UNB-V...umm...news...

Way down today..glad I sold at .295

UNB was one of my October picks, opening at 18 cents at the start of the month and running as high as 32 cents, on very high volume, about the third week of the month. I posted at the time that "I hope some of you took some profit when it went over 30 cents" because that is when I sold most of my shares, the remainder sold at 27 cents a few days later. My comment is that the nrs prior to this last corrective one clearly suggested a profitable mine, so the market punished the stock because it felt it was misled. It may recover some on an immediate bounce up, but then imo, more likely to stay at a downward drift. That's just my opinion so take it for what it is worth. Hope this helps.

Now sitting at 19 cents ....

Anyone have a link to getting the upto date moly prices without requiring a subscription ?

Thanks.

News

United Bolero Announces Filing of NI 43-101 Technical Report and Closing of Private Placement


Further to the Company's December 8, 2005 press release, the Company is pleased to announce that it has filed, on SEDAR, a technical report relating to the Company's Bald Butte project. The technical report is now in compliance with the requirements of NI 43-101 and Form 43-101F1. As was previously disclosed in the Company's December 8, 2005 press release, as a result of the review by the British Columbia Securities Commission, the Company advised that there were certain deficiencies in respect to its previously filed technical report. In addition, the December 8, 2005 press release also stated that the Company suspended its web site to make corrections and modifications.
The Bald Butte molybdenum deposit is a quartz vein molybdenite stockwork system occupying the southwest flanks of Bald Butte. The property covers 320 acres on 22 patented claims within Lewis and Clark County, Montana. The Company conducted a limited percussion drill program consisting of 50 holes in 2005 on the Snowbird and Eureka claims and identified a very near surface zone (30-60 feet below the surface), of molybdenum mineralization grading in average in excess of 0.10% Mo. Block model calculations from the 2005 United Bolero 50 hole percussion drill program resulted in estimating an "Indicated Mineral Resource" of 390,000 tons @ 0.13% molybdenum. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Reference is also made to the Company's December 8, 2005 press release, as filed on SEDAR on December 9, 2005, for the Company's drilling results on the Bald Butte Project.
The foregoing scientific and technical information has been prepared or reviewed by John P Thompson M.Sc., P.Eng. of John P Thompson and Associates and Michael Hastings Sandidge, P.Geo. Both Mr. Sandidge and Mr. Thompson are "qualified persons" within the meaning of NI 43-101 and both are independent of the Company.

With the filing of the NI 43-101 report, the Company's second tranche of its non-brokered private placement, facilitated by Aberdeen Gould Inc. (www.aberdeengould.com), has now closed. Specifically and notwithstanding the Company's December 2, 2005 press release which was issued prematurely and in error, the private placement consisted of the issuance of 3,660,000 units at a price of $0.20 per unit for gross proceeds of $732,000. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one further common share of the Company at a price of $0.25 per share for a period of two (2) years. The proceeds of the private placement will be used for working on the Bald Butte project and general working capital. In connection with the private placement of units, the Company paid a cash commission of $73,200 to Aberdeen Gould Inc. ("AGI") and AGI also received agent's options on 366,000 shares exercisable at $0.20 for two years.

In addition, the Company announces that it has also closed a private placement of "flow-through" units. Specifically, the Company sold, on a non-brokered basis, 850,000 units at a price of $0.20 per unit for gross proceeds of $170,000. Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase a further common share of the Company at a price of $0.25 per share for a period of one (1) year. The proceeds of the private placement will be used for working on the Company's Chong property. In connection with such private placement, the Company paid the following cash commissions: $1,500 payable to Cannacord Capital Corporation, $1,000 payable to Bolder Investment Partners, Ltd., $10,500 payable to Aberdeen Gould Inc. and $1,500 payable to Arlen Mifflin and issued agent's options to AGI on 52,500 shares at $0.20 for two years and agent's options to other finders on 12,500 shares.

