all-time low in lackluster uranium sector

UXA have tumbled to an all-time low of 3.7c. This compares to last years rights and placing at 10c and an earlier rights issue at a massive 35c.

Assets cost $6.6 million (Geoscience and PFN tool) or 3.6c a share. Present cash May have dropped to $3.5 million (probably $3 million by 30th June after Myroodah and Yambla payments) with debts around $3 million.
So 3.7c is just assets and cash, though the value of assets may be down and perhaps 3c represents true asset value by 30th June.

What of the rest, surely it has some value? Well you might ask, though value is really in Crystal Creek that found uranium but does not look promising at present uranium prices. The JVs with Reliance are mainly at ELA stage. The Myroodah and Yambla exploration JVs may be worth a bit on a gamblers basis later in the year, when proper exploration starts.