cease to trade

The directors have essentially told everyone to watch a movie, an Oscar winning film that won awards; ARGO.......... UXA management won no awards. Blame the downturn in industry when in effect it was management's unrealistic vision that it was possible to finance and run a service company while also trying to explore. They just didn't have the abilities required. The last AGM was the final opportunity to change management, but those in power knew otherwise and got it wrong again. I only hope the Board and senior geological staff acknowledge their incompetence.