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UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

Can we expect with the double win-win announcements from both the Lib & Lab parties of new uranium mines and new nuclear power stations that UXA will take off on Monday? UXA is in a fantastic place with it's base and major tenements in south Australia and the fact that the south Austraian premier will waste no time in his quest for uranium and a larger slice of the resource boom pie. All Uxa has to do now is find the stuff, but if anyone can it's Mutz and UXA with it's excellent tenements. Do other investors think as I do that we should be in for the long run and wait for the big find in maybe the next 12 months or should we cut and run with a tidy profit next week?
 
Re: UXA - Uranium Exploration Australia


One of my very occasional pastimes is Metal Detecting. After about 15 years I've found nothing much and hear the stories of finds by others and their plans for the future.

These tenements cover a bit under 10,000 hectares and so far they've not come up with much. More cash is arriving and should see them well cashed up for a few years exploration.

Lots of explorers out there drilling and hoping to drill. Interesting to see if any will find uranium in great plenty.

Should we cut and run with a tidy profit next week? Qualified or not, it would be dangerous to advise.
 
Re: UXA - Uranium Exploration Australia

UXA must still be crossing their fingers and hoping the Stock price stays above 35 cents as the formal documents are sent out to shareholders to buy $5,000 worth at 35 cents. "Send a cheque only" by the 25th of May, that sounds old fashioned these days - where is that cheque book of mine?

The Directors are taking up the offer. Well, if you own over 2 million shares then buying $5,000 ( 14,285 shares ) extra is no big deal. If a Director owns millions of options then it is also only a drop in their ocean.

UXA may stick around the present area for a while longer with all the extra sock swirling around.
 
Re: UXA - Uranium Exploration Australia

UXA have announced a survey and drilling go-ahead at two areas at Giffen Well, Stuart Shelf in the Gawlor Craton in South Australia.

An agressive drilling expansion will take place through to June 2008, in S.A., W.A., N.T., and N.S.W.
 
Re: UXA - Uranium Exploration Australia

It is quite important that UXA receive at least $3 million from the purchase of shares by Australian and NZ shareholders by 25th May. There are about 1,400 shareholders (Foreign Holders are not included in the offer) eligible to buy $5,000 worth of stock. In theory, UXA could receive up to $6.7 million.
 
Re: UXA - Uranium Exploration Australia

UXA do seem very well set for the next year or two and financing is all but secured.

Newcrest jumping in on a JV at Oak Dam North East is a big plus for tiddler UXA., as they approached and it WASN'T a pass the hat round situation.

The drilling go-ahead at Giffen Well adds interest.

This doesn't mean there will be a strike at any tenement, only that the odds are sharper as UXA start a strong two year campaign in promising areas.
 
Re: UXA - Uranium Exploration Australia

Well, UXA have fallen back to the placing and $5,000 sale price of 35 cents. Very surprising how so many stocks seem to achieve this.

However, the Companies Chairman, Mr Neill Arthur, has proved before that he is a master of Rights Issues and placings, and I bet he's done a fantastic job of getting the money in again.

Stock awaits the latest ongoing drilling results at Giffen Well that should be in by the end of the month.
 
Re: UXA - Uranium Exploration Australia

The stock price of UXA continues to be squeezed by the placing and offer price at 35 cents a share. The shares closed at 34 cents and are set to remain under pressure for sometime, imho.
 
Re: UXA - Uranium Exploration Australia

UXA's stock price remains under pressure and has sunk further to 32.5 cents, may, imho, have quite a bit further to fall.

Anyway, at least the website has improved from - politely - "rather basic", to something approaching "outstanding": http://www.uxa.com.au
 
Re: UXA - Uranium Exploration Australia


Why do you think uxa is so out of public favour? I always thought that 80% of other uranium stocks were just hot air but not uxa? A good drill program, great projects & board. Feeling a bit sad Do you think uxa stands apart from the others?
thanks noirua
 
Re: UXA - Uranium Exploration Australia


Hi Buy&sell, A certain amount of what is going on at UXA is just Huff and puff. The rest is an honest gamble on finds at reasonable to good tenements and enough cash to cover the cost.

Lots of shares available at 35 cents, points as it often does, to pressure on UXA stock.

The market cap is around $40 million and may move nearer $55 million next year ( priced at 35 cents a share ).

The possibility of a find is now far greater than it was earlier in the year. On the other hand, with the market cap higher, it will need a find in the next 12 months to stop UXA slipping back further.
 
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