UXA - UXA Resources

[nunthewiser]

Re: UXA - Uranium Exploration Australia

i have entered a position on UXA . it is merely a technical play to me and know bugga all about its fundamentals .

i do wish holders well with it tho

 

[Garpal Gumnut]

Re: UXA - Uranium Exploration Australia

i have entered a position on UXA . it is merely a technical play to me and know bugga all about its fundamentals .

i do wish holders well with it tho

Whats your stop loss and profit target you sob.

Always buy at the close.

In the manner of praxis gg prefers brevity to stop popups.

gg

 

[nunthewiser]

Re: UXA - Uranium Exploration Australia

Whats your stop loss and profit target you sob.

Always buy at the close.

In the manner of praxis gg prefers brevity to stop popups.

gg

lol i got a part fill yesty at 12 and chased up today for the rest at 12.5 .... shouldve kept my bid at 12 as would have been filled...... impatience and a misread of the action cost me an extra tick.

11 would see me out

to infinity and beyond is my profit target

 

[Garpal Gumnut]

Re: UXA - Uranium Exploration Australia

lol i got a part fill yesty at 12 and chased up today for the rest at 12.5 .... shouldve kept my bid at 12 as would have been filled...... impatience and a misread of the action cost me an extra tick.

11 would see me out

to infinity and beyond is my profit target

Wise thoughts mate.

If it goes to zero I will demand one of your novices as recompence.

It is a nice chart.

gg

 

[Garpal Gumnut]

Re: UXA - Uranium Exploration Australia

lol i got a part fill yesty at 12 and chased up today for the rest at 12.5 .... shouldve kept my bid at 12 as would have been filled...... impatience and a misread of the action cost me an extra tick.

11 would see me out

to infinity and beyond is my profit target

I'd agree nun, .11 is the stoploss point. I can't tell Dharma that I've bought a uranium share but have high hopes for it.

gg

 

[nunthewiser]

Re: UXA - Uranium Exploration Australia

Got stopped out ... stuck to plan ........... probably wrong , murphy usually shows me that ...........


to any traders watching , thats usually a great entry signal .........should bounce now

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA have tumbled from 19c to around 9c after the high cash raising and issue of so many new shares. The drilling program starts at the end of next week at Crystal Creek to find the extent of the high grade uranium discoveries found earlier in the year.
UXA completed the purchase of Geoscience for $5 million and 500,000 new shares.

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA have tumbled from 19c to around 9c after the high cash raising and issue of so many new shares. The drilling program starts at the end of next week at Crystal Creek to find the extent of the high grade uranium discoveries found earlier in the year.
UXA completed the purchase of Geoscience for $5 million and 500,000 new shares.

The results of drilling at Crystal Creek, Ngalia Thrust are still awaited though drilling appears to have been completed.
UXA raised about $8.66 million from a placing and rights issue and spent $5 million on the purchase of Geoscience.
UXA relinquished EL3751 (Sloane Hill), EL3428 (Roxby Downs), EL3429 (Prominent Hill) and EL3431 (Griffen Well. The reason was mainly depths of 1,000 metres making further exploration to expensive (announced in Annual Report).
The area at Porter Hill (EL3865) remains under review.
The following areas are within the WPA (Woomera Protection Zone) and are held up due to access permits being removed or running out in 2010 - EL3863 (Mount Morgan 100%), EL3432 (Winjabbie 100%) (continuing copper consideration that are outside WPA), EL3430 (Playford 51%, RILA 49%) and EL3679 (Playford E 51%, RILA 49%).

The above has played heavily on UXA despite progress at Crystal Creek. A small director sale of shares has not helped.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Director Mr David Hawley unloaded a further 100,000 shares at 9.5c each taking his holding down to 9,850,000 shares. Not a significant sale; but with results for Uranium drilling at Crystal Creek due out about now it does not look encouraging.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Director Mr David Hawley unloaded a further 100,000 shares at 9.5c each taking his holding down to 9,850,000 shares. Not a significant sale; but with results for Uranium drilling at Crystal Creek due out about now it does not look encouraging.

It seems the assay results for the latest Crystal Creek exploration will be out towards the end of January, about a month later than expected. Sentiment has generally sunk on this stock since earlier highs before the placing of 20c, now 8.2c. Will come as a complete surprise if results are as good as anomaly B drilling early last year.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Drilling at Crystal Creek was disappointing in the end for those of us who still held hopes of a big uranium strike - hell no, I lost all hope long before the results came out. Only chance now is that a partner comes in and pays for further drilling in exchange for an option of a stake in the tenement.
The reason being, that interest has now turned to a WA tenement - at least UXA are not standing around like lemons.

The Geoscience side looks good enough and the American purchase should work well alongside it. Turnover for Geoscience should reach around the $4 - $5 million level this financial year - profits, we'll have to wait and see.

