Yes, UXA have about $3 million in debt though offset, for the time being, by $2.3m cash including sums put by for Nabarlek. Only plus is GAA Wireline bought for about $9 million in Australia and the States and forecast to make $500,000 profit in the first half year on $2.8 million income. A chance of selling GAA if all goes pear shaped, so little chance of bankruptcy.
Who ever chooses the places to drill should be fired.
UXA Price at posting:
1.5¢ Sentiment: ST Sell Disclosure: Held
