UNX - Uranex Limited

[yogi-in-oz]

Hi folks

UNX ..... until the last week in May 2006, there seems
to be some underlying negativity in this stock, which
may tend to dampen sentiment, despite any good news.

Looking ahead, some key dates for UNX may be:

17032006 ..... engulfing high ??? ... needs confirmation.

28032006 ..... minor ..... intraday

03042006 ..... minor

07-10042006 ..... 2 negative cycles here ???

14042006 ..... significant news???

17042006 ..... minor


01052006 ..... significant and finance-related???

***18052006 ..... significant and positive - 2 cycles here ***

26052006 ..... minor - finances???

***29052006 ..... significant and positive???

happy days

yogi

 

[YOUNG_TRADER]

How do you come up with these predictions? Tea leaves? Crystal Ball? : (Only Joking)

Seriously I'm curious (although a wee bit sceptic) but nevertheless curious as to what this is.

 

[John Rambo]

Shows you how much that system works. UNX will most likely hit $1.00 by next week...no negative sentiment here...

People just follow the market, which responds to the mass media coverage. (think: china - uranium deal).

Always has, always will.

Buy on rumor, sell on fact. Cap your losses, take your profits. I may have been living in a Buddhist monastary for the last 10 years, but it's not rocket science guys.

Know the enemy; take the enemy out.
Treat your enemy as the market. Keep em close, but always remember their true nature in the grand scheme of things.

 

[michael_selway]

Shows you how much that system works. UNX will most likely hit $1.00 by next week...no negative sentiment here...

People just follow the market, which responds to the mass media coverage. (think: china - uranium deal).

Always has, always will.

Buy on rumor, sell on fact. Cap your losses, take your profits. I may have been living in a Buddhist monastary for the last 10 years, but it's not rocket science guys.

Know the enemy; take the enemy out.
Treat your enemy as the market. Keep em close, but always remember their true nature in the grand scheme of things.

yeah agree, actually in most cases, ist exactly opposite to what Yogi predicts!

http://www.smh.com.au/news/Business...as-uranium-body/2006/04/04/1143916506018.html

thx

MS

 

[tarnor]

I bought a truckload of these on the open after ann. Should go ballistic tomorrow, market cap is still pretty small compared to some of the other hyped companies.. not going to pick the price could go anywhere.. exciting stuff.. think you're a little out yogi

China rushes for nuke deals

From: By Andrew Trounson and Robin Bromby
April 05, 2006

ENERGY-hungry China already has people on the ground here seeking uranium supplies, with a surprise visit by a senior official to BHP's Olympic Dam requested yesterday as a deal was being signed with a junior explorer to develop long-term supplies.

Shares in junior Uranex leapt 65 per cent yesterday on the news that China National Nuclear Corp, the official nuclear agency, is talking to it about a long-term relationship for uranium supply.
CNNC, which has monopoly control of all nuclear materials within China, is understood to be in similar negotiations with another Australian company.

The news came just a day after the federal Government and Chinese Premier Wen Jiabou agreed a nuclear safeguards treaty that clears the way for Australian uranium to be exported to China.

Yuan Chen, the governor of the China Development Bank, Beijing's strategic lending bank, will on Friday visit the massive Olympic Dam uranium mine some 560km North of Adelaide in the middle of South Australia.

Mr Chen, who is visiting Australia separately from Mr Wen, surprised BHP Billiton yesterday with a request to visit the mine, and the company's head of base metals in Australia, Roger Higgins, has been drafted in to show Mr Chen and his delegation over the site.


Advertisement:
Mr Chen, who is the equivalent of ministerial level in Beijing, is almost certainly looking over other Australian resources projects and has a big cheque book that he will be hoping to use to encourage new production to meet China's soaring demand for raw materials. The Chinese may also be interested in directly investing in Olympic Dam, if BHP would ever let them. Chinese interests had a good look over the mine last year before BHP took over previous owners WMC with a $9.2 billion bid.
China is shaping as a major market for Olympic Dam, and a sales deal would go a long way towards underwriting BHP's proposed $5 billion expansion of the copper and uranium mine.

While the visit is at the behest of the Chinese, it is the latest sign from BHP that it is becoming increasingly confident that the expansion will go ahead.

BHP Chairman Don Argus no doubt started the sales pitch soon after the treaty was signed in Canberra on Monday. At a lunch in honour of Mr Wen's visit, Mr Argus secured himself a seat at the head table next to the Chinese Premier. But while Mr Argus will be keen to secure a long-term sales deal, he does not have any uranium to offer the Chinese in the short or even medium term.

