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Union Bankshares Inc UNB

Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. Its products and services include commercial loans for business purposes to business owners and investors for plant and equipment, working capital, real estate renovation and other sound business purposes; commercial real estate loans on income producing properties, including commercial construction loans; online mortgage applications; business checking accounts; online consumer deposit account opening, and others.


NDAQ:UNB - Post by User

Comment by theNumberson May 10, 2007 6:08pm
387 Views
Post# 12761733

RE: Thanks R. Bruce Duncan !!!!!

RE: Thanks R. Bruce Duncan !!!!!kddougan, It's nice to see other shareholders appreciate what Duncan has done for the company. For the most part, criticism of Duncan has been inversely proportional to the share price. When the share price rallied, most posters attributed it to molymania. When it fell, they called for Duncan's head. The reality is that UNB is a company today because of Duncan's efforts to clean up the mess he walked in to. In my /www.stockhouse.ca/bullboards/viewmessage.asp?no=14665492&tableid=1>April 15 post I listed a number of Duncan's accomplishments in the short 17 months he had been running the show. It funny how only one month later, many of those accomplishments are now overshaddowed by even greater ones. The company has announced drill programs for both BB and Cannivan. The market had recently been comparing UNB to other moly plays using just a 164 million lbs resource. The reason? Although Cannivan had past reports indicating over 360 million lbs they have not been 43-101 compliant. The new work being done on Cannivan will add that huge deposit to make over 520 million lbs. Thank you Mr. Duncan. Running a public company is no easy feat. I for one, am pleased Duncan focused on the long term success of the company, getting rid of the deadwood and planting new seeds for the future. Than you Mr. Duncan. The company has money in the bank and with the great liquidity and the strong share price, there is no doubt that many of the warrants which had been overhanging the market are now being exercised and sold to stronger hands at higher prices adding to the company's cash reserves. At the AGM we will likely learn just how much extra cash the company has on hand. Thank you Mr. Duncan Today's record trading volume of 7.85 million shares worth over $6.8 million says a lot about the company. When Duncan took over, the total market cap was just over $7 million. What a difference a President makes! Thank you Mr. Duncan. And now looking into the crystal ball will we see new properties, permitting of BB, increased resources, production? In just a year and a half Duncan has made a lot of difference. Imagine the next year and a half. Thank you in advance, Mr. Duncan theNumbers Still Very Long and Never Lost Hope
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