This link shows that GAA Wireline revenue was up 49% in the first 9 months:http://www.uxa.com.au/site_files/475/UXA%20Third%20Quarter%20Activities%20Report%20-%20March%202012%20Fina%202l_gs.pdf http://www.uxa.com.au/site_files/475/UXA%20Third%20Quarter%20Activities%20Report%20-%20March%202012%20Fina%202l_gs.pdf
UXA have ongoing work for Paladin Energy and UXA were known to be in talks concerning future contracts in 2014. It was hoped they might bid for GAA Wireline Australia but I do not know anymore than UXA were trying to attract interest from a number of parties in December last. There is another company interested in GAA Wireline but I cant say which as I think the information was given to me by accident. Since then UXA put out a for sale notice and I know nothing from that point.
There was a rumour that UXA wanted $3m minimum for GAA Wireline Australia including PFN Tool -- that has never been confirmed.
I did once ask about two trucks being parked at GAA in Adelaide. It seems they are returned between contracts or bad weather periods when the PFN tool can be checked and calibrated and the vehicles serviced and any ongoing repairs carried out.
Some drilling results from Nabarlek North remain outstanding and in December the only answer was that the market would be informed when these become available. No comment on reasons for delay or if there was any. No comment made on suggestions that Paladin Energy were looking at Nabarlek and Pandamus West and taking over UXA's 51% interest. No comment on what is happening concerning interests in the Canning basin and surveying financed partly by WA at Myroodah West; or the JV arrangements at Myroodah with Rey Resources.
UXA were originally confident of selling GAA Wireline Australia so I GUESS they are finalising a deal, They need cash up front which MIGHT be a sticking point, I don't know.
UXA Price at posting:
0.2¢ Sentiment: None Disclosure: Held
