UXA - UXA Resources

[crayfish]

Re: UXA - Uranium Exploration Australia

what the #$%^ is going on with the digging results??

my guess is there aint none mb1...if you hold, just pray...Someone needs to say a S#|TLOAD MORE very soon.

Like Insider, another one of my guesses is they are complete pretenders.

Disclaimer: I have no investment in WXA (thankfully)

 

[mb1]

Re: UXA - Uranium Exploration Australia

Pretenders? what about this guy Neil Arthur that gets mentioned alot with quite a bit of respect it seems?

hmm how can they be pretending, theyre like digging in potential rich areas correct?

 

[drmb]

Re: UXA - Uranium Exploration Australia

my guess is there aint none mb1...if you hold, just pray...Someone needs to say a S#|TLOAD MORE very soon.

Like Insider, another one of my guesses is they are complete pretenders.

Disclaimer: I have no investment in WXA (thankfully)

WXA??? Do you mean UXA? The report released just before the market closed was very disappointing to me, little to get excited about - eg summary
"UXA completes second round of reconnaissance drilling in South Australia
• Anomalous lead and zinc identified on Winjabbie tenement (EL 3432)
• Low grade lead, zinc, copper and uranium intercepts on Prominent Hill South
(EL 3429)
• Priority on potential silver target lowered following latest drilling results"
seems very thin on sunstance so fully expect imo to see this drop tomorrow - very sad - hope the stop loss is working, but do your own research

 

[noirua]

Re: UXA - Uranium Exploration Australia

Difficult to say what happens from here as the prospects for Silver Mining at Sloanes Hill are shelved.

The appointment of Mr Patrick Mutz as CEO and now MD was upbeat as he takes on the exploration task that is now principally targeting South Australia where most of the companies tenements are. As UXA have no Uranium at present; The rise in the price to US$75 per lb is unlikely to raise excitement, only hope.

UXA have a drilling programme planned in 2007, for the Angelo River North (E52/1835) and Yeelirie South East (E36/546) tenements, in Western Australia, after they were granted in August and October last, respectively.

Ngalia Thrust, Northern Territory, has been granted and 5 other tenements are awaiting Granted status; Nabarak West, Pendanus West ( by far the largest tenement at 87,600 Hectares and comprising 295 blocks ), Katherine North, Rum Jungle North East and Nabarlek North.
Ngalia Thrust (EL 2456): Analysis of the Preliminary reconnaissance sampling and mapping on the surface, secondary uranium-iron ore veins were identified in granite and is continuing during this Quarter. Additional field work will commence in the second half of 2007.

South Australia is the area that UXA are most interested in, and the four largest tenements that the company expects to be granted are; Mount Morgan East, 65,290 hectares and 219 blocks; Twin Hill, 92,490 hectares and 310 blocks - UXA's largest area; Porter Hill, 59,010 hectares and 198 blocks; and Chinaman Hat Hill, 83,650 hectares and 281 blocks. Sloanes Hill East, a promising tenement, of just 7,200 hectares and 24 blocks, makes up the 5.

Playford South East (EL3679), South Australia, is a tenement granted last December. A programme of work is planned in 2007.

Roxby Downs West, South Australia, had a hold up due to discussions on relocation of the drill hole. Planned drill was postponed during the current quarter as a drill rig of greater capacity was required.

Oak Dam North East, South Australia, during the Quarter plans were finalised at two drill sites in anticipation of drilling. A priority is being set in the current drilling programme.

Winjabbie (EL3432), South Australia , awaits plans for follow on drilling. The assay results were quite encouraging and this remains as one of UXA's best current target areas.

 

[crayfish]

Re: UXA - Uranium Exploration Australia

WXA??? Do you mean UXA?

Read the latest release a little more closely and then study the periodic table and WXA suits perfectly.

Difficult to say what happens from here as the prospects for Silver Mining at Sloanes Hill are shelved.