All Australian uranium is sold under long-term contracts, and Olympic Dam's production is already largely fully sold out to 2013, when the expansion is scheduled to come onstream. Olympic Dam supplies uranium to Japan, the US, Europe, South Korea and Canada.

But BHP will want firm commitments from buyers including the Chinese well before 2013, with a final decision to go ahead with the project expected in 2009.

Uranex has two uranium targets within Australia, but the Chinese have indicated their main interest is the Perth junior's 26,000sqkm of exploration tenements in Tanzania. Just as important is that the Tanzanian Government has indicated it will back uranium mining and issue all necessary export licences. Uranex shares climbed 42c to $1.06.

The Uranex announcement is highly significant in that it shows that the Chinese have been getting their ducks in a row in expectation of the uranium agreement between the two countries. Uranex's most advanced project is Thatcher Soak, in the same West Australian region as the 52,000-tonne Yeelirrie deposit owned by BHP. Petroleum company BP reported a 6000-tonne estimate in the 1970s at Thatcher Soak. Uranex managing director George Kenway said he was hopeful of further exploration doubling that estimate. But Uranex would be concentrating its effort in Tanzania while the West Australian Government remained opposed to mining the mineral.

"We'll wait to bring Western Australia along in tune with the way the political wind is blowing," he added.

http://finance.news.com.au/story/0,10166,18714061-462,00.html

 

[yogi-in-oz]

Hi folks,

UNX ..... it sure looks like traders are anticipating some
negativity ahead ..... 07042006 (see post above) .....

..... anything we post here is up front and available
for all to see ..... for good or bad.

-----

Isn't it amazing how the big-mouthed skeptix, with the
big egos, usually perform poorly in the trading competitions,
if they dare enter, at all .....

...... don't see any michael selway in the current trading
competition ..... surprise, surprise ..... !~!

..... AND just look ..... another self-proclaimed guru,
at the BOTTOM of the current list ... !~!

happy days

yogi



=====

 

[RustyK]

Hi Yogi,

I am confused as to what you mean, sorry I am very new to this but what negativity at 07042006 are you talking about.

Cheers

Rusty

 

[Joe Blow]

If anyone is looking for the posts relating to entries in the stock tipping competition you can now find them here in the April competition thread: https://www.aussiestockforums.com/forums/showthread.php?t=3054

Lets leave this thread for the discussion of UNX.

 

[yogi-in-oz]

Hi Rusty,

UNX ...... negativity has alread taken hold and
would expect it to continue, into weeks end .....

happy days

yogi

 

[pussycat2005]

Hi Rusty,

UNX ...... negativity has alread taken hold and
would expect it to continue, into weeks end .....

happy days

yogi

Yogi,
Why the negativity?
Seems to me there have been a lot of orchestrated attempts by market manipulators to push the price down

at a market cap of 27 million it is peanuts in light of its imminent China Deal.
The meat of the agreement will be announced shortly.

Brokers Value their WA site with a 30 -40 million market cap alone.

Sure there are profit takers
But there are a lot more spooks on the scene.

This is the best u stock out of the bunch and its supported by chinese confidence! and resources past and present!

Rumours yes $3

Goldsteam hold 50% of the 32 million shares

Do your maths....

Once the traders move on.... it will settle above $1.00

 

[pussycat2005]

CANBERRA (Dow Jones)--Australia's Uranex NL (UNX.AU) Tuesday announced an early-stage agreement with a unit of China National Nuclear Corp. to develop Uranex's uranium interests in Australia and Tanzania.

News of the agreement between Uranex and CNNC follows agreements Monday between Australia and China covering the supply of Australian uranium to China for peaceful purposes.

The letter of intent between Uranex and CNNC for an initial two years is the first step in forming a closer working relationship for the exploration, development and offtake from potential uranium projects worldwide, Uranex said in a statement.

CNNC's interest stems from the diverse uranium portfolio accumulated by Uranex, which includes the Thatcher Soak and Bremer Basin projects in Western Australia and the Mkuju and Bahi projects in Tanzania, it said.

Uraniex plans to convert by drilling the mineralization estimated by BP PLC at Thatcher Soak in the 1970s to a compliant resource estimate, and to explore in the Northern Territory and Tanzania later this year, it said.

Uranex wants to have a long-term mutually beneficial relationship with and is honored to be chosen by CNNC, it said.

CNNC is a vertically integrated, govenrment-owned conglomerate with exclusive responsibility for the production, marketing, import and export of nuclear materials and uranium products for China.

Around 0300 GMT, Uranex was trading 14% higher at 73 Australian cents.

 

[jet-r]

here is the intra day chart
closing price is higher than the low of the day.

 

[michael_selway]

here is the intra day chart
closing price is higher than the low of the day.

