Yes things look crap and the SP reflects the Shareholder and market sediment,,,,its not trading at a 3 million MC for nothing...
I agree that small caps are risky but there are many far worst,,,many other small caps offer their directors free options as well as excessive salaries,,,IMO this is something I have no control over but I do stay away from small caps like this...
lets talk positives now...
What happens if straits does get some good results in current drilling? I am under the opinion that Straits paid something like 10 million for their 70% share? This number is from memory but pretty sure it correct,,,Some of that tenement is located in a very good area...
Looks like Uranium stocks have had a bit or a run the past year? Long term I am pretty bullish Uranium and UXA has a few uranium tenement with RIL as 50/50 interest...
Sometimes you have to look at the bigger picture when everything looks horrible....I see value at this level so I buy,,,for those that are so negative why didnt you sell months ago? nothing has changed IMO?
UXA Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
