In theory shareholders are still in with a shout but unless a...

In theory shareholders are still in with a shout but unless a benefactor offers way over the odds for UXA's remaining assets it's time for the fat lady to be on her way over.

Foolishly I thought the GAA assets in America and Australia, combined with PFN tool, would bring in around A$4m, and the figure obtained around A$1.3m was a bit of a shock.
I thought GAA were still profitable and the directors comments in the end of trying to save GAA and using up cash to do it was an unhappy surprise -- I feel this should be explained further by the Chairman Neill F Arthur.

The drilling at Dome5 for zinc and lead was fan-faired with better drilling results but information faded and again I believe Mr Arthur should explain further. The departure by MD Dr Russell Penney was without any explanation from him and no comments on his efforts there.

The South Australian tenements were sold for a small sum considering the copper find. No proper explanation for this.

I'm sure many would at least like to know why drilling continued as the finances were worsening and why a new tenement was taken on in the circumstances.