face-off : 0.2c versus 0.4c , page-4

I was prepared to invest about 10k in this one as its not a huge % of the money I trade. I would not recommend a friend or family member be overweight UXA because some of the UXA bears do raise some valid points...

UXA management could be buying heaps of shares if they were confident..
They could also have done a better job of cutting costs and instead of hiring new chiefs, got rid of some chiefs..
I do not love the management either...

BUT

We talking about a comany with a MC of 2.5 million.
Most management alredy have a few million shares and they bought more at 7 cents through the SPP.
What is the shell company and accumulated tax losses over the past few years worth?
They are reporting some better numbers for GAA and they have ordered a new truck?
It has been a GFC for a few years and it looks like we are getting busier which should suggest we have potential when macro markets improve.
Surely better markets means more small explorers will access more funding for drilling/exploring and that should benefit us?
I am optermistic that our Uranium drilling is in a good area...
Straits have had some serious problems, they need to spend 10 million in exloration to get a certain %, surely this has some value as we still own the tenements?

yes its risky BUT when is the best time to buy? when other are selling and scared? when small caps are being hammered?
after a nuclear disaster when Uranium stocks have been hammered?

I have a few million as a PUNT because I still believe that if they can turn a profit soon this company "should" be worth at least 10 Million..If we hit some Uranium who knows what it "could" be worth...we are part explorer and exlorers are hit or miss so might as well invest in one worth virtually nothing with assets IMO...

sorry for the ramble...these convertible notes have slammed us hard BUT its all about future results which will make us richer or poorer...