GAA wireline made a $1.2 million loss in the first half year due to bad weather in Queensland. The USA division contributed $47T in the last month but had setting up costs of $63T.
Cash was at $3.4m with about $1.8m of that figure ring fenced for expenditure on JV costs in The Northern Territory.
UXA has a $2.7m loan at 8.18% interest for repayment in 2014; $355T at 10% interest for repayment in 2012; and $47T at 8.91% for repayment in 2014.
Drilling of 7 holes at the JV with Teck Resources at Dome 5 NSW are held up due to bad weather.
Drilling results for Yambla and particularly Swallows-Hof for HREE are due anytime. Downgraded some what due to the sad events in Japan.
Time for a Plan B in many of UXA's operations!
financing problems and cash reserve questions
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