uxa on life suport, page-6

UXA has a few million in Assets, GAA wireline is running at full Capacity and they have ordered another truck to be delivered early 2013? does this sound like a company going into administration?

UXA is drilling for uranium now... Uranium has been hit in prior drills and a few hundred meters away from our next drill? Surely we may get some good uranium results? RIL must think so as they have 49% stake?

Remember this is not BHP but also rememeber you get what you pay for and UXA has a MC of about 2-3 million??

YES this has been a shocker stock for LT holders
Yes the convertible notes are killing the MC
YES the management sucks

BUT,,,,for 2-3 million and REAL ASSETS and a business which "should" be cash flow positive soon...sure this is worth real MONEY...

Remember that UXA paid over 6 million for these assets a few years ago,,,,,

BUY low sell high...this is a high risk BUY, BUT also very very cheap considering upside and asset backing IMO...

I have bought more at .003,,,not going all in but have a few million as a punt,,,IMO if markets improve and the GAA/Pen business does better and we get a few good uranium holes this could well be a 10 million MC stock overnight...

good luck,,,wang move your buy order from .002 to .003 :-0)