UXA 0.00% 0.0¢ uxa resources ltd

The right to purchase shares at 0.73c a share by 5th April is an...

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  1. 1,852 Posts.
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    The right to purchase shares at 0.73c a share by 5th April is an interesting gamble by UXA Resources, but UXA as a company may now be so small by market cap that they need to hive off about 49% of their interests, including the GAA drilling arm, and a further 31% of the Arnhem Land, uranium JV.

    I suppose the UXA directors had to do something if they did not want to buy many millions of shares in the market themselves -- not buying themselves raises questions -- however, they may have made what is an attempt to snooker La Jolla Cove Investors.
 
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Currently unlisted public company.

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