Cash in the bank was $4 million at the end of January, and it looks unlikely that the Geoscience profits will cover all that much of the drilling costs this financial year.

Another placing looks likely in 2010/2011 unless UXA have a good drilling success. Speculative indeed are UXA but they are trying to develop something here.

 

[noirua]

Re: UXA - Uranium Exploration Australia

I bought some more shares at 6c each yesterday and I'm not confident that this gamble will come off. Strange really for me, but something in my waters tells me the price is right for just that, 'a gamble'.

At least UXA have their own drilling company (Geoscience) and can survey and drill tenements that suit them in return for a stake, if it comes off. Probably, or is it maybe, they'll have a better chance now.

I think its forget Ngalia Thrust as it doesn't look as if it's going to come off. Geoscience looks to be the answer that increases the chances for UXA.

 

[Miner]

Re: UXA - Uranium Exploration Australia

I bought some more shares at 6c each yesterday and I'm not confident that this gamble will come off. Strange really for me, but something in my waters tells me the price is right for just that, 'a gamble'.

At least UXA have their own drilling company (Geoscience) and can survey and drill tenements that suit them in return for a stake, if it comes off. Probably, or is it maybe, they'll have a better chance now.

I think its forget Ngalia Thrust as it doesn't look as if it's going to come off. Geoscience looks to be the answer that increases the chances for UXA.

Good luck Noirua and wish you to be a winner.

I have noticed since November 09, you have been batting on your own in the UXA field.

It is going slow but has impressive investors.

At once I held but being impatience unloaded.

With the price it has probably more value compared some of the uranium hopeful.

All the best

 

[noirua]

Re: UXA - Uranium Exploration Australia

The half year report is out and seems to have nothing that is not already known in it; save perhaps the relinquishing of two WA tenements. Share price has been trading in the 5.8c / 6.3c range for a while now and bids under 6c were left on the table yesterday. Cash seems to be used up quite quickly with little impact by the profitable Geoscience subsidiary so far. Reliance remain in place in the remaining JVs in SA, so far that's encouraging, even if favourable drilling results have been found wanting.

 

[Miner]

Re: UXA - Uranium Exploration Australia

Few things I noticed in the report:

Directors fees have increased though they will be kind enough to limit it within $300K where the losses have increased few times. Increased fee for non efficiency ?

Secondly t new assets have been acquired but the net assets and NTA both have reduced. Sum does not match.

Looks like the company is aiming to generate some income through the acquisition thorugh rental activities but not developing mine and producing in immediate future. Very fishy.

Alliance with REY resources who is a coal explorer does not match the chemistry excepting both the companies are loss making.


I do not hold it any more but have a great interest. I am mindful of Reliance who predominately notorious to manipulate government legislation and machineries through lobbying and all sort of clever practices in India. But this is Australia and I am just surprised.

I noticed Barry Dawes is also the director so in near future share raising will make him happy with some commission and allotment of shares to friends.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Should UXA fall to 5c a share (presently 6c) the company will be priced at cash plus their expenditure on the purchase of Geoscience. From experience, this does not make UXA a cheap stock as the cash will runout.
Next venture is in WA at Myroodah and this looks like a hope of near surface uranium. If it doesn't work out then it's on to the next venture.

 

[noirua]

Re: UXA - Uranium Exploration Australia

An old advertising video from March 2009 by MD, Mr Russel Penny of UXA. What's happened since: http://www.uxa.com.au/Latestnews/Looking_to_explore.aspx

 

[countryboy]

Re: UXA - Uranium Exploration Australia

great to listen to with a non australian bias. I wish all news coverage was could be balanced like that interview. The MD was pretty straight forward in saying we are on an exspensive fishing trip with no guarrantee that we will catch something within the size limit.

I will continue to hold UXA as my Uranium speccy and hope we find the pot of of ummmhhh uranium!

having Reliance on board will help things along

 

[noirua]

Re: UXA - Uranium Exploration Australia

great to listen to with a non australian bias. I wish all news coverage was could be balanced like that interview. The MD was pretty straight forward in saying we are on an exspensive fishing trip with no guarrantee that we will catch something within the size limit.

I will continue to hold UXA as my Uranium speccy and hope we find the pot of of ummmhhh uranium!

having Reliance on board will help things along

Hopefully UXA can expect a bid if they find a good uranium deposit so we wont have to wait around an additional 10 years. Somehow I get the feeling that the present board aren't all in there for the long haul. The reason, I feel, they bought Geoscience to drill on as many tenements as possible, either for stakes or their own areas.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Market depth this morning showed 160,000 shares bid at 5.7c (long before market official opening) with a lowest offer at 5.5c for just 18,000 shares. After the 750,000 trade at 5.6c late yesterday there MAY be someone picking up stock.