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Re: USA - UraniumSA

Hi Wise Mum. Thats a good question. Australia has a policy of only allowing Uranium to be sold for energy use, not for use in weapons. From DFAT "Australian uranium may only be exported for peaceful non-explosive purposes..."

So Uranium produced by USA in the coming couple of years can only be exported for energy use.

Hope that helps.
 
Re: USA - UraniumSA

Thanks for that ... I appreciate you taking the time to answer :)
BTW - it was the article in the Australian that drew my attention - and no doubt many others!
 
Re: USA - UraniumSA

No worries. Yeah, it was a good article. I know its been said before...but im confident its only a matter of time here. A single trade of over 700,000 shares went through yesterday morning...

And the good announcements keep coming...another one yesterday, and expecting results from Blackbush soon before a JORC upgrade early in the new year.:)

MULLAQUANA URANIUM PROJECT
Significant Drilling Results at New Plumbush Prospect

UraniumSA Limited is pleased to announce that further drilling results in the newly named PlumbushProspect continue to deliver significant uranium intersections. Exploration drilling to define the extent of potentially economic mineralisation within the Plumbush Prospect is ongoing and we continue to obtain very positive results.

I might note that the speculation running yesterday was that Uranium may well be allowed to be sold to India in the future. Former Foreign Minister Gareth Evans basically said that it was an antiquated policy and should be changed. He is a mate of Rudd so stay tuned. That could be good news for new producers looking for contracts.
 
Re: USA - UraniumSA

And yet another good announcement which should lead to a resource upgrade soon. Im sitting very tight here.

Infill drilling at the Blackbush Prospect is identifying higher grades and thicknesses of mineralisation. To the end of the 2009 field season, 58 rotary mud infill drill holes have been completed on a 100m pattern within the resource area (Figure 3). The initial JORC Inferred Mineral Resource for the Blackbush Prospect is 12Mt @ 0.02% U308 (224 ppm) for an estimated 2,700t contained U308.

Drilling highlights include:
• MRM525: 9.70m @ 602ppm eU3O8, including 3.8m @ 1,240ppm eU3O8
• MRM530: 8.53m @ 307ppm eU3O8, including 2.6m @ 571ppm eU3O8
etc etc
 
Re: USA - UraniumSA

Hi Gurgler. Thats a good question.

They have been working very hard over the last few months, agressive drilling etc. Im sure the directors would love to see these options converted and have been doing all the right things in the lead up to 18 Jan, including telling holders to check their website for updates. Cash isnt easy to come by and would be a big help as they head towards production.

I do know that there have been some very big trades go through over the last week. 23 cents has just been taken out, and that was close to 300k of shares in one hit.

That puts the options only out of the money by 1.5c.

And the sell side, at the moment, looks very weak after 24.5 cents.

I might also add that for the first time in a long while, the buy side is well in excess of the sell.

Need to keep in mind that BGF rated this one a buy recently, suggesting that at current prices USA is VERY undervalued and has strong potential upside for 2010.
 
Re: USA - UraniumSA

Hi Ruprect

Thanks for the quick feedback and your observations.

Yes things are certainly heading in the right direction. I anticipate that I'll be making a decision much closer to the enddate so we'll see what transpires over the interim.

All the best for the break.
 
Re: USA - UraniumSA

Thanks Gurgler, hope you had a good break too.

The trading in USA has been really interesting over the last week or so. Lots of good volume on each of the last 5 trading days, up to and above a million shares. It has pushed the price from around 20 cents to 24 cents, and for most of the last day, 24.5cents. Thats just .005c out of the money for the options.

Whats really interesting is the amount of trades that were coming in big chunks, off the list as it were. They werent trades waiting on the buy side, these had all the signs of accumlators. This was during a time when trade across the spec sector was thin. Not here.

There was some very serious selling resistance on a number of days around the 23-24 cent mark. It didnt take them long to get wiped out.

