That is the position of UXA going forward. IF UXA had $10...

That is the position of UXA going forward. IF UXA had $10 million cash in the bank that would reduce the risk factor of the company.

Cash sits at $2.68 million at 30/6/2010 and debt at $2.7 million.
For the year to 30/6/2011 the cash situation will become more pressing.

The sum of US$1.875 million (AU$2.1 million). US$400 million to be paid in 12 monthly installments and a non-returnable deposit of US$25 million: For the US High Tech PFN Business purchase. This provides UXA with a borehole logging business to service the lucrative uranium industry.

Now we must hope UXA can get good profits from Geoscience and the two borehole logging businesses.

The drilling prospects at Yambla and West Myroodah are first on the results front for UXA. Yambla surface results are due at any moment.
After these it's Myroodah in WA and the recent JVs. The JVs with Reliance in the Northern Territory should come in 2011.
Crystal Creek update on UXA's uranium find and Annie Springs exploration in NT are also due shortly.

Lots of fences to be jumped by UXA but the uranium price is rising and there is confidence into 2011.

Altogether there is a lot to go for with cash raising or increased borrowings on the horizon.