bottom up approach gives uxa hope!

UXA have now moved into their GAA Wireline offices and Unit at 20 Oborn Road, Mount Barker, SA, in a continuing cost cutting exercise.
Not certain what happens on the sale of GAA Wireline however. Will they live in a hut in the outback like Sirius Resources' directors; there's a thought Mr Chairman, Neill Arthur.

At least the 2012 Annual Report is out and that comes as quite a surprise. We await further developments on that.

If trading starts again in UXA stock a considerable consolidation is needed of about 20:1 or even 50:1.

If GAA is not sold, and I think that is best, then a cash raising is needed. Shareholders may well stump up with an asset like GAA remaining in place.