There are a lot of tired holders in UXA stock. Highpoint was 52c and low last year at 3.1c - floated at 20c in 2005 with one free option for two shares. Many must have seen some nasty shocks. The largest holder saw top value at $5.2 million and low at just $310,000 - big land holding to small appartment. There has been some buying of stock by some directors but only MD Dr Russell Penney bought more than the recent 375,000 shares at 4c.
I would guess that a lot of drilling needs to be done at zone 5 to find a greater depth of zinc - so I can't see anything very encouraging results early this year.
Yambla will produce early stream results over 80% of the tenements and will give a good overall picture. Again, a lot more drilling to be done.
UXA Price at posting:
4.6¢ Sentiment: ST Buy Disclosure: Held