Im interested to see how this runs over the next few days. If someone keeps buying, the sell side is very thin at the moment. If it stays that way, it wouldnt take much for it to jump.

Im also curious on whether there has been any specific buyer over the last couple of weeks, either an individual or company. Time will tell if there is a substantial holder notice.

With the oppies almost in the money, this could get very interesting indeed for all the USAO holders! Good luck.:)
 
Re: USA - UraniumSA

Up another 1.5cents today on very good volume already. 25.5c almost gone, putting the options in the money to the tune of nearly 1 cent. USAO trading now at .007.

And yet again, big orders going though. Buy side now outweighing sellers almost 3 to 1.
 
Re: USA - UraniumSA

Renouceable rights issue announced today. 1 for every 10 you own. I will have to think hard if I want to take it up.
 
Re: USA - UraniumSA

shinobi346 said:
Renouceable rights issue announced today. 1 for every 10 you own. I will have to think hard if I want to take it up.
Click to expand...

Taking up the rights issue at 25c each was a no-brainer. Has hit nearly 70c today and continuing with its' uptrend.
 
Re: USA - UraniumSA

this co is so undervalues right no in my opinion. They have nearly 42 million pounds of the uranium in South Australia. Exciting times ahead. Good time be buying perhaps
 
Re: USA - UraniumSA

Bede said:
this co is so undervalues right no in my opinion. They have nearly 42 million pounds of the uranium in South Australia. Exciting times ahead. Good time be buying perhaps
Click to expand...

Picked up just a few today at 5.6 cents. USA has excellent tenements but the main concern could be cash level however. As per their recent quarterly activities report:

Quote UraniumSA has sufficient cash to fund its planned programs of work and to continue its
planned exploration over the next 6 to 12 months. Unquote

They appear to have gone through nearly $1 million in cash in the June quarter and now have just over $3 million cash on hand.

They don't appear to have announced a cash strategy after the next 6 - 12 months, so maybe a capital raising is coming up?
 
Re: USA - UraniumSA

Came across this one recently.. demerger since finalised (all good) and thereafter did a recent raising $$$ in Sep '16 @.007 ... along with their 3 director's recently acquiring all up about 6.4M shares @.007 (in lieu of taking a salary/fees) over recent weeks.

Alice McCleary (Director) recently stated that they are pursuing other business opportunities primarily outside the resource sector (ongoing at the moment). You just never know what 'possible surprise on the flip side' may be around the corner...... I think us shareholders should be quietly optimistic that 'potential good news' could be headed our way soon in 2017. GLTA

www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=AU&qqsc=usa&QuickQuote=+Go+


Cheers tela
 
Re: USA - UraniumSA

Telamelo said:
Came across this one recently.. demerger since finalised (all good) and thereafter did a recent raising $$$ in Sep '16 @.007 ... along with their 3 director's recently acquiring all up about 6.4M shares @.007 (in lieu of taking a salary/fees) over recent weeks.

Alice McCleary (Director) recently stated that they are pursuing other business opportunities primarily outside the resource sector (ongoing at the moment). You just never know what 'possible surprise on the flip side' may be around the corner...... I think us shareholders should be quietly optimistic that 'potential good news' could be headed our way soon in 2017. GLTA

www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=AU&qqsc=usa&QuickQuote=+Go+


Cheers tela
Click to expand...

24 November, 2016 -- Chairman’s address to 2016 AGM of UraniumSA (USA)

"Following the demerger of the Samphire Uranium Project Assets in late June 2016, the company’s focus has been on finding new opportunities to build shareholder value within the UraniumSA listed entity.

The board has been actively pursuing projects involving a variety of minerals and non-uranium energy assets, as well as opportunities outside the resources sector.

Each of these has been carefully evaluated as part of a diversification strategy, and our search remains active and ongoing.

The company has maintained it's strong cost controls, with salary cash payments being minimised and all other costs pared back as far as practically possible. Many of the resolutions being put to the meeting today reflect this cash conservation emphasis.

