Yes, the upside would be similar to that of Sirius SIR if a good strike is made. The market probably doesn't rate the chances of a near surface uranium find in Arnhem land or that Straights Resources will make a good Copper/gold find in SA -- they could be wrong as Sirius was in difficulty.
The last La Jolla Cove conversion was at 0.23c (24.78m) and most trades were at 0.2c on Friday -- La Jolla investors now have the choice of collecting 4.2% interest or risking converting.
UXA are still trying to negotiate a further $5.5m to expand GAA Wireline which they have said is being run as a separate company. Rumour is, by me of course, that UXA want to float GAA Wireline or sell 49%, and are discussing the method options available.
UXA Price at posting:
0.3¢ Sentiment: None Disclosure: Held