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UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

I traded UXA sometime back. Seems like they only reached the highs due to the Uranium bubble that was stirred about a year ago. The price it's trading at is probably what it's worth really... it's just an explorer isnt it?

So what if they report drilling results? With the market conditions, who would dare to invest in speculative stocks?

I guess for any of these speculative U stocks to take off again is for Uranium to hit the headlines again. Could be the next major bubble after this credit crunch debacle ends.

I see no upside to UXA. Technically, its in a down trend. Lower lows, lower highs, not good. For it to reverse, it needs to make a new higher high of > 18c. There will be plenty of resistance all the way back up. All i can see is that if it breaks below 15c, I guess further downward pressure is expected. :2twocents
 
Re: UXA - Uranium Exploration Australia

i don't mind a gamble on some stocks.As Noirua says the ground/region they are drilling in has turned up the odd good mine. Reliance bought the story as well so they must like to take a risk as well,

no loss until i sell !:banghead:
 
Re: UXA - Uranium Exploration Australia

countryboy said:
i don't mind a gamble on some stocks. As Noirua says the ground/region they are drilling in has turned up the odd good mine. Reliance bought the story as well so they must like to take a risk as well,
no loss until i sell !:banghead:
Click to expand...
A drilling result from the Playford Tenement is overdue and UXA say it's due to extending the drilling to lower levels than originally anticipated.
I have asked why they are drilling to greater depth, but they have not responded.
 
Re: UXA - Uranium Exploration Australia

I read through again most of their announcements today and noticed I think in the 1st quarter report 07 that the leases in SA around olympic dam all expire 19th Sept. this year. Lot of the drilling is at depth and too often has fallen short of its target. ......glad they are going all the way this time

Also added up how much I've lost on this ..tend to forget what you spend after 12mths.
 
Re: UXA - Uranium Exploration Australia

countryboy said:
I read through again most of their announcements today and noticed I think in the 1st quarter report 07 that the leases in SA around olympic dam all expire 19th Sept. this year. Lot of the drilling is at depth and too often has fallen short of its target. ......glad they are going all the way this time

Also added up how much I've lost on this ..tend to forget what you spend after 12mths.
Click to expand...
UXA are well set to make a find, but as you say, drilling is at some depth. Probably, the former, is the reason most are sitting on their stock.
This share does have some connections with Felix Resources, in a way, as two of the Directors are former directors of that company.
Downside is, that some quite rich holders are not adding stock at these low levels.
 
Re: UXA - Uranium Exploration Australia

from a recent announcement:

UXA is also currently drilling the first hole on the Playford Prospect in South Australia, targeting potential iron-oxide, copper, gold, uranium mineralisation. This target has a gravity signature of 2 mGal and is being drilled for the UXA - RIL (Australia) Joint Venture. Drilling of the first hole at Playford is expected to be completed by the end of March 2008.
With the completion of the latest drill hole on Winjabbie in South Australia, UXA has now completed a total of approximately 8,000 metres of a planned 20,000 metre drilling program across its tenements in South Australia, Western Australia, Northern Territory and New South Wales.
Click to expand...

In this announcement they had a map of their locations around Olympic Dam and Prominent Hill. Add the Northern Territory and you have some super locations to drill in.

Funny..they are chasing Uranium and appear to be finding a lot more copper, gold, silver and iron ore!

End of the month will be interesting:D
 
Re: UXA - Uranium Exploration Australia

countryboy said:
from a recent announcement:



In this announcement they had a map of their locations around Olympic Dam and Prominent Hill. Add the Northern Territory and you have some super locations to drill in.

Funny..they are chasing Uranium and appear to be finding a lot more copper, gold, silver and iron ore!

End of the month will be interesting:D
Click to expand...

Dear Country boy

I am not sure if I would call UXA as funny or misleading the market? The geological / geophysical signatures are distinctively different between Uranium and Iron Ore . So any good geologist or geophysicist will not make a mistake to read seismographs. It is probably deliberate by UXA specially with RIL (no matter they are very smart and shrewed too) they are learning the trade well.

Worth watching UXA

Cheer
 
Re: UXA - Uranium Exploration Australia

I've picked up some of these stocks as the spot price of U is at a low of $70. Also gambling on the good drilling results that should be coming through.

Good luck to all that hold.
 
Re: UXA - Uranium Exploration Australia

Director Mr David Hawley, has great confidence in the old gold mining areas near Mudgee, NSW. UXA have a 270Km² area at EL6498, Gulgong/Ulan.
Mr Hawley said the company was seeking to find gold, copper and rare earths.
 
