Australian (ASX) Stock Market Forum

UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

Hi Noirua

Have been holding UXA for nearly a year and have watched it patiently. Would be nice to finally see some (positive hopefully) movement - at least with drilling results out soon it feels like something is actually happening...

Maz
 
Re: UXA - Uranium Exploration Australia

Mazrox said:
Hi Noirua

Have been holding UXA for nearly a year and have watched it patiently. Would be nice to finally see some (positive hopefully) movement - at least with drilling results out soon it feels like something is actually happening...

Maz
Click to expand...

Hi Masrox, I can't tell if UXA is a good investment or not, just maybe a reasonably good speculation as they are well cashed up for the next two years drilling.
The latest drilling information in September is at Playford and EL3679, 40 km West North West of Olympic Dam and 75 km South East of Prominent Hill, on the Stuart Shelf in the Gawler Craton. UXA have also landed 5 more drilling licences.
 
Re: UXA - Uranium Exploration Australia

Hey Noirua

Nice to see this one moving the right way at last, and on more volume today as well (very low volumes recently, so a good sign?).

Maz
 
Re: UXA - Uranium Exploration Australia

Speaking of uranium, does anybody know who Russia is going to buy from in Aust to supply them with uranium after yesterdays announcement on the news?
I have shares in DYL and MRX which are both mining uranium.
Cheers,
John
 
Re: UXA - Uranium Exploration Australia

Mazrox said:
Hey Noirua

Nice to see this one moving the right way at last, and on more volume today as well (very low volumes recently, so a good sign?).

Maz
Click to expand...

Hi Maz, A good move back to finish the week at 29 cents after that surprising low of 18 cents. With all that's going on in the world UXA remain a gamble; At least the dice will be rolled enough times in the next 2 years to make a discovery all but certain.
 
Re: UXA - Uranium Exploration Australia

johnw7000 said:
Speaking of uranium, does anybody know who Russia is going to buy from in Aust to supply them with uranium after yesterdays announcement on the news?
I have shares in DYL and MRX which are both mining uranium.
Cheers,
John
Click to expand...

Hi John, BHP Billiton were in talks last Spring with, OAO Techsnabexport for possible contracts for supplying Uranium from their Olympic Dam Mine.
 
Re: UXA - Uranium Exploration Australia

UXA are continuing to make attempts to struggle back to the placing price, recently, of 35 cents. Broke away early on to 31.5 cents but fell back to Fridays close.
UXA are becoming a nervous stock with the amount of drilling planned in coming months and some drilling results due before the end of the quarter, on 30th September.
 
Re: UXA - Uranium Exploration Australia

No gold or copper and certainly no uranium, as yet, for good olde UXA, but many a radio report and upbeat comment from, yes, good olde Mr Mutz.
So, perhaps, we can see enthusiasm from one of the most experienced Uranium men on the block, coming to fruition.
Stock price back up to 30.5 cents after a low point of 18 cents.
Are they cheap or are they expensive? Don't know! Probably a solid enough gamble that could well come off.
 
Re: UXA - Uranium Exploration Australia

Im holding from ...wait for it 48c..ouch. Was attracted to its SA tenaments. The other stock I bought was RDM-red metal. Still happy to hold both as the areas they are working in have potential. :cautious:
 
Re: UXA - Uranium Exploration Australia

With results due in several tenements and many more results to come this year, we could see UXA test the 35 cents level shortly. This despite the general reduced interest in the sector as the Uranium price tracks back.
 
Re: UXA - Uranium Exploration Australia

UXA - Statutory Accounts - 30/6/2007 (68 pages): http://www.asx.com.au/asxpdf/20070928/pdf/314txqsdh4hr7z.pdf

UXA have 81,899,895 shares in issue.
UXA Directors have 20,920,000 options.
UXA Shares at posting - 27 cents.
Losses for year ending 30/6/2007 - $1,728,018
Cash available at 30/6/2007 - $6,635,785
Cash used in activities in year ending 30/6/2007 - $1,199,146
 
Re: UXA - Uranium Exploration Australia

UXA stock have continued to slip back and trade at 24.5 cents. This is well down on the 35 cents placing/offer price, and well up on the 18 cents achieved at the peak of the sub-prime slump.

The size of the offering seems to be weighing on UXA and the vibrant drilling programme looks good on reports and radio, now though we need a good drilling report is needed.
 
Re: UXA - Uranium Exploration Australia

Not that much interest in UXA of late and trading has been extremely light. The results from the drilling at Winjabbie, where 1.1% copper was found many moons ago, are due sometime in November or December. Not enough to raise that much excitement, though UXA have been under a cloud since the placement, and MAY be oversold.
 
Re: UXA - Uranium Exploration Australia

UXA is showing some life today, up 10%. There is some good play around the 26.5c mark on well above average volume.

Anyone know something i dont know? Maybe they are expecting some results? Or is there just some general affection being shown to these uranium juniors lately?
 
Re: UXA - Uranium Exploration Australia

i too have noticed a surge in Uranium juniors- WME, BLR GGY and now UXA have all had recent rises. Maybe they were oversold in Augusts correction. i stiil hold UXA after a painful now entry point of 48 c. Strong drilling results is the only way it will return to these levels. Price surge could also be attributed to the rising price of oil and the search for alternatives.
 
Re: UXA - Uranium Exploration Australia

countryboy said:
i too have noticed a surge in Uranium juniors- WME, BLR GGY and now UXA have all had recent rises. Maybe they were oversold in Augusts correction. i stiil hold UXA after a painful now entry point of 48 c. Strong drilling results is the only way it will return to these levels. Price surge could also be attributed to the rising price of oil and the search for alternatives.
Click to expand...


Hi countryboy et al, I'm starting to lose confidence in all this drilling for uranium and gold. I'm sending them an email and advising that coal and iron ore is a far better option, afterall, the Chairman has a great deal of experience and qualifications on the subject.
 

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