PFN Tool has in fact been sold but there are no details of how much. It cost US$400,000 in Aug 2010 and was paid for in installments. Hopefully they will have got a fair price for this. The technology use in Canada and USA went with GAA Wireline (USA) and is rented to them.
UXA need AU$1.55m approx to payoff La Jolla and Lind. That is if they want their cash.
No point guessing what UXA will get but AU$2 million looks a bottom figure and they really need AU$3 million: For GAA and PFN Tool combined.
UXA Price at posting:
0.2¢ Sentiment: None Disclosure: Held
