Will Arafura Resources make an opportunist move on UXA Resources? The price of Arafura stock is well up on a year ago and UXA's has slumped very badly indeed. It would be of interest to Arafura to buy a drilling company in the USA and Australia. UXA's interests in uranium in Western Australia and The Northern Territory would be of great interest. The stock price of UXA is bombed out to the extent the fund raising options will run out.
UXA Price at posting:
2.7¢ Sentiment: ST Buy Disclosure: Held