Australian (ASX) Stock Market Forum

UXA - UXA Resources

Jump to new
Re: UXA - Uranium Exploration Australia

mr_delta said:
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 !!!!!
Click to expand...

I'm not sure Mukesh Ambani is as generous as Bill Gates. All these sums BG gives away may be keeping him poor.

I haven't check yet as to how many pies MA has invested in.
 
Re: UXA - Uranium Exploration Australia

Down to 21.5 cents at the end of the week and desperately close to the 20 cent option conversion price for 31st March 2008.
This would bring in about $9 million to the exploration coffers of UXA and is very important, despite the JV's on 9 tenements helping the cost and risk factors.
Unfortunately these option conversions are keeping everyones eyes off the ball at the moment and the 20 cent barrier stands there waiting: http://www.uxa.com.au
Market cap around $14 million rising to $23.5 million on option conversion at 21.5 cents.
 
Re: UXA - Uranium Exploration Australia

UXA now trade at the anticipated market price of the option conversion at 20 cents (31/3/2008 - less than 8 weeks away.) Which way now?

A good drilling report or a report that key directors have converted their options early and in full at 20 cents a share, this could do the trick.

If neither happens then the price could gradually sink below 20 cents and the options retire worthless: Both to the shareholders and UXA.
 
Re: UXA - Uranium Exploration Australia

There are so many days of ups and downs before 31st March and surprises.
I am just waiting to see the SP goes down further so that I can buy some cheapies just to sell in March again.
At least to cover up my loss in SDL.
All exploration shares like these are like false pain without even having conceived !!1
 
Re: UXA - Uranium Exploration Australia

Miner said:
There are so many days of ups and downs before 31st March and surprises.
I am just waiting to see the SP goes down further so that I can buy some cheapies just to sell in March again.
At least to cover up my loss in SDL.
All exploration shares like these are like false pain without even having conceived !!1
Click to expand...

Very difficult to make a decision in a falling knife situation with the backdrop of a good drilling report, perhaps waiting in the wings, and the oppies fogging up the scene.
 
Re: UXA - Uranium Exploration Australia

Sunk below the oppies conversion price of 20 cents, 19.5 cents at the close (31st March 2008 - oppies conversion date).
We have a "come and save me operation here", as there appears to be no bottom for this stock.
Are Uranium prospective miners this badly thought of?
Is this an opportunity? - You might ask - an opportunity to buy or unload?????? - who knows my friend, certainly not me, and I hold the stock.
 
Re: UXA - Uranium Exploration Australia

With the low price of the oppies there is a "worth a punt" for the gamblers here. If you are able to get them, as there appear few sellers around at the O.6 cent last trade.
Stock down to a very low price at 17.0 cents, very much in line with explorers in this sector, and interesting at this level, imho.
 
Re: UXA - Uranium Exploration Australia

noirua said:
With the low price of the oppies there is a "worth a punt" for the gamblers here. If you are able to get them, as there appear few sellers around at the O.6 cent last trade.
Stock down to a very low price at 17.0 cents, very much in line with explorers in this sector, and interesting at this level, imho.
Click to expand...
I'm not sure noirua.

Just reading their Dec Qtly and there's not a great deal to be excited about.

Their 'discovery' near Bigryli with soil samples averaging 90 ppm, isn't even bad Namibia grades. Aweful really. Really gotta be getting 500ppm's + in Australia don't you?

The 'gravity signature' of 2.0mGal in the OD province is prospective, but at 900m ish, could be anything...

Anything else?
 
Re: UXA - Uranium Exploration Australia

kennas said:
I'm not sure noirua.

Just reading their Dec Qtly and there's not a great deal to be excited about.

Their 'discovery' near Bigryli with soil samples averaging 90 ppm, isn't even bad Namibia grades. Aweful really. Really gotta be getting 500ppm's + in Australia don't you?

The 'gravity signature' of 2.0mGal in the OD province is prospective, but at 900m ish, could be anything...

Anything else?
Click to expand...

Anything else? Only achievement in the last two years are the joint ventures over 9 tenements. Quite a lot is made of the Reliant relationship over JV's in SA and NT, and the financial clout of Reliant in India.
 
Re: UXA - Uranium Exploration Australia

noirua said:
With the low price of the oppies there is a "worth a punt" for the gamblers here. If you are able to get them, as there appear few sellers around at the O.6 cent last trade.
Stock down to a very low price at 17.0 cents, very much in line with explorers in this sector, and interesting at this level, imho.
Click to expand...

Maybe, just maybe, UXA will start to lift and the options could well have proved to be very cheap at just 0.6 cents - VERY high risk indeed. Up just a snippet at 18 cents and news due throughout the year on joint ventures.
 
Re: UXA - Uranium Exploration Australia

noirua said:
Maybe, just maybe, UXA will start to lift and the options could well have proved to be very cheap at just 0.6 cents - VERY high risk indeed. Up just a snippet at 18 cents and news due throughout the year on joint ventures.
Click to expand...

Well, well, well, it's another announcement from UXA, no drilling results sadly only a report that they are about to drill at their Playford JV tenement.
The price of the shares went up so I musn't grumble and my small option gamble might come off yet.
Stop moaning noirua! OK, OK, best of luck with the drilling UXA: http://www.asx.com.au/asxpdf/20080227/pdf/317pjx709y0fpr.pdf
 
Re: UXA - Uranium Exploration Australia

I hope they get the drilling results through quickly! Still holding those options (and some heads).

Watching with interest and hoping for the best...

Maz
 
Re: UXA - Uranium Exploration Australia

Mazrox said:
I hope they get the drilling results through quickly! Still holding those options (and some heads).
Watching with interest and hoping for the best...
Maz
Click to expand...
Hi Mazrox, things are improving and my 0.6 cent gamble options are starting to lift, and I hope they do a further sprint and give you a chance to at least have a small swag on your back. I think, nod and a wink, someone is buying to get this option conversion home and dry. Wise old bird is Chairman Neill Arthur, been in the business over 40 years they say.
 
Re: UXA - Uranium Exploration Australia

the way I read this and please correct me if you think Im wrong. ..grades are too low at that depth to worry about. Couple of other companies also thought the same thing. must admit the area is worth spending some money on .
 
Re: UXA - Uranium Exploration Australia

countryboy said:
the way I read this and please correct me if you think Im wrong. ..grades are too low at that depth to worry about. Couple of other companies also thought the same thing. must admit the area is worth spending some money on .
Click to expand...
Depths do seem to be a problem with all of UXA's present drilling. Results do need to be very good and there appears to be little point in publishing results like these. Western Mining did a lot of drilling in the 1980's and did not achieve much.
 
Re: UXA - Uranium Exploration Australia

Now, I'm not sure why I'm still invested in this stock and my options retired worthless as well, such is life. Sunk to 15 cents and once, seems like a million years ago now, they reached 51 cents. What are they now? Only a lowsy 15 cents.

Any upside likely in this sad old, well not so old, uranium exploration stock. A drilling result due shortly, infact today, though being April 1st you couldn't even trust that or could you.

We are in a drilling in hope situation with UXA failing to get about $10 million in from the options, unless you of course converted yours at 20 cents with the price at just 15 cents.

Seriously though, the company has a large numbers of JV's in SA and many promising tenements. I will sit and wait, hope and pray, and who knows.
 

Similar threads

System
RIE - Riedel Resources
2
Replies
25
Views
8K
Telamelo
T
R
IRAQ: the Big (neo) Con
Replies
1
Views
5K
basilio
basilio
Top