Sirius have risen from 5c to 95c on a strike so that would push...

Sirius have risen from 5c to 95c on a strike so that would push UXA to 5.7c - if you take the low at 0.3c. Making 2 million shares worth $114k - Market cap $45m very approximately, as many more shares will be issued.

Still a lot of La Jolla Cove investors lining up to sell at 0.4c -- if they can get it and $250k must be bought at 4c from UXA, if they want them

Now we must wait and see if Lind want to convert at an average price over three trading days. Something tells me they are waiting for a strike announcement -- 5.7c + 0.3c + 0.3c = 2.2c x 91.5% in fact 2.013c - looks close to a cant lose situation with $1m lined up to convert + La Jolla's $250k at a 20% discount.

Something tells me that every $500k borrowed from Lind gives them 10% interest or a very cheap chunk of UXA on a strike. Or they get GAA Wireline if UXA Resources goes into liquidation.

It looks as if the clock is ticking louder and louder.