I also hate convertible notes and LJ BUT we need to ook at big picture IMO...
Yes LJ is getting cheap shares and selling them at a profit straight away...It sucks BUT the MC is still 2.5 million which is what we need to consider IMO.
What are the UXA assets worth? do we believe that these assets can generate a profit and provide enough income to pay admin fees and some exploration?
Is it a buys market? everything is smashed so it may be a good time to buy IMO?
Are most small caps smashed including uranium stocks? yes
Do we still have a few JV partners which provide opportunity?
Will Straits want to buy or share of tenement if we get some good dril results? Do they have many more tenements to drill?
Do or uranium assets have any minable resources? Lots of un-answered questions...
if you have evey bought a small cap worth 2.5 million and had a ten bagger before you will know that the buy definately had some risk BUT sometimes you have to look beyond the downrampers and day to day traders IMO..
UXA is not finished just very very undervalued if they can deliver on any 1 of the three oportunities,,,
UXA Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
