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 !!!!!
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
I'm not sure noirua.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.
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?
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.
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.
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.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
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.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 .
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?