Biggest Loser,,,this is from an old UXA report.....As far as I understand they refer to their drilling as logging as they do not use conventional drilling equiptment BUT they get the same results or "hopefully better"....
Their technology is being used to search for several different resources including iron Ore, Uranium ect ect...I am not sure I completely understand your post,,,They are a drilling company,,,,
"During 2010 and in early 2011 GAA Wireline’s logging business in Australia was severely impacted by the very wet weather conditions which halted clients’ drilling programs. This situation has now improved considerably and clients’ catch-up drilling programs have resumed in GAA’s principal areas of operation in Queensland and South Australia. GAA Wireline is currently operating on long term logging contracts in the following diverse industries: Iron Ore in South Australia and New South Wales Coal and coal seam gas in Queensland Uranium in South Australia and Northern Territory Uranium in the United States of America In the United States of America GAA commenced logging operations in December 2010 and in April 2011 announced the signing of a new 2 year logging services contract with Cameco Resources, a wholly owned subsidiary of the major international uranium company Cameco Corp (TSX:CCO, NYSE:CCJ). GAA is exclusively providing Prompt Fission Neutron (PFN) logging services at Cameco’s Smith Ranch-Highland uranium mine in Wyoming and at two other long term projects in Wyoming and South Texas."
UXA Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held