In this market environment when it now appears the US markets have just triggered stop losses and both indices closed under critical levels and more than likely to start a process of recoiling to historic support than bouncing higher within this unsettled oil market.
I guess the question for UXA is how long until concrete evidence that they can put together a business model for stopping their financial bleeding and/or a definitive resource statement?
In the mean time, just like the Dow, the sp will search around for historic support levels IMO, so I'll lurk some- more until then.
Regards
UXA Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Not Held