$1.6 million approx is ring fenced for the JV with RILA in The Northern Territory. UXA cash has fallen fast due to losses by Geoscience Wireline Australia after the QLD disastrous storms and flooding. Geoscience, particularly in The states, should pick up well from here; but not enough in the short term.
UXA cash flow is likely to remain a concern but the next 18 months should auger well for the company.
UXA Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
