Ann: Institutional Funding Agreement Approved , page-3

I agree that UXA has been hammered but as for being one of the worst performing stocks I am not sure....Just look at stocks at

BSL $2-40 cents in one year and this is not a small cap
KZL 70-11 cents in a year
BSM 40-1 cents in a year


I could name 20 more...My point is not to say that UXA is a good stock but UXA is not alone...I am looking ahead now and trying to establish which have the best upside and what is the current MC.. UXA has been slammed but don't forget it has a 3 million MC either, dont forget that the management is expecting to be cash flow positive by mid 2012....

lets look at straits SRQ who own 70% of some of our tenemenets and currently drilling...They have a MC of 250 Million,,,,yes they have other projects BUT IMO they must have been optermistic to form a JV with UXA to explore the 9 tenements?
Our MC is 3 million,,,,,surely if they hit any potentially economic deposit that will mean that UXA will be worth many multiples more given out MC is about 80 times smaller than theirs?

When stocks are close to lows its because most have lost faith but there are buyers and they are getting a cheap share so IF things improve who will be the winners..

I am quietly optermistic,,,Only have about 5% of my money in UXA as its high risk but it would not surprise me if we were back over 3 cents in 3 months if Straits hits something promising or if GAA wireline shows some better earning potential.

excuse spelling, in a rush