response from dr penney, page-12

Not sure, west: we had 18m LJ shares registered on the 21st March, and we've had 13.7m shares traded in the week, and nearly 5.5m more today- all sales down the line today- presumably LJ. Many of the shares sold into today look to be now sitting on the .007 column, so they'd be more like retail shares in for a quick % stag. An inexact science to count LJ shares, but because they often sell in chunks, sometimes one can approximate.

Maybe this is a "slow" week for LJ getting shares. The mountain of LJ sell shares were distributed on each of these dates recently: 1/2 3/2 7/2 9/2 20/2 23/2 29/2 14/3 22/3.

There have been very few pumps recently (I think when LJ have been in a share for some time, they stop pumping and just dump. We've lost 40% of SP in a few months- mostly due to LJ, I suspect (I watch a lot of LJ shares- same looking graph on all of them- top left to bottom right). Looking at HTX, for example, they had good news, but LJ just sold into any attempt at the SP going up- very discouraging for holders.

The Directors could extend the raising here, or maybe buyers will develop a resilience and challenge LJ. It's better for current shareholders and new entrants to UXA if the company is cashed up. It's really up to the Directors to get this thing going- given that they have taken on the capital raising without a broker. Maybe they can bring out some news.