Ann: Presentation to Perth Uranium Conference , page-2

Once again an excellent presentation by UXA Resources. Poised for discovery every day for nearly seven years but failed abysmally so far.

At least La Jolla Cove have but $0.25m left to loan this month and that should be reasonably close to it. Now Lind can convert at an 8% or so discount to the market price and not La Jolla's 20% - $7.5m more, hmmmmmmmmmmmmmmmmmmmm...
They had a Jolla laugh at us, at least I have no doubt.

Confidence is on the financial floor and stock price as well. GAA Wireline are doing well but they want to expand with a partner and need $5.5 million.

51c down to 0.3c and at least 0.1c is the lowest ASX rules allow. So I expect a consolidation as soon as La Jolla run for the exit, or is it, stagger to the exit with swag of cash.

Life goes on it seems and like the gambler who cant stop betting, UXA cant stop drilling.

Well at least RIL Limited, owned by India's Reliance, are still around, and it seems, paying for more uranium drilling at Nabarlek. Needs to be a Ranger Mine like find and it could happen; couldn't it?

Drilling with Teck could lead to a copper gold find, I hope. However, I don't think Dome5 is going to be worth a mine in these markets - over 300 metres deep, sporadic and narrow seam. A pity, but they couldn't be stopped starting to drill on this one -- not good enough and they should have known, I think.

Straights Resources are drilling away in South Australia on nine tenements and costing UXA nothing. That's the way to do it and a pity it wasn't left at that.

GAA are worth quite a bit but in these markets companies are looking for bombed out bargains from distressed mining minnows.

Market cap is low so if they make a good find then everything I've written is cobblers, meanwhile, the jury is out.