I hate convertible notes BUT a few million shares below 2 cents...

I hate convertible notes BUT a few million shares below 2 cents means very little if we get good news IMO. Look at AVQ as an example. They issued millions of shares at .006 a few weeks ago and the SP has rallied 200%.

My main focus is the company MC at this stage..

Is the logging, GAA/Penfold business growing?
Is it profitable?
What is the long term potential/growth?
When and if we finally drill something which has the potential to be a minable/profitabe resource will be crutial for US IMO.
We meant to be explorers but our management is either just unlucky or useless? I thinks is a bit of both personally.

At the end of the day I would not be in a hurry to but UXA if I never hold any as its high risk BUT it still has huge potential IMO....Lets hope these guys can finally deliver some good news to us suffering shareholders and do a placement at a higher price in order to get rid of these convertible notes forever...

seems like a long shot but all it will take is one good announcement, company to be back at a MC of 10 million and a SPP or placement and we back in business..

excuse the ramble but this is a very small MC IMO....assets can be sold and the shell company alone could be worth a million IMO....