I read that they never actually FOUND any silver -the silver they reported last year was from drill bit contamination (i.e. silver + tungsten):


"The majority of the second round drilling in the Sloane Hill area was conducted to further investigate the anomalous silver and tungsten reported from the first round drilling."

Can someone remind me: Did they actually report any tungsten in the first round of drilling? Surely this would have set alarm bells ringing???


"Investigations into the metallurgical composition of one drill bit reported to be similar to that used in drilling SH-2 during the first round of drilling revealed it contained silver which may have been in part consumed during drilling. UXA now believes some similar drill bits may have been used in the drilling of parts of SH-1."

= samples in SH-1 were contaminated with drill bit & therefore silver and tungsten

 

[mb1]

Re: UXA - Uranium Exploration Australia

My god this keeps getting better. Contamination from a drill bit hahahahahahahah.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Read the latest release a little more closely and then study the periodic table and WXA suits perfectly.



I read that they never actually FOUND any silver -the silver they reported last year was from drill bit contamination (i.e. silver + tungsten):


"The majority of the second round drilling in the Sloane Hill area was conducted to further investigate the anomalous silver and tungsten reported from the first round drilling."

Can someone remind me: Did they actually report any tungsten in the first round of drilling? Surely this would have set alarm bells ringing???


"Investigations into the metallurgical composition of one drill bit reported to be similar to that used in drilling SH-2 during the first round of drilling revealed it contained silver which may have been in part consumed during drilling. UXA now believes some similar drill bits may have been used in the drilling of parts of SH-1."

= samples in SH-1 were contaminated with drill bit & therefore silver and tungsten

Hi, I'm told that UXA, the company, strongly refute comments concerning contamination from drilling equipment; At the companies Sloanes Hill Prospect at Prominent Hill South. Silver and copper sulphides were infact reported.

The ASX, at their website, and the company, at their website, " http://www.uxa.com.au/Announcements.htm ", point out that the earlier drilling reports contain the accurate and full assay results to date.

 

[drmb]

Re: UXA - Uranium Exploration Australia

Read the latest release a little more closely and then study the periodic table and WXA suits perfectly. [/B]

Thanks, I'm a bit slow - W for Tungsten! LOL. Maybe it should be called WUCuAgXA, or XXA, for X = something, anything! Seriously is this worth holding still? I thought the last report rather uninspiring. Cheers DXXB

 

[insider]

Re: UXA - Uranium Exploration Australia

Hi, I'm told that UXA, the company, strongly refute comments concerning contamination from drilling equipment; At the companies Sloanes Hill Prospect at Prominent Hill South. Silver and copper sulphides were infact reported.

The ASX, at their website, and the company, at their website, " http://www.uxa.com.au/Announcements.htm ", point out that the earlier drilling reports contain the accurate and full assay results to date.

I'd like to know why anyone with half a brain would ever use silver to drill with... It's softer than gold and doesn't take much heat to melt... I know... Sounds like gutter talk to me... There's no way they use silver drill bits, it'd be like digging a quarry with a spoon

 

[noirua]

Re: UXA - Uranium Exploration Australia

I'd like to know why anyone with half a brain would ever use silver to drill with... It's softer than gold and doesn't take much heat to melt... I know... Sounds like gutter talk to me... There's no way they use silver drill bits, it'd be like digging a quarry with a spoon

Hi insider, I hope the poster got his information from a legitimate source as someone is likely to get very upset about the comments that were made.
Anyway, that's not our problem.

Hopefully, the results have shaken the UXA tree and got rid of the loose holders of the stock. Would have been good to see a high grade Uranium strike very early on, that was not to be. The more solid prospects may well be in the Northern Territory.

