held back by weak register, page-6

greenshore,

Regarding to your comment:

"Fundamentally the company has released no earnings guidance for the PFN business, or other logging operations. If these were positive i.e. say greater than $2 or $3 million PA surely they would mention it."

We do know currently, PFN are working on 6 projects in USA. UXA also announced GAA operation still going well in AUS. And a major partner is ready sign contracts with UXA.

PFN "is in daily use at a number of uranium projects in the USA"

As for the revenue from GAA, you should read the following comment from UXA (not from me):

"UXA Resources is an explorer and the Appendix 5B is designed around the exploration industry.

The Appendix 5B is also a cash flow report and not a full set of financials of the company. Appendix 5B reports need to be read in conjunction with Annual and Half Yearly Reports and other announcements from time to time."


IMO your 2, 3 million reckon is too low, I am looking at $10million+ sth for this financial year, especially after UXA signs the agreement with the international Uranium major.