The securities issued pursuant to both private placements are subject to a four month hold period ending March 29, 2006. The securities and funds issued in connection with both private placements have been held in escrow since November 28, 2005 - the originally scheduled closing date. However, as a result of the Company having to revise its 43-101 technical report, it was decided that all proceeds and securities related to the private placement would continue to be held in escrow until the Company complied with its obligation to file a technically compliant 43-101 report.

As was stated in the Company's December 8, 2005 press release, effective December 7, 2005, R. Bruce Duncan has succeeded Mr. Blair Naughty as President and a Director of United Bolero. Mr. Naughty remains with the Company in a corporate development role. Since December 7, 2005, Mr. Duncan has worked very closely with the Company's Directors and their employees to oversee the corrections required to the Company's 43-101 technical report as well as many of the Company's disclosure weaknesses. Effective with the appointment of Mr. Duncan on December 7, 2005, the Company announces that Mr. Duncan was awarded an option on 200,000 shares at a price of $0.165 per share for a period of 5 years under the Company's stock option plan.

So this sounds like good news to me ? But who knows, I've been wrong before.

NEWS

United Bolero Acquires Copper-Gold Prospect Adjacent to Coronado Resources in Madison County, Montana
1/30/2006

VANCOUVER, BRITISH COLUMBIA, Jan 30, 2006 (CCNMatthews via COMTEX) --
United Bolero Development Corp. (the "Company" or "United Bolero"), (TSX VENTURE:UNB)(PINK SHEETS:UBDVF)(FWB:U7N) is pleased to announce the acquisition of prospective property in the Silver Star mining district, Madison County, Montana adjacent to, and on strike with, property being explored by Coronado Resources Ltd (TSX VENTURE:CRD) named the Madison property. On January 26, 2006, Coronado reported assay results of drill hole #C05-6 on its Madison property of 41.05% copper over a core length of 27 feet within a larger intercept of 64 feet grading 19.24% copper. Additionally, Coronado reported gold assays further down the hole of 54.4 feet of 0.354 ounces of gold per ton.
The Copper Star group of 4 claims was staked by experienced personnel from the company's wholly owned subsidiary, Montana Molybdenum Corporation immediately after the Coronado announcement. Hart Baitis PhD. (geology) assisted the staking crew by making available his extensive library of geological information on the Silver Star district. Dr. Baitis specifically recommended that the company efforts be directed to acquiring ground covering the contact between the Madison Limestone and the intrusives in the Silver Star mining district, concentrating on areas prospective for skarn-sulphide deposits. During the staking operation, oxidized gossan as well as copper stained (malachite and azurite) material were found on surface (float) on the properties acquired.

The Copper Star land package is contiguous with, and lies to the east and south east of the Coronado Resources Ltd. ground. The Copper Star land package is on federally administered (BLM) public lands, in a known mining district, and is easily accessed by 4 x 4 roads within 2 miles of State Highway 55 and the village of Silver Star.

President R. Bruce Duncan states, "While our primary focus is to move the molybdenum operations forward, and in particular the Bald Butte operations, as well as a recently announced drill program in Red Lake, the significant assays that came out of the Coronado camp were viewed by management as an opportunity that could not be ignored for the stakeholders of the company. The team at Montana Molybdenum were able to react quickly, doing a superb job of identifying what they felt were the most prospective lands surrounding the new discovery and staking them within 24 hours of the announcement of the Coronado discovery."

United Bolero is listed on the TSX-Venture Exchange under the symbol UNB, as well as the Frankfurt Exchange under U7N and clear under the symbol UBDVF in the U.S. For more information, please visit www.unitedbolero.com.

On behalf of the Board of Directors

R. Bruce Duncan, President

UNB looking good this morning with the news - up 22.5% (to 24.5 cents) now with huge volume.

Wow! It just touched 28 cents (up 40%). She's bound to slow down at some point here, though. Anyway, it's turning out to be a great Monday morning!

Good luck to all.

got in at 0.145 and out at 0.27

It's been a wonderful three weeks.

Cheers