Hopefully UXA, in stopping exploration of their 100% owned tenements in South Australia, will cut expenditure until partners can be found. They need to push Geoscience and PFN tool company to increase turnover from the current $5 million per annum. Second half of 2010 looks good with the Myroodah and Yambla Exploration starting. Stock price looks good value below 6c with the exploration hopes lowly valued.
UXA Price at posting:
5.3¢ Sentiment: ST Buy Disclosure: Held