UXA - UXA Resources

[noirua]

Re: UXA - Uranium Exploration Australia

UXA continue bouncing along the bottom and have spent 14 weeks doing so. Now at the top of this trend with a weak effort to try and break above 4.3c and stay there.
Next week should reveal further results from Swallows Hof near Yambla, that will confirm or otherwise the highest uranium reading at 13.7%, albeit for just one small piece of rock.
Must come right sometime ?????????
UXA Chairman, Neill Arthur, is at present in London on unknown business in the mining sector. An outside chance UXA could apply for a listing on the LSE AIM market, though that's only my thoughts alone.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Somewhat forgotten were UXA's results at Crystal Creek, Ngalia Thrust, NT, as the results for their Uranium find at anomalies A & B were below earlier expectations. UXA, in their latest reports have indicated that exploration drilling continues and further results can be expected before their AGM in October this year.
South of Crystal Creek UXA continue to survey the area at Annie Springs.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Signs of a stirring in market depth early on with a 600T bid at 4.4c and 120T at 4.5c, with 4.2c offer and 4.3c offer for 322.5T. With so much exploration in the next 12 months and 4JVs on the go, plus the USA activity, then this may be the time to look at this stock again. Uranium price lifted $4.25 to US$46 in late July with expectations of $58 in 2011.
NB. I hold a lot of UXA stock.

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA remain firm in the usual light trading with only a few holders selling despite holdings not being tight. At the 4.4c close it compares with last months low point of 3.1c.
Further results of the rock surface analysis at Yambla are expected in a few days time. This follows uranium results yielding up to 13.7%.

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

I got onto UXA with 2 packages one yesterday and one today both at .043 there was another order for 120000 @ .044 which wasn't me but a partial fill on that order saw a .001 increase which was the 2.33% on a day where most stocks fell.
It was low volume today but I'm hoping for a good report in a few days for a bit of volume lift and a push in the right direction.
I have been waiting for a couple of weeks now to see if UXA would return to between .035 and .030 but its apparent to me that its not going to happen in the next week with news due very shortly, so now im in for the short to mid term depending what happens with the charts in the next couple of weeks.
DYOR

 

[Sean K]

Re: UXA - Uranium Exploration Australia

Aurion, you still holding this sucker. Golly, been a disaster the past 4 years, really.

What happened to that silver prospect about 3 years ago?

 

[noirua]

Re: UXA - Uranium Exploration Australia

Aurion, you still holding this sucker. Golly, been a disaster the past 4 years, really.

What happened to that silver prospect about 3 years ago?

Hi kennas, Your memory is good, no sign of alzheimers, and that silver came from the drill I seem to remember.

UXA has been a rocky ride but so was Felix Resources - 40c in 1999, $13.50 in 2000, 38c in 2003, $23.30 in 2008. Finally taken over for $18.10 though the SAC float off is worth an extra 50c after the WEC takeover.

I held Woodside, 50c in 1967, 20c 1972, $1.80 in 1978, 40c in 1982, $3.00 in 1997, and now about $46.00.

Patience is needed and if UXA come off like FLX then I'm a multimillionaire in one stock. Can't prove my holding of course, but the story shows how those of us who buy high risk stocks also 'Ride the Dreams'.

Good luck kennas; only if you buy UXA of course

 

[noirua]

Re: UXA - Uranium Exploration Australia

I got onto UXA with 2 packages one yesterday and one today both at .043 there was another order for 120000 @ .044 which wasn't me but a partial fill on that order saw a .001 increase which was the 2.33% on a day where most stocks fell.
It was low volume today but I'm hoping for a good report in a few days for a bit of volume lift and a push in the right direction.
I have been waiting for a couple of weeks now to see if UXA would return to between .035 and .030 but its apparent to me that its not going to happen in the next week with news due very shortly, so now im in for the short to mid term depending what happens with the charts in the next couple of weeks.
DYOR

Many uranium stocks have lifted on the uranium US$4.25 rise last month. Many forecasts going the rounds between $55 - $58 for uranium in 2011.
Stories in the UK's Daily Telegraph talk of buying up of uranium by the Chinese.
UXA have no uranium but any find is more viable at $50 per lb plus.

Just remembered that UXA consider their Crystal Creek find at Ngalia Thrust, NT, as a find. The market doesn't think so and hasn't been encouraged by the Yambla, NT, Swallows Hof pebble at 13.7% uranium - more results shortly, as I think you know. The market likes the idea of running out the PFN technology in the USA and probably the reason for the stocks partial recovery. I've exchanged emails with directors but they're giving nothing away. Best answer I got was, "thanks for your support".

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

UXA SIGNS AGREEMENT TO PURCHASE U.S. HIGH
TECH PFN LOGGING COMPANY
Transaction completes UXA’s worldwide ownership of the PFN business
and provides UXA with a borehole logging business, to service the
lucrative U.S. uranium industry
Uranium Exploration Australia Limited (ASX: UXA) is pleased to announce that it has signed a
heads of agreement for the purchase of 100% of the business and assets of the specialised Prompt
Fission Neutron (PFN) borehole logging business from GeoInstruments Logging LLC (GIL) situated
in Texas, USA.
The purchase will complete UXA’s ownership of PFN technology and logging worldwide and
provides the Company with a fully operational borehole logging business in the United States,
which is currently providing PFN logging services to a number of clients, complementing UXA’s
Australian PFN business.

http://www.uxa.com.au/site/DefaultS...ts/2010/UXA Purchases USA Logging Company.pdf

This announcement may be enough to hold UXA on a day that will see many losses if the DOW is anything to go by from last nights trades

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

Well it wasn't to be....as predicted it was a harsh day seen by most companies and we saw a fall of $0.004 / -9.09%.
Tomorrow is another day

 

[Garpal Gumnut]

Re: UXA - Uranium Exploration Australia

Aurion, you still holding this sucker. Golly, been a disaster the past 4 years, really.

