Ann: Change of Director's Interest Notice , page-6

At present annual expenditure, UXA need about $4.5m to cover tenement costs, in house costs, drilling and assay costs.
GAA Wireline is being run separately and Annual profit is expected in the range $1.0m to $1.4m.
It was interesting to see Mrs Gaynor Arthur (Chairman's wife) bought 1m shares on her own account.

Much of the new loans are to be used to pay-off bank senior debt of $2.7m, and interest, as it becomes due over the next few years.

UXA are seeking a partner for GAA Wireline to fund the $5m expansion. Although guessed at, UXA could be expected to receive cash of up to $4m for 49% of GAA -- maybe interest is only in the USA side.

From what I've read on links at the UXA website it looks as if a quote on the US OTC market is in the wind. This would require a consolidation to meet the rules on minimum pricing.