you have to remember these guys have spent $7m of shareholders cash on drilling/wireline companies in the last 2 years.
Thus far those purchases have been cash flow negative in every qtr.
The company gives very little detail about revenue expectations for these companies - so investors are left to assume they will remain cash flow negative until the qtly's show they are not.
Once this happens then investor interest will return and the re-rating will occur.
Not withstanding if they hit the mother load somewhere then it will re-rate for that reason.
UXA Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
