Australian (ASX) Stock Market Forum

UXA - UXA Resources

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noirua said:
The only information that I can find on the company which is no longer quoted on the ASX:
Click to expand...

Have never held/traded UXA but Shareholders as always wear the inefficiencies of management. Sympathies with anyone who did their dough:(
 
barney said:
Have never held/traded UXA but Shareholders as always wear the inefficiencies of management. Sympathies with anyone who did their dough:(
Click to expand...
Very unfortunate this company as they were hit by Cyclone Yasi in Queensland in early 2011.
SEVERE TROPICAL CYCLONE YASI: ONE OF THE MOST POWERFUL CYCLONES TO AFFECT AUSTRALIA
https://www.surgewatch.org/severe-t...e-most-powerful-cyclones-to-affect-australia/
All UXA's work came to a halt and that was the end of the wireline logging business Geoscience Associates Australia Limited.

The Fukushima Nuclear plant blew up:
That was the end of all the uranium interests in Arnhem Land for UXA. Just after their uranium and copper find.

Also due to the desperate management taking out a risky loan package that allowed the borrower to sell shares at will sunk the share price. Once at 52c they crashed to 0.1p.

New management arrived but they bought into Tomcar that soon after dived into Administration.
https://www.smartcompany.com.au/sta...up-tomcar-australia-voluntary-administration/

Following that they ended up in court concerning Tomcar's collapse.

A sad story for investors as in June 2006 they announced a silver find but later found the silver came from the drill bit. The shares shot up 80% so this now looks a bit iffy looking back.
 
barney said:
So they are still registered?? Its all too late now though is it not?
Click to expand...
These are the latest announcements for UXA Resources Limited from ASIC: https://publishednotices.asic.gov.au/browsesearch-notices?appointment=All&companynameoracn=uxa resources&noticestate=All&archvd=0

There appear to be no court cases reported so the company still exists. The directors all still hold positions with other companies. One director of UXA resigned recently but I do not know which one: https://publishednotices.asic.gov.a...icestate=All&court=Supreme&dnotice=3&archvd=0
 
No mention of UXA Resources Limited though anything that is favorable and mentions uranium may yet raise the company from its near 7-year coma:
https://thebull.com.au/asx-uranium-...il&utm_term=0_27a4a54d92-d59a3abd9e-266297529
On 11 March of 2011, an earthquake and subsequent tsunami struck Japan with the Fukushima nuclear power generation plant in its wake. The damage caused by the event led to the worst global nuclear accident since the disaster at Chernobyl in 1986.
 
The next ASIC Review date for UXA Resources Limited is 31 January 2022.
https://connectonline.asic.gov.au/R...Type=OrgAndBusNm&_adf.ctrl-state=wxsuvzwuc_15
Click on 'View Summary (pdf)' -
Extracted from ASIC's database at AEST 03:56:50 on 31/01/2021

The locality of Registered Office: FLINDERS VIC 3929
Address: UXA Resources Limited: 17 The Avenue, Flinders, Victoria, VIC 3929
Status: Registered
ABN: 65 112 714 397
ACN: 112 714 397
 
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Maybe some hope for UXA Resources formerly ASX: UXA. They hold the largest areas of land in Australia for uranium exploration. Maybe the way back is very difficult or impossible though.
This chart originally posted by aus_trader:
1613081678344.png
 

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