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UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

It seems to have formed a good support level @ 27/28c

Hmm nice spring board for drilling, only 2-3weeks to go, if it can hold, new uranium spots out for this week, will it hit the magical $40 ? ? ? ? ? ? ?
 
Re: UXA - Uranium Exploration Australia

Hmm closed below support of 28c

More retracing to come?

I doubt it will get to my re-entry levels of 20-21c, but it may,

Thoughts?

Drilling is still 2-3weeks away
 
Re: UXA - Uranium Exploration Australia

Interesting




$1m hunt for more uranium
Chris Pippos
19mar06
A SYDNEY company is on the brink of launching another huge uranium exploration in South Australia, spanning almost 4000 sq km.

Located at seven sites in the north of the state, in the vicinity of and surrounding Olympic Dam, the survey and drilling exploration may begin as early as April, according to Uranium Exploration Australia Ltd.

The size of the exploration area is further evidence of a uranium boom in SA, symbolised by the expansion of Olympic Dam and the growing number of companies circling the area for uranium.

"I think we are the second or third largest tenement holder in Olympic Dam," company managing director David Hawley said about the area to be explored.

The company would spend about $1 million over two years to search for uranium, hoping the ALP nationally changes its position and allows more uranium mines in SA.









It was a "fait accompli" the three mines policy would be overturned at the party's 2007 national conference, Mr Hawley said.

"There's a lot of really big overseas mining companies that would like to get in," he said.

UEA still needed to negotiate a native title mining agreement before starting its exploration.

Recent figures show 25 Australian and international companies have 86 uranium exploration licences in SA – an increase of about 100 per cent in three years.

Chamber of Mines and Energy chief executive Phil Sutherland said the size of UEA's exploration highlighted the "explosion of uranium activity in the past year or two".

"It would have to be up there with one of the larger ones," Mr Sutherland said.

"They have certainly taken up a large area and that would indicate they are very, very serious and they are prepared to put a lot of money into the exploration effort." SA has 41 per cent of the world's low-cost economic reserves of uranium, with most exported to a range of countries, including Canada and the US, for power generation.

Latest Bureau of Statistics figures show the amount spent on all mineral exploration in SA has more than doubled in recent months.

Almost $40 million was spent on exploration in the December quarter, compared with $17.2 million in the previous quarter.

SA also had the largest increase in such expenditure nationally over the same period.

The boom coincides with negotiations between Australia and China to sell large quantities of uranium to China.
 
Re: UXA - Uranium Exploration Australia

UXA trading back above 28c, change of polarity?

lets see how long 28c level holds as support
 
Re: UXA - Uranium Exploration Australia

I love watching this stock go a little nuts for no reason, (ASX: any reason why you were speeding? eeerrrrr well you see officer the thing is.....)

It definately has become a traders favourite now, can't wait for some drilling action, doesn't look like I'll get my re-entry chance, but I got free opies!
 
Re: UXA - Uranium Exploration Australia

Well it definately closed well above 28c support/resistance level, for no good reason, maybe some technical charting reaon, but as far as fundamentals go, drilling is 2 weeks away, maybe price of Uranium going up again? who knows, but as I said the traders seem to love this stock
 
Re: UXA - Uranium Exploration Australia

Trading at 31.5 cents UXA are unlikely to issue any news for several weeks. Rumours of any strike are likely to break early. Put on your seatbelts and parachutes.
 
Re: UXA - Uranium Exploration Australia

A jump to 37.5 cents and options 17.5 cents this morning may be only the beginning of this stocks rise to prominence.
 
Re: UXA - Uranium Exploration Australia

I really under-estimated this stocks power,

I was hoping for a retrace early last week/week before so I could re-enter,

I thought stock would lose its fizz, I now see why its going nuts, from what I gather theres 4 reasons

1. Uranium is going crazy!

2. UXA's drilling starts in a week or so and its Airborne Surveys will re-commence ie follow ups in April as well

3. There is a Uranium Conference on this Thurs and Friday in S.A.

4. As I stated from the start of this thread UXA has some of the best grounds in Aus, its holdings in S.A. and N.T. are excellent, especially some of its N.T. areas


I also now look at it like this, if this were an IPO a list of 40c on a 20c IPO would be considered avg given the performance of other Uranium players, so then a list of 60c or so sounds very good, thus I think 60c is an achievable (although difficult) target!
 
