UXA 0.00% 0.0¢ uxa resources ltd

exploration; poised for discovery?

  1. 1,852 Posts.
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    For many years these words 'Exploration, poised for discovery' have been used by UXA Resources UXA.

    I agree that everything is set for a discovery, commercial of course, but in South Australia this was a disastrous failure that started with a silver discovery 'HO HUMM' yes, the silver came from the drill bit. Need I go on really, with Crystal Creek and others stacking up the failures -- so far it has been a disaster with the stock price peaking at 52c at a $200m market cap to collapse to 1.4c Friday for a market cap of $5.2m.

    Quite right I think to add a question mark to all discovery hopes or even finds by UXA.

    Very basically, exploration efforts so far have been terrible; the market rating is terrible; the board of directors drilling results have been terrible on a commercial basis, even their luck is terrible; and they can't really expect the markets to applaude 'exploration poised for discovery' -- hell they've done poorly and need t up their game 'big-time'..
 
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