 

[insider]

Re: UXA - Uranium Exploration Australia

I tipped this stock in the tipping competition... are there rewards for dead last, I knew it was risky... I wonder how much lower their price is gonna fall... as discussed earlier in the thread with a chart that if the price fell below about 42 cents this stock would be bearish because it would be falling out of it's usual cyclicle trend... It is now trading at 34.5 cents... looking back at the results UXA have prooved that they have sources of uranium 6 times higher than the sand at the beach... Uranium is present in beach sand at 0.31 parts per million...

The only way UXA are gonna get investor confidence is to show results on other prospects... You make a good point however Noirua about shaking the tree... How much of the recent fall is price correction and how much of it will be just nervous shareholders? This may create opportunities to jump on, but i'd wait... Way too risky. When do you think drill results might come?

 

[noirua]

Re: UXA - Uranium Exploration Australia

I tipped this stock in the tipping competition... are there rewards for dead last, I knew it was risky... I wonder how much lower their price is gonna fall... as discussed earlier in the thread with a chart that if the price fell below about 42 cents this stock would be bearish because it would be falling out of it's usual cyclicle trend... It is now trading at 34.5 cents... looking back at the results UXA have prooved that they have sources of uranium 6 times higher than the sand at the beach... Uranium is present in beach sand at 0.31 parts per million...

The only way UXA are gonna get investor confidence is to show results on other prospects... You make a good point however Noirua about shaking the tree... How much of the recent fall is price correction and how much of it will be just nervous shareholders? This may create opportunities to jump on, but i'd wait... Way too risky. When do you think drill results might come?

Hi insider et al, Unfortunately there are no rumours going the rounds concerning UXA, however, it is possible that "joe blow" has bought a very large order of superior quality wooden spoons, said to be 1 metre long; So if you come last you will have something, at least, to do some fine stirring with.

How low will UXA go? No more that 34.5 cents lower and of that you can be certain. Look out for late buying, during the days trading, that may show someone is trying to build up a reasonable stake. If that persists then some have longer term faith in UXA tenements, if not...

 

[noirua]

Re: UXA - Uranium Exploration Australia

Acquiring a known uranium resource is one of the ways for UXA to move forward. Such a move would require the company to raise funds in the form of a rights issue or placement. The present options will not bring in funds until March 2008 from most investors.

Several companies, SEG most recently, have found this form of negotiation the best way forward. The market cap of UXA is just under $14 million at 35.5 cents and SEG's around $12 million, and after todays jump, $22 million.

 

[noirua]

Re: UXA - Uranium Exploration Australia

The following indicates Uranium Exploration Australia Ltd., successful high quality proposal at DPY4-56 at the Gawlor Craton, in obtaining a drilling grant in Round 4 of the drilling proposals. http://www.ministers.sa.gov.au/news.php?id=1047

 

[Go Nuke]

Re: UXA - Uranium Exploration Australia

Im wondering if it might be a good time to buy into UXA?

I too dont think the share price will go to much lower.....but Im certainly going to hold back and see. No rushing in on this baby

What do ther think? Good time to buy in the next few days?


:microwave

 

[noirua]

Re: UXA - Uranium Exploration Australia

Im wondering if it might be a good time to buy into UXA?

I too dont think the share price will go to much lower.....but Im certainly going to hold back and see. No rushing in on this baby

What do ther think? Good time to buy in the next few days?


:microwave

High risk stock this one. Lots more to play for and a major drill success could send this one far above its present price, however, if nothing transpires then cash raising becomes a serious factor here. You pays your money and takes your chance. In other words, its a gamble, and in that context, don't let me put you off.

 

[insider]

Re: UXA - Uranium Exploration Australia

High risk stock this one. Lots more to play for and a major drill success could send this one far above its present price, however, if nothing transpires then cash raising becomes a serious factor here. You pays your money and takes your chance. In other words, its a gamble, and in that context, don't let me put you off.

I think it'll need more than just one success... A lot of investors that have been burnt are going to want to cash in small profits if there are any, or just get their money back

 

[Go Nuke]

Re: UXA - Uranium Exploration Australia

Thanks for the input guys.
BLR has caught my attention now...so im just waiting to see if the share price is going to fall anymore, though it does seem to have maybe had a turn around.