What happened to that silver prospect about 3 years ago?

I'd look at that chart carefully again, kennas mate, it looks like a wyckoff cross the creek doofillakie may ensue if the volume keeps arising.

I haven't looked seriously at the markets for a while but am gearing up for the coming bloodbath.

Are uranium shares generally up or down?, I could google it but thought I'd contribute to the stimulus.

I might throw some cigar money at this little mudder.

gg

 

[Sean K]

Re: UXA - Uranium Exploration Australia

Hi kennas, Your memory is good, no sign of alzheimers, and that silver came from the drill I seem to remember.

UXA has been a rocky ride but so was Felix Resources - 40c in 1999, $13.50 in 2000, 38c in 2003, $23.30 in 2008. Finally taken over for $18.10 though the SAC float off is worth an extra 50c after the WEC takeover.

I held Woodside, 50c in 1967, 20c 1972, $1.80 in 1978, 40c in 1982, $3.00 in 1997, and now about $46.00.

Patience is needed and if UXA come off like FLX then I'm a multimillionaire in one stock. Can't prove my holding of course, but the story shows how those of us who buy high risk stocks also 'Ride the Dreams'.

Good luck kennas; only if you buy UXA of course

Wow, some good success stories there.

I'm not sure if PFN logging will take UXA to new WPL heights.

The silver might have. If it hadn't have been sprinkled on.

Good luck!

WPL 50c in 67!

 

[Sean K]

Re: UXA - Uranium Exploration Australia

I'd look at that chart carefully again, kennas mate, it looks like a wyckoff cross the creek doofillakie may ensue if the volume keeps arising.

I haven't looked seriously at the markets for a while but am gearing up for the coming bloodbath.

Are uranium shares generally up or down?, I could google it but thought I'd contribute to the stimulus.

I might throw some cigar money at this little mudder.

gg

I haven't been looking too serious either, and like you, just getting prepared. Uranium is generally down I think. Having bubbled up to over $100 and back to normal levels below $60 the juniors who switched from tech to U got smashed. EXT being one of the few success stories, although way off major highs still. Maybe throw a couple of Castros at this one.

 

[noirua]

Re: UXA - Uranium Exploration Australia

I don't give that much credence to the UXA day-to-day share price. Over 110 million shares are held my small holders and most are sitting on them, causing low trading in the stock. Only 1.2 million shares costing just $48,000 puts you in the top 20 shareholders.
Some days no stock is traded and occasionally the whole days trading is crossed.
A sudden large order of stock would send the price up sharply though it's a case of few sellers just balanced by buyers of stock, at the moment.

UXA have about $2.68 million in cash with borrowings of $2.7 million. At some stage UXA will have to raise cash or increase borrowings further. I'm told that nothing has been sent to UXA's list of sophisticated investors [though part of this list is used to benefit foreign shareholders who can't take part in any rights issue]

Geoscience could come good over the years and cover exploration costs. I remain confident about UXA but it must be remembered the company is a minnow in a high risk sector.

None of the above is meant to put you off buying as a find is high on the list of UXA as they explore in NT, WA and SA over the next 12 months.

 

[noirua]

Re: UXA - Uranium Exploration Australia

I haven't been looking too serious either, and like you, just getting prepared. Uranium is generally down I think. Having bubbled up to over $100 and back to normal levels below $60 the juniors who switched from tech to U got smashed. EXT being one of the few success stories, although way off major highs still. Maybe throw a couple of Castros at this one.

EXT market cap $1.6 billion, UXA market cap $7.3 million.
Uranium stands at US$46.50 a lb, up from low of $41.50.
Market needs one of Canada's major uranium mines to flood for several years.

UXA may well be hoping to find coal at West Myroodah, WA, similar to that found by Rey Resources. Important if the WA funded drilling there, for uranium, comes to nothing. UXA are likely to go for a coal mine linked with Rey Resources to add to funding and expansion of Geoscience and PFN tool in the USA.

 

[noirua]

Re: UXA - Uranium Exploration Australia

1 Year, percent chart for UXA:
http://www.stocknessmonster.com/chart/stockness/hist2/ASX/UXA/1y/pct/30/30/

1 year, percent chart for EXT:
http://www.stocknessmonster.com/chart/stockness/hist2/ASX/EXT/1y/pct/30/30/

 

[noirua]

Re: UXA - Uranium Exploration Australia

It's only the problem with cash, going forward, that is a problem for UXA. Though more bouyant markets would sweep UXA away from those, need cash, rocks ahead. Basically, UXA need to announce good results from Yambla ansd Swallows Hof - due about now.

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA have announced yet another JV, this time with STRAIGHTS Resources. STRAIGHTS will manage exploration at nine tenements in South Australia to obtain a 70% interest, whilst spending $10 million on exploration over 7 years.
UXA have already found copper at a depth of 824m and intersected for 42m @ 0.34% Cu at Winjabbie.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Cheap as chips with all these JVs and new ventures, imho. Don't say I didn't tell you, but a future booming markets may rerate UXA.
Go to http://www.uxa.com.au that's it, 'do your own research'.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Cheap as chips with all these JVs and new ventures, imho. Don't say I didn't tell you, but a future booming markets may rerate UXA.
Go to http://www.uxa.com.au that's it, 'do your own research'.

Despite saying the above, UXA steadfastly refuse to head on up. At least the long downward trend has stopped and 4 months of moving in a slightly upward direction and narrow band is an improvement indeed, well sort of.
A gamble now on finding something to send the stock upwards or a larger company coming in to take a stake.
A lot of exploration results due with the Annual Report out in September.