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UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

hmmm.

a high of 32.5 in midday trading today, and still not for off that now. volumes are much higher than normal - obvsiously not compared to the recent spike. people must be jumping on the train again now. I'll hold on to my parcel....
 
Re: UXA - Uranium Exploration Australia

UXA have an experienced management, that made an announcement that the inferred resource, referring to the latest silver find, would not be made until the end of this year. This seems all the more sensible, following the suspension of a high profile stock, as it would not be possible to have a proper inferred resource this soon; Let's hope their outcome is as previously expected as many will suffer lack of confidence, similar to Bre-X of Canada, if there is a problem.
 
Re: UXA - Uranium Exploration Australia

UXA are looking fairly solid in the 30 cent to 32 cents range and could push on to the 34 cent to 36 cent range next week. Further drilling results are expected in July/August.

The best areas, as spoken of before, are Yeeliree, WA and Katherine W, NT, where uranium has already been found.
WA is out for the moment whilst we wait for them to come to their senses and allow exploration.
NT is already on the cards with UXA geologists ready once the go ahead is given.
 
Re: UXA - Uranium Exploration Australia

It's formed a classic pennant.

A break up or down out of this pattern should trigger a buy or sell respectively.
 

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Re: UXA - Uranium Exploration Australia

kennas said:
It's formed a classic pennant.

A break up or down out of this pattern should trigger a buy or sell respectively.
Click to expand...

Hi kennas, I'm not a great believer in flags and pennants and wonder if your workings are the same as mine. The upper boundary is about 42c - 16c = 26c and the rough target 34c + 26c = 60c.
 
Re: UXA - Uranium Exploration Australia

It's a generally accepted theory that which way it breaks next will determine short term direction. Not too sure about the price target theory. Haven't got into that yet. Will have to keep a track of this to see what happens as an example.
 
Re: UXA - Uranium Exploration Australia

kennas said:
It's a generally accepted theory that which way it breaks next will determine short term direction. Not too sure about the price target theory. Haven't got into that yet. Will have to keep a track of this to see what happens as an example.
Click to expand...

Tracking upwards at the moment and crossing my fingers hoping for a 60 cent target to be achieved. Halfway there this morning as UXA drill away on Sloanes Hill and with experienced management rumours will be few and far between. There are hopes that there will be further information on the extent of the silver find, as they hopefully move closer to an inferred figure.
 
Re: UXA - Uranium Exploration Australia

Moving up to 30.5 cents isn't that much, but we can hope the pennant points in this direction.
 
Re: UXA - Uranium Exploration Australia

noirua said:
Moving up to 30.5 cents isn't that much, but we can hope the pennant points in this direction.
Click to expand...

The pennant theory touched 33.5 cents this morning, though this lift was probably a sector factor.
 
Re: UXA - Uranium Exploration Australia

kennas said:
It's a generally accepted theory that which way it breaks next will determine short term direction. Not too sure about the price target theory. Haven't got into that yet. Will have to keep a track of this to see what happens as an example.
Click to expand...

Hi kennas, The Pennent seems to still be there, but is being extended.
 
Re: UXA - Uranium Exploration Australia

Couldn't be more penant looking really.

Will be interesting to watch which way it goes to confirm, or deny this TA theory.
 

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Re: UXA - Uranium Exploration Australia

UXA moved up 3 cents to 33 cents with 1,639,440 shares traded.
 
Re: UXA - Uranium Exploration Australia

Looks to have broken upward. Interesting....
 

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Re: UXA - Uranium Exploration Australia

Well, fell with everything else today and the break up not really confirmed. I picked up just a few this am at $0.315.

Stop at $0.275. $0.28 looks to be some very short term support and would lead to a breakdown imo.
 
Re: UXA - Uranium Exploration Australia

Up 9% atm making the break north of the penant look like it could be a breakout. Happy to have got in yesterday. Not too much volume to really support it yet. If it is supported could be a good ride.
 

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Re: UXA - Uranium Exploration Australia

Strong under-current lifts UXA and the pennant's pointer MAY be giving an upward signal - 34 cents at the close.
 
Re: UXA - Uranium Exploration Australia

UXA up 8% broken through $0.35 resistance and currently at $0.37.

Clearly a bullish break from the pennant. Next target $0.40.
 
Re: UXA - Uranium Exploration Australia

Trading is certainly building up in UXA today. Perhaps the silver find is being seen to be worth a bit for this small cap outfit and the long term drilling prospects are set to run for several years.
 
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