geoscience logging revenue v losses, page-3

On debt, assets purchased and liabilities UXA are a trifle complex with a lot of JV agreement costs going forward up to 5 years.

On Geoscience debt, this is held in fact with Geotech in a private loan agreement. I believe Geotech is in someway linked with the companies MD and holds 250,000 shares and 3 million options in UXA.

UXA cash stood at $2,600,000 at June 30th; this included $1,700,000 part of which is held against future exploration in the JV with RIL Australia Limited (owned by Reliance of India).
Loans at 30th June stood at $3,055,000 with a further loan facility available of $2,700,000.

GAA cost $5,294,000 + $305,000 stamp duty, and the total paid in investment purchases in the year was $11,111,000 and this included repayments of $457,000.

Current assets at 30th June stood at $6,146,000 and total liabilities at $4,979,000.

Accumalated losses stand at $17,503,000.