MD is spending all of his time in securing a satisfactory deal in selling GAA Wireline. UXA need cash from the sale not additional paper based on future profitability. UXA are trying to create a position where there is competition in the sale and thus this is taking time.
Unsure on the reasons for the holdup in presenting the audited Annual Report.
The recent sale of the interest with Straights Resources appears to have raised some confidence, and that combined with the GAA USA sale.
UXA Price at posting:
0.2¢ Sentiment: None Disclosure: Held
