Hard to comment now as GAA Wireline is no more as far as UXA Resources are concerned. Debts etc., exceeded cash raised for sale of assets. UXA get nothing.
Convertible unsecured debt remaining is about $1.4m. At least I think this is the figure as details have not been available for a while and the last quarter report, to June 30th, isn't due out until the end of the month.
At the end of March, third quarter report, cash was at $61k - down from $386k in the quarter before. Expenditure was $211k in the 31st March quarter ending and $656k over 9 months. Cash on hand stood at $287k* ($598k at March 31st) * cash on hand $128k and term deposit was $159k.
Estimated expenditure was $220k in the final quarter to 30th June 2013.
UXA Resources are speaking to thei financiers.
UXA Price at posting:
0.2¢ Sentiment: None Disclosure: Held
