UXA 0.00% 0.0¢ uxa resources ltd

you have to remember these guys have spent $7m of shareholders...

  1. 2,593 Posts.

    you have to remember these guys have spent $7m of shareholders cash on drilling/wireline companies in the last 2 years.

    Thus far those purchases have been cash flow negative in every qtr.

    The company gives very little detail about revenue expectations for these companies - so investors are left to assume they will remain cash flow negative until the qtly's show they are not.

    Once this happens then investor interest will return and the re-rating will occur.

    Not withstanding if they hit the mother load somewhere then it will re-rate for that reason.
 
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Currently unlisted public company.

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