Looking at UXA, there seems to be no fundamental reason why it should be trading so poorly, or so weakly. They have a great spread of high potential projects, excellent J/V's, a high class business models that allows for self-funding of exploration via the PFN business..... What the???
The only weakness I see from my perspective is a higher % of retail holders outside the top-20. Then looking at the bid/ask depth, we see a very loose & liquid trading set-up.
This needs to clear up before UXA can perform to it's potential .... having said that, it only takes ONE big accumulator, or ONE good announcement to swoop up weak holders & change the trading culture.
This stock is too good to sit languishing like it has, so I am sure the re-rating is not far off.
I sit patiently waiting until then.
UXA Price at posting:
5.4¢ Sentiment: LT Buy Disclosure: Held
