cheap

UXA is on my watchlist because of upcoming news relating to the stuff below from their 3rd Q activ. report.

an initial planned diamond drill hole was approved, and
drilling subsequently commenced with a diamond drill hole
to 400m depth in the Sloanes Hill prospect completed in
April 2006.
In the first phase South Australian drilling progam, UXA plans to drill
a total of 3,400 metres in a program budgeted to cost $520,000.
Results will be reported separately and when appropriate.
Drilling of 20-30 percussion (“RC”) holes in a total of ten prospects
has commenced and is scheduled to be completed within the June
2006 quarter.

ALSO BECAUSE

almost at issue price a year ago
5 mil in bank
8 Mil. market cap
millions in unexplored opportunities in SA

but

slow to release results for whatever reason.

Be very very very very careful unless you have the attitude that it's only money.

N