It is all on Chairman Neill Arthur now. $950k minus expenses plus about $200k for PFN Tool -- this against a needed $1.55 million absolute minimum required. No wonder they are speaking to financiers.
Chairman Arthur I notice raised some $55 million for a shaky company in 2001/2. So he's no novice at this job. What is left in cash, not much? The Arnhem land prospective uranium tenements are not worth much with RIL Australia dropping out. Dome5 drilling is also not worth much in these markets.
It needs directors to take shares in lieu of pay and expenses at the last traded price of 0.2c for the next 12 months. Shut down the SA office and move to a zero cost establishment. One main director covering virtually everything. The Chairman has to obtain a short term loan package for UXA combined with a small placing.
UXA Price at posting:
0.2¢ Sentiment: None Disclosure: Held