Re: UXA - Uranium Exploration Australia

noirua said:
Director Mr David Hawley, has great confidence in the old gold mining areas near Mudgee, NSW. UXA have a 270Km² area at EL6498, Gulgong/Ulan.
Mr Hawley said the company was seeking to find gold, copper and rare earths.
Click to expand...
Not sure why, maybe the gambling instinct in me, just had to add a few more after my oppies came to nowt.
MD, Mr Patrick Mutz is in Los Angeles at the Uranium Conference there, and of course, would say, "the uranium sector is soft at the moment but would recover". Let's hope he has the same success as his time with Heathgate brought.
 
Re: UXA - Uranium Exploration Australia

noirua said:
Not sure why, maybe the gambling instinct in me, just had to add a few more after my oppies came to nowt.
MD, Mr Patrick Mutz is in Los Angeles at the Uranium Conference there, and of course, would say, "the uranium sector is soft at the moment but would recover". Let's hope he has the same success as his time with Heathgate brought.
Click to expand...

Is your gambling instinct as strong as Kerry Packer and it always pays off ? If yes, I do not mind to put something in UXA again. I sold then earlier just before the big dive.

Please tell me your instinctive 6 numners between 1- 45.

Regards
 
Re: UXA - Uranium Exploration Australia

The latest 3rd Quarter Activity Report is broadly neutral and shows there is hope of an eventual strike. However, not much has changed: http://www.uxa.com.au/Mar2008QtrActivitiesReport.html
The Financial Report shows $7,289,000 in the Bank. Spent in the last quarter $1,635,000 and $4,629,000 in the last 9 months.
In about one years time the cash in Bank is set to reduce by around $6.5 million, if expenditure continues at the present rate. That points to further placings or/and rights issue.
 
Re: UXA - Uranium Exploration Australia

Playfod looks like it came up blank.
With 4 million to be spent on drilling in 12 mths you would have to think they would hit something to move the share price.

I may be wrong but I thought Reliance were going to flick them some money or was that included in the 4 million.

yep- pretty bland report
 
Re: UXA - Uranium Exploration Australia

countryboy said:
Playfod looks like it came up blank.
With 4 million to be spent on drilling in 12 mths you would have to think they would hit something to move the share price.
I may be wrong but I thought Reliance were going to flick them some money or was that included in the 4 million.
yep- pretty bland report
Click to expand...
UXA have $7,289,000 in the bank at the end of the March Quarter. The contribution from Reliance Industries is included in this.
 
Re: UXA - Uranium Exploration Australia

noirua said:
Second Quarter Report to 31st December 2008 of UXA: http://www.uxa.com.au/Dec2008QuarterReport.html
Click to expand...
The drilling side of UXA does seem very disappointing after all the enthusiasm that took the share price up to 51c. Now trading at a quarter of the float price (20c plus one free option that retired worthless) and despite JV's with Reliance, much heralded, the way forward does not look very encouraging.

The purchase of the assets of Geophysical Logging Limited looked a good move at the time, though markets have receded since.
UXA expect pay back of the $1 million spent within three years from profits.
UXA say this will reduce the companies risk, maybe so, but costs continue and the cash pile is reducing quite quickly.
Time for directors to reduce pay and costs dramatically.
 
Re: UXA - Uranium Exploration Australia

noirua said:
The drilling side of UXA does seem very disappointing after all the enthusiasm that took the share price up to 51c. Now trading at a quarter of the float price (20c plus one free option that retired worthless) and despite JV's with Reliance, much heralded, the way forward does not look very encouraging.

The purchase of the assets of Geophysical Logging Limited looked a good move at the time, though markets have receded since.
UXA expect pay back of the $1 million spent within three years from profits.
UXA say this will reduce the companies risk, maybe so, but costs continue and the cash pile is reducing quite quickly.
Time for directors to reduce pay and costs dramatically.
Click to expand...

Well, UXA have terminated their agreement to purchase Geoscience Associated (Australia) PTY Ltd., as Geoscience failed to obtain agreed financing. UXA had $4 million in the bank at the end of last year.
http://www.uxa.com.au/Announcements.2009.html#mar13
 
Re: UXA - Uranium Exploration Australia

recent interest in uranium has seen a wee sparkle across the sector ...mostly talk on the media. this is had little or no impact on the SP of UXA

My only U stock cant find any U ! latest results are as disappointing as my spelling !
 
Re: UXA - Uranium Exploration Australia

HOLY MOLY ! . this mob still listed ??? remebers when they floated on the back of the uranium market darling time ..... they got any cash left ? ..... were they nr olimpic dam or something ?? sorry if a bit hazy as was quite a few overhyped stocks at the time ........ havent looked in yonkls ever since trading the hype but wouldnt mind an update if anyone got anything to say about them

cheers
 

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