uxa - sleep walking to no where land

Stock price just 1.8c and market cap a derisory $6.264m. High was 51c and floated in 2005 at 20c and a one for two option that retired worthless.

Such is life for an explorer of 6 years standing and not a bean or a sniff of a commercial mine or an interest in one.
Is it worth burning cash and raising more at lower and lower stock prices? - 10c - 4c - 3.1c placings and the latter only a few months ago and UXA stand now at just 1.8c.

UXA put the tenements in South Australia over to Straights Resources in a 7 year $10m exploration deal with a right to buy back in - a good move by cash strapped UXA Resources.

Cash strapped, they had $3.53m in the bank a few months ago. Oh yes, but $0.5m is for Dome 5 exploration and follow up drilling on Copper, Gold interests in SA and NSW. $1.6m is ring fenced for Arnhem Land JV's with RIL Australia.

What happened to the Cullen Resources JV rare earth elements promising exploration at Yambla. Nothing on that of late from UXA.

How the hell can UXA finance the WA JVs and their own tenements in Western Australia?

Hopefully Geoscience Wireline are about to flag up profits in the second half year to 30th June. They certainly need to do so as that was the original plan.

No sentiment on UXA really as there are too many uncertainties an unknowns. Drilling results at Dome 5 for three holes completed recently and Geoscience make it not possible to know - and Yambla???