Australian (ASX) Stock Market Forum

UXA - UXA Resources

Re: UXA - Uranium Exploration Australia

how far do you feel this could run? Could it get back to its old range above 40 cents?

Are they expecting any drilling results soon?
 
Re: UXA - Uranium Exploration Australia

No prob's, as we head into an excellent drilling programme in 2008, starting January, with 9 of the 13 tenements secured by JV's :xmaswave
 
Re: UXA - Uranium Exploration Australia

UXA have identified high intensity Drill Target near Olympic Dam in S.A., at their Playford and Playford South East Exploration licences EL3430 and EL3679.

Relative Gravity signature is more intense than at Carrapateena and Prominent Hill.

Absence of magnetic signature indicates potential hematite IOCGU deposit.

Drilling starts in December 2007.

http://www.asx.com.au/asxpdf/20071120/pdf/315xspr6hfxykg.pdf


Having read this drilling report again and despite drilling being put back to January, I've decided to add a few shares on a gamble that this gravity signature may be something big. More likely it's not though.
 
Re: UXA - Uranium Exploration Australia

year i agree Noirua- the potential through the gawler grafton is looking impressive. Weekend Financial review mentioned the area for a look in 2008. At a mid 20c SP i bought more to average down from....48c entry price( i make myself print this to remind myself of how stupid and impulsive i can be !)
Only hold a small parcel and will sit on it through 08.
 
Re: UXA - Uranium Exploration Australia

have held uxa for awhile watching and waiting until 30% of my investment had slid away so sold for a loss

there are so many junior explorers looking for the stuff in australia yet we have very strict exportation rules and certain states which are against mineing re: tas qld wa , and i dont think the new government is going to be of much help either

how to know what is and isnt a good investment maybe the explorers with leases adjoining existing mines may have a chance of receiving royalties or being bought out but i think thats a long way off yet
have dropped all my uranium portfolio and put into gold and oil/gas , we know there is good market for them , they are user freindly and have major support of the larger economic community

to me buying into a lot of these stock is like walking in a mine field (pardon the pun )
 
Re: UXA - Uranium Exploration Australia

have held uxa for awhile watching and waiting until 30% of my investment had slid away so sold for a loss

there are so many junior explorers looking for the stuff in australia yet we have very strict exportation rules and certain states which are against mineing re: tas qld wa , and i dont think the new government is going to be of much help either

how to know what is and isnt a good investment maybe the explorers with leases adjoining existing mines may have a chance of receiving royalties or being bought out but i think thats a long way off yet
have dropped all my uranium portfolio and put into gold and oil/gas , we know there is good market for them , they are user freindly and have major support of the larger economic community

to me buying into a lot of these stock is like walking in a mine field (pardon the pun )

Hi Jackson

If you refer my earlier post, I have referred Reliance connection and there are strong opportunities to get the price up.
I am looking for a right opportunity to buy it a low price in early next year.

Regards
 
Re: UXA - Uranium Exploration Australia

Providing the information from the surveys prove accurate then UXA look more likely to find iron ore in hematite form at Playford and Playford S.E: http://www.all-that-gifts.com/se/hematite.html

Let's not get carried away with the likely prospects at Playford and Playford S.E. as there is no magnetic signature and UXA have said it most likely indicates hematite.

Secondly, the depth is a deep, 900 to 1,000 metres, even though UXA describe it as being a '...strong and discrete gravity anomaly' at a gravity signature of 2.0mGal
Carapateena has a gravity signature 2.0mGal at a depth of 400-500 metres. (Taken from 2006 results)
UXA point out, that if their Playford target was at the same depth as Carapateena it would register 5 to 6mGal.

We need to do a lot more comparing of details and likely costs to see what all this means.

UXA also point out the following: 2004 - Prominent Hill and 2006 - Olympic Dam, results:
Prominent Hill - 4.5mGal at a depth of 200 metres.
Olympic Dam - 17mGal at a depth of 350 metres.

Again we need to do more comparing of details. These finds are at quite reasonable depths and the impressive figures for Olympic Dam look to be in a completely different league to those at Playford and Playford S.E.
 
Re: UXA - Uranium Exploration Australia

UXA makes NEW surface uranium discovery near Bigrlyi Project in the Northern Territory: http://www.asx.com.au/asxpdf/20080108/pdf/316trz6kky1Kb8.pdf

UXA fell two cents to 29 cents after the Ngalia Trust, EL24566 results.

Ngalia results showed an average 90ppm U308 with the highest at 230ppm.
In comparison, Alliance Trust's Tanzanian report showed an average 942ppm U308, with a range between 400ppm and 2,647 ppm, in March 2007.
 
Re: UXA - Uranium Exploration Australia

Interview at Boardroom Radio with UXA's MD, Mr Patrick Mutz - today at 1pm AEST, "Surface Uranium Discovered": http://www.brr.com.au/event/39624

An upbeat report by UXA's MD, Mr Patrick Mutz as they go ahead with drilling and trenching surveys at their Crystal Creek Prospect, Ngalia Trust Surface Uranium Discovery EL24566, near Bigryyi in NT: Before continuing with drilling as soon as possible. Hoping that this may lead to a major discovery.

Also reported that they were awaiting a larger drilling rig at the companies Stuart Shelf tenements, where they have drilled to a depth of 830 metres, just before Xmas. Iron oxide, copper, gold prospect.

Due to drill at a density target at the Winjabbie prospect, for Iron Ore, copper and gold.

Also about to continue drilling at the companies Playford tenements near Oxiana. Prospects for a larger TPGA deposit than either Carapateena or Prominent Hill.
 
Re: UXA - Uranium Exploration Australia

I hope they get going soon, Noirua - I'm starting to get nervous about my March 08 options... (holding heads as well).

When they got Patrick Mutz on board I had hopes of things moving along quicker than they have done.

(sigh)

Maz
 
Re: UXA - Uranium Exploration Australia

I hope they get going soon, Noirua - I'm starting to get nervous about my March 08 options... (holding heads as well).

When they got Patrick Mutz on board I had hopes of things moving along quicker than they have done.

(sigh)

Maz

...and I'm sure the Board of UXA are nervous about the options as well as the fall today, at 25 cents, is getting too close for comfort. You can confidently expect them to come up with something good by March.
 
Re: UXA - Uranium Exploration Australia

I was going to post how confident I am about the prospects for UXA in their present drilling programme and how I added more stock. However, when it came to it I only nearly did.
Maybe I'm concerned about the option conversion at the end of March and perhaps I could buy them cheaper later. Will wait and see.
 
Re: UXA - Uranium Exploration Australia

Yes I agree.
If you hear the recent video interview of the CEO then he qualified that surface find does not mean any thing. Actual drilling may result excitment or not. So he qualified at both end. Then he said however the future is exciting.
I bought it purely relying on Reliance has taken substantial holding. However the uranium has lost its charm now .

Hope Hope and HOpe

Regards
 
Re: UXA - Uranium Exploration Australia

Miner,

Exactly my sentiments of investing in UXA - Reliance. I am a very old investor in Reliance Industries in India & they have never put a finger in the wrong pie in their life. I am not surprised that Mukesh Ambani of Reliance is the world's richest person at the moment.

I am sure they will come up a winner out here in Australia too. Go UXA !!!!!
 
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