The company continues to own the Muckanippie EL in northern South Australia, which covers the Wigetty prospect (an ilmenite-magnetite-apatite deposit), the historic Malbooma gold working and other un-named gold prospects, and various base metal and rare earth element prospects.

UraniumSA has also progressed exploration on its Satisfaction Bore and White Nose Bore prospects, within the Muckanippie EL. The company’s two EL Applications (ELAs) remain on foot, and we hope they will be granted by the South Australian government very soon.

Details of these ELAs can be found on our website. On the 1st November 2016, EL 5865 – Whymlet - was granted to Boston Minerals Pty Ltd (a wholly owned subsidiary of UraniumSA). This tenement is prospective for IOCGU, black-shale hosted and unconformity styles of mineralisation. I thank our shareholders and staff for their ongoing patience and support.

I also thank my fellow directors for their dedication in these challenging times.

I am confident that our hard work will result in improved outcomes for all of us."

Alice McCleary
Chairman UraniumSA Limited
 
Re: USA - UraniumSA

Telamelo said:
24 November, 2016 -- Chairman’s address to 2016 AGM of UraniumSA (USA)

"Following the demerger of the Samphire Uranium Project Assets in late June 2016, the company’s focus has been on finding new opportunities to build shareholder value within the UraniumSA listed entity.

The board has been actively pursuing projects involving a variety of minerals and non-uranium energy assets, as well as opportunities outside the resources sector.

Each of these has been carefully evaluated as part of a diversification strategy, and our search remains active and ongoing.

The company has maintained it's strong cost controls, with salary cash payments being minimised and all other costs pared back as far as practically possible. Many of the resolutions being put to the meeting today reflect this cash conservation emphasis.

The company continues to own the Muckanippie EL in northern South Australia, which covers the Wigetty prospect (an ilmenite-magnetite-apatite deposit), the historic Malbooma gold working and other un-named gold prospects, and various base metal and rare earth element prospects.

UraniumSA has also progressed exploration on its Satisfaction Bore and White Nose Bore prospects, within the Muckanippie EL. The company’s two EL Applications (ELAs) remain on foot, and we hope they will be granted by the South Australian government very soon.

Details of these ELAs can be found on our website. On the 1st November 2016, EL 5865 – Whymlet - was granted to Boston Minerals Pty Ltd (a wholly owned subsidiary of UraniumSA). This tenement is prospective for IOCGU, black-shale hosted and unconformity styles of mineralisation. I thank our shareholders and staff for their ongoing patience and support.

I also thank my fellow directors for their dedication in these challenging times.

I am confident that our hard work will result in improved outcomes for all of us."

Alice McCleary
Chairman UraniumSA Limited
Click to expand...
sp pivot point @.008c hit yesterday with chart technical's showing positive macd, rising stochastics and RSI etc.

I'm hoping/looking for at least a 'bagger or two' in this one in the near term imho

DYOR .. Cheers tela
 
Telamelo said:
Re: USA - UraniumSA


sp pivot point @.008c hit yesterday with chart technical's showing positive macd, rising stochastics and RSI etc.

I'm hoping/looking for at least a 'bagger or two' in this one in the near term imho

DYOR .. Cheers tela
Click to expand...
http://au.investing.com/equities/uraniumsa-ltd


Noticed weekly chart (1W) shaping up as 'bullish sentiment appearing'.. market depth beginning to reflect this as well imo


Cheers tela
 
Telamelo said:
http://au.investing.com/equities/uraniumsa-ltd


Noticed weekly chart (1W) shaping up as 'bullish sentiment appearing'.. market depth beginning to reflect this as well imo


Cheers tela
Click to expand...
Well hello hello.. here we are having closed up strongly @.015c nice :) just don't ask me how!? lol

P.S. Fortunately, my 'short term punt' worked out really well from earlier .006c/.007c entry going back about 3-4 weeks ago... If only it was this easy every trade! lol

GLTA

Cheers tela
 
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