UNX - Uranex Limited

[Assasin]

Any interested people out there willing to share their views on the current cap raising and share distribution plans?
The word "potential" keeps being printed in their documentation. SP sure is low. Is it a good time to average down?

 

[skc]

As it turned out August was definitely the time to top up.

Shares from cap raising (at 14c) was a bargain for the participants and underwriters. They were available for trading yesterday but the company decided to announce today of a good exploration results. Share price up 23% at one point just to p!ss off those who took quick profits yesterday.

Weekly chart is looking promising.

 

[skc]

This is going gangbusters. A 420% gain for those participated in the cap raising at 14c. One has to ask why did the management not wait a little bit longer to raise the money at a much higher price...

It will have to retrace at some stage right?! ~58c might be a reasonable pull back level. On the other hand people ahve compared this to MRU so who knows.

Not complaining as this is turning out to be the trade of the year...

 

[tech/a]

Trailing stop hit at 81c
Was an excellent trade.

 

[Boggo]

Trailing stop hit at 81c
Was an excellent trade.

A nice finish to the year, well done.

:bier:

 

[Country Lad]

This little uranium company has jumped nicely in the last few days. Not because of uranium of course, unlike some other U companies going nowhere, this one was smart enough to diversify.

Price rise due to good looking graphite prospects. Talking about others, I see PEN is down 8% so far today.

Cheers
Country Lad

 

[piggybank]

Hi,

I thought whilst Country Lad hasn't been sighted for a while, I'll update the chart.

 

[piggybank]

Still heading north...

 

[NickyDee]

Still heading north...

Heading south now, imo. The sporadic exploration results released to the market throughout the entire exploration campaign came to fruition today, with what appear to be very poor results.

This is the 1st time I can recall a company not releasing their RC drilling results until they completed follow-up diamond drilling.

Block D appeared to be the best UNX could offer today, with:

NADD002 in Block D averaged 27.85m at 8.5%Cg from 3.2m

NADD003 in Block D, 7 metres east & 210 metres north of NADD002, very low grade

NARC008 around 2% average grade

NARC009 around 10% average grade

NARC010 around 4% average grade

NARC011 around 2% average grade

NARC012 around 1% average grade

NARC013 around 3% average grade

NARC014 around 1% average grade

NARC051 around 5% average grade

NARC052 around 2% average grade

NARC053 around 3% average grade

NARC054 at best 3% average grade

Despite the two good holes (NARC009 & NADD002) over at most a 250m x 250m area, the general inconsistency of grade in each drill hole gives rise to doubt that even a small commercial deposit of say 10 million tonnes of ore at 10% grade exists.

The maps released today:

 

[piggybank]

Heading south now, imo.

Hi NickyDee,

Yes I wouldn't disagree with your statement. Once again it appears I have put the "Kiss Of Death" on a stock the day before it falls. Todays action saw it lose nearly 21% of its value with 2.8 million shares changing hands - the daily average is around 10 times less

The report NickyDee was alluding to was the "High Grade Graphite Intersected at Nachu Graphite Project". If you wish to read more of it, then click on this link:- http://stocknessmonster.com/news-item?S=UNX&E=ASX&N=401412

 

[burglar]

... Once again it appears I have put the "Kiss Of Death" on a stock the day before it falls

It's Ok piggybank, I am not holding this one!

 

[Why not buy unx]

Uranex Graphite Company is ready to run watch out Lamboo

Any one who knows the graphite sector has seen Lamboo run hard thanks to Maquare Bank in 4 months from 20c - $1.00

Uranex is bigger and better than this mine and has the capacity to go from where it is currently 14c to beyond a dollar.

500mil tonnes and great MET reports over 100yrs supply.


Road show has started and Uranex currently in Sinapore talking to end users of graphite.

Give this stock 6-8weeks, it will run harder that Ben Johnson at the Olympics.

 

[Tyler Durden]

Re: Uranex Graphite Company is ready to run watch out Lamboo

Any one who knows the graphite sector has seen Lamboo run hard thanks to Maquare Bank in 4 months from 20c - $1.00

Uranex is bigger and better than this mine and has the capacity to go from where it is currently 14c to beyond a dollar.

500mil tonnes and great MET reports over 100yrs supply.


Road show has started and Uranex currently in Sinapore talking to end users of graphite.

Give this stock 6-8weeks, it will run harder that Ben Johnson at the Olympics.

The fact that this is your first post and your name is "why not buy unx" somewhat concerns me.

