Australian (ASX) Stock Market Forum

UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

UXA have annouced that their drilling programme at Giffen Well, EL3431, started on 17th June and will target five areas.
 
Re: UXA - Uranium Exploration Australia

I wish you the best of luck with UXA as you have easily been the most loyal shareholder I have ever seen... I read an article in the Herald sun today about the MD being very confident about the share price going up as he has a secret weapon... Some kind of cost effective way of recording accurate measurements of uranium...
 
Re: UXA - Uranium Exploration Australia

insider said:
I wish you the best of luck with UXA as you have easily been the most loyal shareholder I have ever seen... I read an article in the Herald sun today about the MD being very confident about the share price going up as he has a secret weapon... Some kind of cost effective way of recording accurate measurements of uranium...
Click to expand...

Our new MD, Mr Patrick Mutz, is certainly pushing UXA for all it is worth. He has a very experienced Chairman, in Neill Arthur, and I spot the inspirational experienced hand in the background. Patrick is listed as one of the few who have taken a Uranium Company to the production stage. This pair are thinking big and I would not be at all surprised if they pull it off.
 
Re: UXA - Uranium Exploration Australia

Despite the rising possibilities of a strike at one of their tenements - due to cash from sale of shares - UXA are struggling with the tide in the sector as a whole. May continue to float downwards unless good news arrives soon.
 
Re: UXA - Uranium Exploration Australia

Another parcel of UXA in a placement is got away at 35 cents. That does see the stock firmly priced at this level for sometime to come, imho.

UXA are looking for a big find that may be able to be added to the 3 large uranium finds close to the areas they have tenements.

Are UXA a must buy that will hit pay dirt and make us a fortune or are they just going to use up the cash in a fruitless chase for Uranium? You pays your money and takes your chances on cashed up UXA.
 
Re: UXA - Uranium Exploration Australia

i bought in at 48 c and have sat since as the stock slowly sunk. The u areas they are exploring are just too good to pass up :p: quite happy to sit and watch as the upside potential is huge.:p:
 
Re: UXA - Uranium Exploration Australia

Cash appears to be no problem for UXA as a lot more cash will pile in at 20 cents a share if the rights issue is taken up next year. What is a problem, until about April 2008, is the amount of stock in issue.

With no strikes the company would have to think hard as the market looks at the recent placing/offer price of 35 cents and the rights issue price at just 20 cents a share.

Shares quoted total 57,355,893 and quoted options 18,747,000, and UXA have cash in the bank of $6.03 million ( 10.5 cents a share ).
Market quoted cap ( excluding options ) is $18.35 million at 32 cents a share. If all quoted options are taken up, in March 2008, then market cap rises to $24.4 million (at 32 cents a share) with additional cash raised of $3.75 million, ( cash of an additional 5 cents a share ( with 75.75 million shares in issue at March 2008))
 
Re: UXA - Uranium Exploration Australia

UXA have slipped well below the 35 cent placing price to trade at 29 cents, against a high of 54 cents. The company is a gamble on a Uranium/Gold/Copper find but is one of the few that are cashed up for the next few years. Should eventually show strength in these stormy waters.
 
Re: UXA - Uranium Exploration Australia

Quite interesting is the latest announcement by China West International. They now hold over 88.66 million shares in UXA and are yet to complete their current acquisition plans. Cheap at 29 cents on this announcement or not?
 
Re: UXA - Uranium Exploration Australia

I dont know if theres much demand for risky stocks at the moment, considering they still havent found anything. There maybe more underside to this yet. There cash reserves are pretty good though.
 
Re: UXA - Uranium Exploration Australia

mb1 said:
I dont know if theres much demand for risky stocks at the moment, considering they still havent found anything. There maybe more underside to this yet. There cash reserves are pretty good though.
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Hi. it's a bit difficult to know whether China West are buying into many likely minnows on the gamble basis or not, hoping that a few out of 20 or so with good prospects will come up trumps. I'm watching 6 other minnows and hope to pick them up at prices well below those at present. Good luck
 
Re: UXA - Uranium Exploration Australia

With all the interesting drilling coming up, well funded, and China West building a stake; I could not resist picking up a few at 22 cents. May go a lot lower, that's the gamble, anyway, UXA will be exciting over the next few years, imho.
 
Re: UXA - Uranium Exploration Australia

UXA have plunged to 18 cents, down 7 cents (28%) today alone. This seems somewhat overdone although markets are very weak. Will have to buy some more if a bid at 18 cents goes through, risky this, but would have bought two weeks ago at 30 cents.
 
Re: UXA - Uranium Exploration Australia

noirua said:
UXA have plunged to 18 cents, down 7 cents (28%) today alone. This seems somewhat overdone although markets are very weak. Will have to buy some more if a bid at 18 cents goes through, risky this, but would have bought two weeks ago at 30 cents.
Click to expand...

Too late, bounced back to 22 cents. Missed the boat, dam, not sure whether to go higher or not. Must have been asleep there.
 
Re: UXA - Uranium Exploration Australia

After plunging to a low of just 18 cents, UXA have recovered to end the week at 28 cents.
Results from recent drilling should be made available during September 2007.
 

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