uxa looking to sell 49% of gaa wireline, page-6

Biggest loser what is your point?,,,They have a logging business which is experiencing growing pains, it was effected by GFC and weather the past 2 years but demand is very high and they have decided to double the amount of logging trucks....They obviously see some oppertunity to make money or they more stupid than I thought

I am not in the drilling business but their technoogy has helped discover some big resources,,,IMO drilling is a very expensive business so if their logging business is able to detect the presence of a resource before a drill rig surely that will be a huge saving?

Maybe I am mistaken? UXA is a high risk high reward small Cap stock for me so I don't know the entire business back to front...

Do you have anything to add beside UXA does not drill? They have customes who are paying for their services so i am not concerned if they actually drill holes or use equiptment to detect minerals...

Maybe this is the new normal? first use cheaper logging tools to look for mineral readings before you drill,,,,If this product achieves a higher drill success rate surely thats a HUGE positive?

excuse spelling