Re: UXA - Uranium Exploration Australia

UXA have gone through the 50 cent level before falling back a little. The anywhere stock continues the climb, but where next ????????????????
 
Re: UXA - Uranium Exploration Australia

Hey Noi old buddy,

Hows UXA treating you? Good obviously,

I think 60c is achievable, just need to release an ann about upcoming drilling to "REMIND" the mkt and wooshhhhhhh!
 
Re: UXA - Uranium Exploration Australia

YOUNG_TRADER said:
Hey Noi old buddy,

Hows UXA treating you? Good obviously,

I think 60c is achievable, just need to release an ann about upcoming drilling to "REMIND" the mkt and wooshhhhhhh!
Click to expand...

hi is UXA better or MTN at current prices?

thx

MS
 
Re: UXA - Uranium Exploration Australia

Michael do some research you should be able to answer that question for yourself,

Look @ both their mkt caps fully diluted ie not just listed shares, unlisted escrowed stock as well.


Then look at what each has and decide
 
Re: UXA - Uranium Exploration Australia

Now I'm no charter, so I'd appreciate some tech views on this,

But was watching the chart last night and realised from the way the stock opened this morning it would falter, hence sold my options netting $14k :D

Now chart shows that from

7th March to 9th March Chart had 3 strong updays, which resulted in RSI peaking at 90, the following day being 10th March opened above close of previous day, but only slightly and then began a downwards movement finishing at 29.5. For the next week chart fell to 25c and RSI to 55 after which point the stock began its current uptrend,

Now interestingly from the
27th March to the 29th March chart again had 3 strong updays, again resulted in RSI peaking at 85, the following day ie TODAY opened slightly above yesterdays close and then moved swiftly downwards, thus I think we can expect more drifiting to around 40c level until RSI moves down to at least 60, at which point it should re-bound, which funnily enough should be when the drilling begins


Techies what do you think?
 
Re: UXA - Uranium Exploration Australia

YOUNG_TRADER said:
Hey Noi old buddy,

Hows UXA treating you? Good obviously,

I think 60c is achievable, just need to release an ann about upcoming drilling to "REMIND" the mkt and wooshhhhhhh!
Click to expand...

HI Y_T et al, at the moment I am in deep thought about UXA as most holders are sitting waiting for the results in April and the rest may dump on a whim. Perhaps todays shakeout will test the resolve of the remainder. I will take out them there worry beads and fiddle to calm myself.

Will the stock go a lot higher be for the results ? Probably yes, as a big strike should send UXA through $10.00. Most will look one way only and not at the 1c level which could result on no commercial finds.
 
Re: UXA - Uranium Exploration Australia

Like I said in my above post I see the stock turning for a few days, consolidating around 40c level until RSI settles to 60 ish then should get up again, I cashed in opies for nice profit so I'm out
 
Re: UXA - Uranium Exploration Australia

YOUNG_TRADER said:
Like I said in my above post I see the stock turning for a few days, consolidating around 40c level until RSI settles to 60 ish then should get up again, I cashed in opies for nice profit so I'm out
Click to expand...
I have a feeling that UXA will bounce back very smartly indeed and go back through 50 cents and test 60 cents within days. Stocks always go far higher than they should in speculative markets and a price of 80 cents could be seen quite soon.
 
Re: UXA - Uranium Exploration Australia

noirua said:
I have a feeling that UXA will bounce back very smartly indeed and go back through 50 cents and test 60 cents within days. Stocks always go far higher than they should in speculative markets and a price of 80 cents could be seen quite soon.
Click to expand...

So far, so good, as UXA go through 50 cents.
 
Re: UXA - Uranium Exploration Australia

Good Luck Noi, I made $15k profit on opies so I wasn't complaining, hope you make a ton! :D
 

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