I called and spoke to UXA Company secretary today. Still waiting to get permission to start trading on ASX again, hopefully soon. They will give us the NT drilling results when received, its taking very long as they very busy....this is one possible oppertunity we have to see a good bounce and cash raised at a higher price IMO...what are the chances who knows but you would expect its better than 20% IMO...
He says him and directors are all working hard to get UXA through this tough patch and failure does not seem an option from our discussion...hope they get some better results than the past few years...I don't have much faith in these guys as they have sucked so far but they have not given up...I remain hopeful
I asked him about costs and he says they are running a lean business with minimal chiefs,,,I still dont believe that but hope he is right and they are starting to spend cash wisely...
have a good christmas
UXA Price at posting:
0.2¢ Sentiment: Hold Disclosure: Not Held