Hi is that bullish or bearish for the stock?

thx

MS

 

[jet-r]

The sp for UNX went from 84 cents to 86.5 in the last 20 minutes of trading.
ppl see it as a buy opportunity and the their demand drived the sp up.

http://stocknessmonster.com/stock-trades?S=UNX&E=ASX

That information alone is not to judge whether its a bullish or bearish.

but imo, the sp will swing back abit tomorrow..

 

[michael_selway]

The sp for UNX went from 84 cents to 86.5 in the last 20 minutes of trading.
ppl see it as a buy opportunity and the their demand drived the sp up.

http://stocknessmonster.com/stock-trades?S=UNX&E=ASX

That information alone is not to judge whether its a bullish or bearish.

but imo, the sp will swing back abit tomorrow..

ok thx dude

Thing about UNX, is that someone said it reminds them of FMG, which also started out with a letter of intent from a Chinese company.

Hm and FMG has skyrocketed since, not even profitable yet

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -0.5 -0.3 10.3 32.4
DPS -- 0.0 0.0 --

 

[yogi-in-oz]

Yogi,
Why the negativity?
Seems to me there have been a lot of orchestrated attempts by market manipulators to push the price down

Do your maths....

Once the traders move on.... it will settle above $1.00

-----

Hi pussycat,

UNX ..... blaming others, like "market manipulators", for
price movements in ANY stock is just a way for some
"investors" to excuse their poor trading decisions .....

..... otherwise, why didn't their FA tell them to bail out
at 1.33, instead of watching it crash to below a dollar ???

Fundamentals matter very little to traders, who use
the natural cycles governing ANY stock .....

..... when such cycles slot into place, NO AMOUNT of
manipulation will stop it, with UNX being a case-in-point,
rallying strongly, until the negative cycles come into play,
then dropping like a stone ..... from previous post, above:

"07-10042006 ..... 2 negative cycles here ???"

Looking ahead, there's more key dates for UNX,
already posted above .....

..... and the only maths required are VERY SIMPLE,
based on what you probably already know,
about Pythagoras !~!

happy trading

yogi

 

[michael_selway]

-----

Hi pussycat,

UNX ..... blaming others, like "market manipulators", for
price movements in ANY stock is just a way for some
"investors" to excuse their poor trading decisions .....

..... otherwise, why didn't their FA tell them to bail out
at 1.33, instead of watching it crash to below a dollar ???

Fundamentals matter very little to traders, who use
the natural cycles governing ANY stock .....

..... when such cycles slot into place, NO AMOUNT of
manipulation will stop it, with UNX being a case-in-point,
rallying strongly, until the negative cycles come into play,
then dropping like a stone ..... from previous post, above:

"07-10042006 ..... 2 negative cycles here ???"

Looking ahead, there's more key dates for UNX,
already posted above .....

..... and the only maths required are VERY SIMPLE,
based on what you probably already know,
about Pythagoras !~!

happy trading

yogi

hey not bad, yeah negative cycles these past few weeks, but big rise today

how do u see it from here onwards?

thx

MS

 

[noobs]

UNX continues its outstanding run of late currently sittting at $1.23c blue skies fast approaching at $1.33 which was when the released the announcement of the Chinese (CNNC) involvement early this year. Lake Bahi results can't be too far off - One to watch for all you U lovers out there.
Ive been in from the early days and won't be selling any time soon!!!
DYOR

 

[noobs]

Anybody else interested in this stock? Kennas?

For those who don't know much about it have a read of this - http://www.uranex.com.au/pdf/UNX_4Q06.pdf

Targeting 20kt U3O8 by 4Q07 in Thatcher Soak WA Alone!

 

[michael_selway]

Anybody else interested in this stock? Kennas?

For those who don't know much about it have a read of this - http://www.uranex.com.au/pdf/UNX_4Q06.pdf

Targeting 20kt U3O8 by 4Q07 in Thatcher Soak WA Alone!

Crazy this stock, actually nearly all uranium stocks

Date: 21/12/2006
Author: Robin Bromby
Source: The Australian --- Page: 19
The spot price of uranium has risen by close to 10% during one week in mid-December 2006, reaching $US72 per pound. The commodity had only been trading at $US36.25 at the beginning of the year, and analysts are forecasting a level of $US100 to be surpassed during 2007. A large number of new nuclear power plants are being built or planned around the world. As a consequence, the share prices of Australian-listed uranium miners and explorers have also increased. Paladin Resources, which is close to starting production at its Namibian asset, saw its stock close $A0.23 higher at $A7.95 on 20 December 2006, while Marathon Resources was also up $A0.085 to $A1.595 and Summit Resources $A0.05 to $A2.74.

thx

MS