I expect the Yambla/Harts Range, Swallows Hof and Hof results, covering 80% of the area, will be available in the week before the 2nd quarterly report due around the 28th January. I'm not certain the market was factoring in anything for these results in the stock price when at 3.8c a share. After disappointments in South Australia and Crystal Creek, NT, I doubt we'll hear anything upbeat before the results are announced, and possibly not even then as surface results guarantee little - Crystal Creek spoke for that.
After paying for the USA assets UXA will have about $5 million dollars cash ($1.6 million earmarked for Naboralek North and East, NT. but owe about $3 million.) UXA should receive about $4 million - $6 million income from Geoscience Wireline in a full year. But probably nearer the bottom end with the big wet continuing. The USA exploration income is for six months and I don't see any income estimates.
Short term the zinc exploration at Dome5 looks to be the most likely to come good for UXA. Dr Russell Penney, MD, is an expert in this field and Teck only farmed this out to UXA as it wont be big enough for a company their size.
Myroodah West, WA, is being partly funded for uranium exploration by the Government there. Aerial surveying is probably completed and we await further announcements.
As mentined by others before, Myroodah (East of Myroodah West) is being explored for Uranium under a JV with Rey Resources. UXA have no rights to coal which REY retain.
UXA Price at posting:
4.4¢ Sentiment: ST Buy Disclosure: Held