At some stage I could see UXA Resources floating Geoscience Wireline Limited on to the ASX. In 2012 it is certain to be very profitable and if UXA retained 51% they could well be getting back considerably more than invested.
Which ever way UXA go on Geoscience I think they'll consider a way of cashing in.
As to the exploration side. If they find nothing commercial they will need more cash. If they do make a commercial find then they will need to find more cash for development. So whether it be heads or tails part or all of Geoscience Wireline will have to go, me thinks.
UXA Price at posting:
2.9¢ Sentiment: None Disclosure: Held
