Ann: Appendix 4D and Half Year Accounts , page-5

I would not invest my life savings into UXA BUT you also have to remember you talkingabout a company with a MC of just over 3 million...Tha same price as an expensive house?

They have two drilling businesses, one in Oz one in USA,,,,yes they still running at a loss,,,I am not sure about you buy many new companies take a few years to grow a customer base,refine their skills and as time goes buy they should start to be cash flow positive...

Its been a hard few years with the GFC so this has not helped UXA or any small business....

I am still holding some and I will wait until later this month to see if I will buy more through the SPP...

this is risky yes BUT cheap stocks normally are more risky IMO

dyor