We have until 31st March 2014 to hold the 2013 AGM and this...

We have until 31st March 2014 to hold the 2013 AGM and this providing the 2013 Annual Report and Half Yearly statement are with ASIC.

It surprises me that UXA are still standing after being pronounced, "...to have hit the wall" by the press. So it looks like an achievement to have got this far.

Palgrave Resources appear to be the backers as they have the right to dismiss the re-established board of directors. The now Deed Administrator, formerly administrator, has done his job well.

At a guess, the upside is to keep together all the remaining assets as selling them individually for a good enough sum must have failed.

A further guess is that everyone will end up with shares in UXA Resources or the company it MAY become part of. Financing might be obtained by issuing even more shares.

If the last two paragraphs come about there would likely be a share consolidation of anything from 1 for 20 up to 1 for 100 shares.

It may appear a long shot now but an ASX quote could happen not that much distance down the line.