I have been watching UXA for a few months. Recent talk on here seems to be about TA and little more, the SP movements also seem to show this TA influence IMO. There has been no mention of the Teck JV either which for the dome 5 prospect could leave them with as little as 15% of the project. 1 or 2 m intervals at ~300 m below surface is not what UXA can afford to be chasing IMO.
Fundamentally the company has released no earnings guidance for the PFN business, or other logging operations. If these were positive i.e. say greater than $2 or $3 million PA surely they would mention it.
The NT uranium looks promising as do the Indian partners. I think despite the TA influence the company is properly priced at a market cap of ~$20 million, not sure why it was trying to go higher.
UXA Price at posting:
5.4¢ Sentiment: Hold Disclosure: Not Held
