Yes, it looks as if UXA are trying to take off but markets are basically crap. Good news is forgotten and distressed sellers move in and even a good gold upgrade is just a selling opportunity, nothing else.
Basically, the market is self-feeding, and only those who are still profitable or well cashed up will survive.
I support UXA's management in going State-Side as the GAA drilling arm has great opportunities and just maybe, the Americans will buy this and the uranium opportunities in Arnhem Land with Reliance Industry's subsidiary RIL Australia.
UXA Price at posting:
1.1¢ Sentiment: ST Buy Disclosure: Held