 

[Joe Blow]

Re: Uranex Graphite Company is ready to run watch out Lamboo

Uranex is bigger and better than this mine and has the capacity to go from where it is currently 14c to beyond a dollar.

Please elaborate further. Why is Uranex's mine better than Lamboo's, and on what basis can you justify a share price of more than $1?

500mil tonnes and great MET reports over 100yrs supply.

When was this announced by the company?

Give this stock 6-8weeks, it will run harder that Ben Johnson at the Olympics.

I understand that you are excited by UNX's future, but these sort of comments, and your choice of user name, do not do much to enhance your credibility. Please focus more on substance, and a little less on hyperbole.

 

[trainspotter]

Re: Uranex Graphite Company is ready to run watch out Lamboo

Any one who knows the graphite sector has seen Lamboo run hard thanks to Maquare Bank in 4 months from 20c - $1.00

Uranex is bigger and better than this mine and has the capacity to go from where it is currently 14c to beyond a dollar.

500mil tonnes and great MET reports over 100yrs supply.

Road show has started and Uranex currently in Sinapore talking to end users of graphite.

Give this stock 6-8weeks, it will run harder that Ben Johnson at the Olympics.

Ben Johnson was disqualified for doping. 750,000 shares changed hands yesterday and only 25,000 today.

 

[trainspotter]

The chatter has started:-

"We see graphite as a sexy metal that has large growth factors going forward," chief executive Rod Chittenden said.
"There was a question mark hanging over the company before these metallurgical results."
Graphite is in demand because it is a necessary component in rechargeable lithium ion batteries.
An eventual predicted take-up of electric cars would spur even more demand - nearly 40kg of graphite is used in each of those batteries.
Graphite has been used in batteries for decades because it is an electrical conductor, but the technological explosion in smart phones and other portable devices has sent demand soaring.
Uranex would be in production by 2017 in a best case scenario producing 100,000 tonnes of graphite a year at its Nachu site.
That would make it a serious player, adding 6-7 per cent of supply to the 1.5 million tonne a year global market.
Mr Chittenden is not worried about over-supply, talking up a potential doubling of the market to 2.5 million to 3.0 million tonnes a year from 2016 onwards as demand rises more.
China's current 70-80 per cent dominance of global production is receding too and creating supply gaps, as the government shuts down lower grade mines due to environmental and water issues caused by its use of hydrofluoric acid.
"China will actually be a net importer of graphite in 2014," he said, due to the fact the Chinese also make the batteries used by companies such as LG and Samsung.
Beyond that Uranex need an offtake partner to help fund what they estimate would be an $80 million plant.
Australian share market darling Syrah Resources recently struck a deal with Chinese giant Chinalco to supply it 80,000 to 100,000 tonnes of graphite a year from its planned 220,000 tonnes of production.
Syrah's Balama project in Mozambique is rated one of the top two graphite deposits in the world and its market value has jumped from $10 million to a current $606 million since securing the resource in 2011.

http://www.thebull.com.au/articles/a/45980-uranex-dumps-uranium-for-graphite.html

burglar is set to hold. Watch this space.

Offtake partner for funding could be they key. Any announcements on this level will cause a blip.

 

[burglar]

... burglar is set to hold ...

Though I am keen on graphite, UNX is not a company I have held, hold or will hold.

My favoured graphite play thus far is AXE. :axt:

:

 

[Tyler Durden]

This has been climbing up slowly from 14.5c to close at 18.5c last Friday 6/6/14. Today there was a trading halt re capital raising.

 

[Tyler Durden]

Announcement released and came out of suspension at 3:45pm yesterday (Friday) and closed at 18c.

Uranex Limited (ASX:UNX) has raised $5 million through a placement of shares to sophisticated
and institutional investors from Australia and overseas. The company is encouraged by the strong
support received for the placement which was oversubscribed.
The placement consisted of 31,250,000 shares issued at $0.16 per share.
Funding will be used for immediate commencement of drilling to establish a JORC resource in the
near term for the Nachu Graphite project in south east Tanzania, which will further establish this
graphite project as world class. In addition, funding will enhance metallurgy through design of
'industry best' processing, support comprehensive environmental impact analysis and to complete
the pre-feasibility study within the next 6 months.

 

[Tyler Durden]

Went into the trading halt at 19c, announced an MOU, then hit a hig of 25c when trading resumed but closed at 22c.

This is one to keep an eye on.