Thx Jadewarrior,,,,I tend to agree with you...I am glad they not just focussed on drilling Uranium..I was glad when Graham said they are drilling Iron Ore in SA also...At the end of the day that should be a good foundation IMO...Most Junior explorers have no earnings in order to support growth so all we need is the drilling business to make over a million per year PROFIT and we will be smiling IMO...
I think that the US is in a good recovery so that should support growth of our US drilling business? Right now the OZ dollar is stronger than the Us$ but if this changes longer term and the US strengthens this MAY help us to make better profits from our US operations?
Straits was keen to buy into our SA tenements and drilling started 3 weeks ago so short term we have two different drilling resources expected....I am optermistic..(dome 5,SA)
Its funny that the volume is so high, a friend of mine is a technical trader and he says it could be accumulation? who knows but I have gone from a small holding to a pretty large holding...
This is definately my higher risk stock I have but the reward is also huge IMO
dyor
UXA Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held