Australian (ASX) Stock Market Forum

UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

Ahhhh yes, I see mmmmining has given the Management of UXA a good telling off and why not.

UXA trade today at 38 cents, up 1.5 cents, after the "investors presentation" is released again today. Probably the tenements are the main interest, helped by the Uranium price.
 
Re: UXA - Uranium Exploration Australia

UXA are trading well this morning and are up 4 cents at 41.5 cents. The Investors Presentation seems to have gone down well.
 
Re: UXA - Uranium Exploration Australia

noirua said:
UXA are trading well this morning and are up 4 cents at 41.5 cents. The Investors Presentation seems to have gone down well.
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Hey noirua, I reckon UXA moved up today because of a single big buyer.
Some guy came in pre-open with a bid for 350000 shares at 39c. All the lemmings started to jump on board before pre-open and payed higher then 39c. If i was interested in accumulating 350000 shares at a good price, i surely wouldnt put the entire bid up at pre-open for people to see. Either this guy is playing the market, or a newbie with lots of money.
 
Re: UXA - Uranium Exploration Australia

mhtrieu said:
Hey noirua, I reckon UXA moved up today because of a single big buyer.
Some guy came in pre-open with a bid for 350000 shares at 39c. All the lemmings started to jump on board before pre-open and payed higher then 39c. If i was interested in accumulating 350000 shares at a good price, i surely wouldnt put the entire bid up at pre-open for people to see. Either this guy is playing the market, or a newbie with lots of money.
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Hi mhtrieu, The bid may have come from the UK or Ireland where the Chairman has a strong following. They have to use a home broker via an Aussie broker and give a limit or bid price about 8 hours before the ASX opens.

The $2.9 million placing at 35 cents will give UXA enough cash until the option money comes in next year.
 
Re: UXA - Uranium Exploration Australia

Suddenly it has got $2.99m. Martin Place is whipping a few old horses, hurry up! But old horse, just old horse, cannot be pushed around easily. It will be back to the old pace soon or later.

The only hope is lady luck. She could bliss anyone.
 
Re: UXA - Uranium Exploration Australia

mmmmining said:
Suddenly it has got $2.99m. Martin Place is whipping a few old horses, hurry up! But old horse, just old horse, cannot be pushed around easily. It will be back to the old pace soon or later.

The only hope is lady luck. She could bliss anyone.
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UXA seem to be putting most of their money into the South Australian tenements. The companies new MD is positioned in the new Adelaide office to drill, drill, drill, drill, drill ...and as you say "lady luck" may win the day here.

The next stepping stone is to get in loads-a-cash next year when the options are due for conversion. Vital now that they find something, anything really, but not silver.
 
Re: UXA - Uranium Exploration Australia

UXA at 42.5 cents and the options are up a lot at 20 cents, but still trailing the shares, are looking good for a further run, imho, on the speculation of a minerals strike at one of the six South Australian tenements in 2007 as the drilling programme begins.
 
Re: UXA - Uranium Exploration Australia

UXA are continuing to push on up at 46 cents today. Only reason it can be is the fund raising and drilling programme put out on the Radio programme.
 
Re: UXA - Uranium Exploration Australia

An announcement by UXA of shareholders rights to buy shares at 35 cents, the same price as the recent placing, may or may not be as good as it looks at first glance.

Shareholders may buy a stake of up to 30% of the company, and if they buy additional shares in the market a compulsory bid would have to follow.

So, what are UXA up to, surely they are not hoping to entice a larger company on the block to take a very major stake?

Shares closed down one cent at 43.5 cents and the options fell away sharply to 18 cents, down 4 cents.
 
Re: UXA - Uranium Exploration Australia

Wont this mean I can buy 1 share in UXA at 43.5c then buy 14285 UXA shares for 35c. If the market price of the share at the time is 42c, then as soon as i get the shares i can dump it on the market at 42c and make a quick 1k profit?
 
Re: UXA - Uranium Exploration Australia

mhtrieu said:
Wont this mean I can buy 1 share in UXA at 43.5c then buy 14285 UXA shares for 35c. If the market price of the share at the time is 42c, then as soon as i get the shares i can dump it on the market at 42c and make a quick 1k profit?
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Hi mhtrieu, Yes, and you have until Friday 20th April to do this. The share price may go below 35 cents however.
 
Re: UXA - Uranium Exploration Australia

Quite interesting now and a certain Chairman seems to have got it right again.

Many can now buy a few shares, up to 20th April, and then buy $5,000 worth for just 35 cents. Option holders may convert a few to also get the same amount of shares.

What a wondrous web we weave.

Is it worth selling most of the shares held in hope they will fall back to 35 cents? The options only trade at 21 cents, so, is it worth selling or holding?

Who is being too clever by half or are they.

Pause for thought here.
 
Re: UXA - Uranium Exploration Australia

Noirua, Have these guys found anything but silver yet? :confused:
 
Re: UXA - Uranium Exploration Australia

kennas said:
Noirua, Have these guys found anything but silver yet? :confused:
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The silver they found came from the drilling... They pumped out results claiming they had silver but they didn't compensate for the silver/tungsten wearing from drilling... I haven't checked their announcements for a while they may say something else but the directors shouldn't be trusted... IMHO stay away
 
Re: UXA - Uranium Exploration Australia

kennas said:
Noirua, Have these guys found anything but silver yet? :confused:
Click to expand...

As insider says they've found absolutely zero, so far.

In this position they have done well to get a placing for $3 million away at 35 cents. So now they will have enough cash for 1 and perhaps 2 years drilling, if they manage to get another $3 million from sales to shareholders.

UXA say they have first class tenements on which to drill, 6 to start in South Australia, 6 more in the Northern Territory and a few in Western Australia and NSW.

As the company says, it all depends on drilling results. It is all a gamble but returns could be high if they succeed.
 
Re: UXA - Uranium Exploration Australia

UXA are continuing to go up and trade at 48.5 cents, not far off their all-time high. The options are trading at 22 cents with conversion price of 20 cents in up to 11 months time.

Lots of good cash news which will add to the drilling programme in the six South Australian tenements.

Have a feeling that the prospects of buying $5,000 worth of stock at 35 cents, by buying 1 share, may be adding to the froth.
 
Re: UXA - Uranium Exploration Australia

UXA are keeping the news coming, and the latest alliance with Geoscience shows that new MD, Mr Patrick Mutz, is really underway down there in the new office in Adelaide.

It now looks like, go, go, go on S.A. drilling with millions of dollars in the bank.
 
Re: UXA - Uranium Exploration Australia

The options look very cheap if compared with the shares of UXA. Are the shares too high or the options too low. The options indicate a share price of about 39 cents and the shares an option price of about 24 cents. Present share price 43.5 cents and options 19 cents.
 

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