The Geoscience Wireline Australia had originally indicated turnover of $5 million in a full tax year - the big wet has thrown the baby out of the pram on that one. UXA expected the $5 million turnover to increase with the time saving in using the PFN tool.
Geoscience Wireline USA has no indication of turnover or profitability. This is because they are still negotiating a drilling package for the next three years and an announcement could come at any time - this part of the business is looking very good indeed.
Geoscience Wireline Australia are booked to drill the Nabarlek North tenement and this area appears to be under a fast-tracking agreement - see last quarterly report. With Uranium found 280 metres away in Uranium Equities, Naborlek North East, this is the really big one, potentially, for UXA Resources. UXA have $1.6 million put aside for their part of the drilling at Nabarlek North.
UXA Price at posting:
5.3¢ Sentiment: ST Buy Disclosure: Held