where are uxa at on balance?

The Geoscience side in QLD has done disastrously badly losing $1.2 million so it's a relief the USA side are looking for good profits next year.
Hopefully Geoscience will do well in the year ending June 2012.

Because Geoscience have let down UXA on profitability and $1.6 million is ring fenced for the JV with RIL Australia. They will be looking to raise about $3 million by the end of 2011.

Everything appears to be on Dome 5 and Yambla in 2011. Good results from either could lead to a sharp share price increase followed by a placing not that long after.