This is a statement I copied from another post and I thought it was COMPLETELY REVEVANT TO UXA...
"The best, and safest time to buy is actually when people reach the 'depression/no hope' phase, as this can be expected to be the bottom. Least risk = greatest levels of depression."
I think we have been at this starge for months,,,In order to move FWD we need funds which we now have, we need projects with positive expectations which we have IMO,,,
If straits or GAA wireline gets some good results I will be doubling my holding and waiting,,,
Only downside I see is I HATE CONVERTIBLE NOTES,,,BUT they are very commom in small caps and many successful companies have used then in times of tough credit...Good thing is MC is peanuts which gives us some leverage IMO
Come on UXA, do something right for once and help the long term loyal shareholders to get back their cash...
UXA Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held