GAA Wireline are set to record a half year profit of $500k on $2.8m turnover and between $1m - $1.2m for the full year. The company has near full order books both in Australia and the United States for two years ahead. GAA Wireline that incorporates the PFN tool cost about $8.7 million to purchase.
Shares shortly to be in issue for UXA are 373,955,307 giving a market cap at 1.5c of $5.610m. Cash raised in the rights issue, before expenses, is $379,490.
UXA can continue the drilling campaign at Nabarlek North where further drilling is under-way and results expected in October 2011. $1.6m was put aside to cover UXA's 51% drilling costs. GAA Wireline are carrying out drilling in Arnhem Land.
Dome 5, NSW: Extended drilling continues and results are expected in late October.
UXA Price at posting:
1.5¢ Sentiment: ST Sell Disclosure: Held
