It is a bit difficult to know La Jolla's position as they are...

It is a bit difficult to know La Jolla's position as they are made up of numerous shareholders. It appears that $400,000 still has the right to convert at anytime or just carry a 4.2% per annum interest rate which La Jolla has previously converted into shares.
Each La Jolla investor converting seems to be out to sell as soon as possible but is in a queue controlled by them
The last conversion was $50,000 at 0.56c per share and the price is now down to 0.6c.

This La Jolla game, if it can be called that, is being played by others now. As it can be seen that unless a brave UXA Director jumps in and buys 50 million shares then the journey is one way only.

About 20 turnings back I new which way to go and that was not to drill for zinc and Lead at Dome 5 and to give up the canning basin tenements unless a deal can be done similar to that with Straights Resources in South Australia.

Now though, there seems to be no turnings in outback territory as UXA directors carry on in a straight line ignoring all advice except that from La Jolla Cove.

We all know what a good outfit GAA Wireline is going to become with 2 years or more of orders in Australia and America.

Over a year or so ago I posted that the company has become a GAA Wireline cash cow with UXA pissing it all down the drain, and more. In fact, they bought a La Jolla Cove cow which seems to be incontinent at both ends.

I hope the directors of UXA Resources wake up before we go over the precipice.