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'..
UXA Price at posting:
1.3¢ Sentiment: None Disclosure: Held