Does a Price Volume query normally put people off and they sell?

Thats what seemed to happen around the time my AGS shares began to plumet


:microwave

 

[crayfish]

Re: UXA - Uranium Exploration Australia

I'd like to know why anyone with half a brain would ever use silver to drill with... It's softer than gold and doesn't take much heat to melt... I know... Sounds like gutter talk to me... There's no way they use silver drill bits, it'd be like digging a quarry with a spoon

Refer to section 16.5 in this link: http://www.secinfo.com/d1Ze2u.vm8.b.htm%238zl4n
Note the "Concomitant enrichment of silver and tungsten" in core contaminated by drill bit.

Hi insider, I hope the poster got his information from a legitimate source as someone is likely to get very upset about the comments that were made.

noirua, I don't have ANY source. My source is the same as everyone else's: the releases. However, I do have some considerable experience with sample quality issues in regards to percussion and diamond drilling.

A couple of questions that came into my mind after reading all the ASX reports:

1. What style of silver mineralisation the Sloanes Hill silver samples exhibit? IOCG, epithermal...etc?
2. Is it just silver, tungsten and nothing else? Note: Almost every hole that is ever drilled has trace amounts of sulphide.
3. Did they examine the drill SAMPLES for possible contamination? If they did metallurgical examination of a drill bit, then why not the samples themselves???

Hi, I'm told that UXA, the company, strongly refute comments concerning contamination from drilling equipment

But didn't they all but admit it? Again:

"Investigations into the metallurgical composition of one drill bit reported to be similar to that used in drilling SH-2 during the first round of drilling revealed it contained silver which may have been in part consumed during drilling. UXA now believes some similar drill bits may have been used in the drilling of parts of SH-1."

noirua, I can only draw on my own knowledge and comment on what I have read. I come with an open mind. Parts of this thread consist of you talking to yourself which makes it very obvious that you have considerable interest in this stock. I wish you all the best. Happy trading

Oh, one more thing people. Please don't refer to something as a 'deposit', a 'resource' or a 'mine' prematurely. It reeks of ramping. Thanks.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Refer to section 16.5 in this link: http://www.secinfo.com/d1Ze2u.vm8.b.htm%238zl4n
Note the "Concomitant enrichment of silver and tungsten" in core contaminated by drill bit.


noirua, I don't have ANY source. My source is the same as everyone else's: the releases. However, I do have some considerable experience with sample quality issues in regards to percussion and diamond drilling.

A couple of questions that came into my mind after reading all the ASX reports:

1. What style of silver mineralisation the Sloanes Hill silver samples exhibit? IOCG, epithermal...etc?
2. Is it just silver, tungsten and nothing else? Note: Almost every hole that is ever drilled has trace amounts of sulphide.
3. Did they examine the drill SAMPLES for possible contamination? If they did metallurgical examination of a drill bit, then why not the samples themselves???


But didn't they all but admit it? Again:

"Investigations into the metallurgical composition of one drill bit reported to be similar to that used in drilling SH-2 during the first round of drilling revealed it contained silver which may have been in part consumed during drilling. UXA now believes some similar drill bits may have been used in the drilling of parts of SH-1."

noirua, I can only draw on my own knowledge and comment on what I have read. I come with an open mind. Parts of this thread consist of you talking to yourself which makes it very obvious that you have considerable interest in this stock. I wish you all the best. Happy trading

Oh, one more thing people. Please don't refer to something as a 'deposit', a 'resource' or a 'mine' prematurely. It reeks of ramping. Thanks.

Fair enough crayfish, though one good strike is enough to make this one fly, imho, with so much speculation.

Hi everyone, I sold out of this one on a sudden change of mind. Good luck to everyone. Hope UXA do well for you.