Reading through the report and GL's letter to shareholders I think that the UXC guys are onto it and they are doing everything they can to maintain profitability and preserve shareholder wealth.
Lots of contract wins is encouraging.
Great to see that even though they aren't paying a divi they are creative enough to try and add value for shareholders that are holding shares during this period in the form of an option.
Take a long term view and in three years when the cycle turns UXC should be well over $2 again as profitability returns.
As someone who sold a heap of UXC to buy IGG during the merger process I hope that IGG's contribution hits guidance in this six months for the 25% bonus payment.... anyone know how progress is going?????
UXC Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
