UXA 0.00% 0.0¢ uxa resources ltd

Ann: Capital Raising and Acquisition , page-4

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  1. 1,946 Posts.
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    Besttime60. Yes, they're paying $5 million plus five million shares for Geoscience (GAA); total $5.5 million, or $5.875 million before purchase.

    Last year UXA were to pay $6.4 million in shares and cash, GAA were to raise funding. This offer was withdrawn due to GAA failing to raise finance.

    Stock is now a hold at best, IMHO, at 14.5c and price could slip further towards 10c.

    Still a very big gamble and financing appears solely to buy GAA.
    Will UXA manage to bring in a partner for Crystal Creek, Ngalia Thrust? It seems talks on this are going well otherwise they'd raise far more cash.

 
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Currently unlisted public company.

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