thoughts from an outsider, page-12

http://www.uxa.com.au/site_files/475/announcements/2009/UXA_GAA_Purchase_Completion_2_October_2009.pdf

"The purchase price paid on settlement, which took place yesterday, was $5.3 million (including
asset register adjustments) together with five million UXA shares issued to the owner."

IMO a loan of 2 million or so is no drama at all for UXA,,,as far as I can see GAA Wireline was purchased for 5.3 million and 5 million UXA shares in 2009....GAA wireline is doing great at the moment, we can see this by the quarterly results, things are getting busier and UXA is even growing the GAA business...great value IMO

The GAA wireline

dyor