately, there is no information in the press release about any options or warrants. But Congratulations, Unico!


    Unico Inc. & Crown Mines, L.L.C. Agree to Modify Terms Regarding the Deer Trail Mine in Marysvale, Utah-- Lease extended to August 31, 2005!


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    http://www.gold-eagle.com/editorials_04/roffey082604.html

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