UXA - UXA Resources

[noirua]

Re: UXA - Uranium Exploration Australia

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.

Well, at least the Annual Financial Report is out, and that outlines everything as expected. The full Annual Report is going to prove to be the same.

Mining minnows need cash to survive and UXA, despite its Geoscience and PFN Tool assets based in South Australia and Texas, are no different.

They must now borrow money or / and issue new shares.

Best they come up with some good results from exploring and drilling and there's the rub.
Yambla looks the likely spot with samples evaluations from about 80 small rocks (13.7% uranium in one small rock) overdue or maybe, dare I suggest it, held back for the full Annual Report due in October and November's AGM.
Crystal Creek, Ngalia Thrust, NT, has further evaluations due on their uranium find that was frankly disappointing after surface rock evaluations.

UXA have at last looked at thermal coal prospects at West Myroodah that MAY / should work out very similar to finds by Rey Resources towards the North East. Drilling here is set to go ahead in 4th quarter 2010 funded by the Western Australian Government mining enhancement fund - god bless WA.
Rey Resources ASX:REY are likely to come in on a joint venture with UXA if coal is proven in the area. Mining is easy at near surface levels but seams are generally at 1 metre thickness - UXA have a JV with REY at Myroodah.

 

[noirua]

Re: UXA - Uranium Exploration Australia

The uranium price is up from a low of US$41 per lb to US$48 per lb and this just may be the little bell that rang about 6 weeks ago in the sector. Uranium explorers are generally struggling with a few exceptions.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Below is only my thoughts and you wont find any mention anywhere else. I contacted two directors of those concerned and they did reply, unfortunately they skirted round the question asked. So here we goes:

Mr Patrick Mutz is presently Managing Director of Deep Yellow Limited DYL and was formerly Managing Director of Uranium Exploration Australia Limited UXA.

During Patrick's tenure at UXA he built up much of what is the company today and pointed the present Geoscience Limited purchase and uranium discovery at Crystal Creek in the Northern Territory. He also setup the JVs with Reliance of India's Aussie subsidiary RIL.

In accordance to 'The Bulls' tips article dated 13/9/10, DYL are interested in buying up other companies and interests. It would not be surprising, IMHO, if Patrick Mutz was mulling over a move for UXA.

 

[Miner]

Re: UXA - Uranium Exploration Australia

Below is only my thoughts and you wont find any mention anywhere else. I contacted two directors of those concerned and they did reply, unfortunately they skirted round the question asked. So here we goes:

Mr Patrick Mutz is presently Managing Director of Deep Yellow Limited DYL and was formerly Managing Director of Uranium Exploration Australia Limited UXA.

During Patrick's tenure at UXA he built up much of what is the company today and pointed the present Geoscience Limited purchase and uranium discovery at Crystal Creek in the Northern Territory. He also setup the JVs with Reliance of India's Aussie subsidiary RIL.

In accordance to 'The Bulls' tips article dated 13/9/10, DYL are interested in buying up other companies and interests. It would not be surprising, IMHO, if Patrick Mutz was mulling over a move for UXA.

Hi Noirua

How are you ?
DYL is a good company and UXA is a promising company by their own strenghts.

However Patrick Mutz is an interesting personality. I met him couple of years back in the Uranium Conference in perth when he was the CEO of AGS. On the face of it he looks so genuine and I held very high impression on him and his abilities as promsied.
But subsequently OMG I saw he has changed companies like any labour hirer places their contractors for short term jobs. A CEO with no commitment to stay with a company less than 3 years should be questioned on his promises and delivery

My

 

[noirua]

Re: UXA - Uranium Exploration Australia

Hi Miner, How am I? Probably 'fair to middling' or more likely 'fair to muddling'.

On Patrick Mutz: It looks as if he is looking to head up a company with strong growth prospects and well cashed up and debt free. He seems to have found that in the soon to mine uranium company, Deep Yellow.

UXA have a small market cap at around $8 million. They have the Geoscience subsidiary and PFN Tool drilling company that is moving into Texas. UXA also have lots of JVs and 100% owned exploration projects and areas. UXA will be short of cash in 2011.
Patrick Mutz will know the setup inside out and any move will be carefully thought out and no doubt COULD easily be in touch with experienced mining UXA Chairman Neill Arthur.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Some better trading today, finishing at 4.7c up from 4.3c with the days high at 5c. Markets are looking better and UXA are one of the many bombed out stocks in the mining minnows market.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Some better trading today, finishing at 4.7c up from 4.3c with the days high at 5c. Markets are looking better and UXA are one of the many bombed out stocks in the mining minnows market.

... and holding up all week and finishing at 5c share.

UXA Market Presentation: http://www.uxa.com.au/site/DefaultS...2010/Market Update Presentation Sept 2010.pdf

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

I took some quick profits today, now i will wait for another good re entry point to present itsself.
After having a good look at the chart today an entry of .043 to .045 would be ok in about a weeks time.
If it continues to rise I wish you luck Noirua.
I was only in this for a short time and the fast grab was too tempting
DYOR

 

[noirua]

Re: UXA - Uranium Exploration Australia

I took some quick profits today, now i will wait for another good re entry point to present itsself.
After having a good look at the chart today an entry of .043 to .045 would be ok in about a weeks time.
If it continues to rise I wish you luck Noirua.
I was only in this for a short time and the fast grab was too tempting
DYOR

Hi Huitzii, There has been a lot more interest in London and Northern Ireland with the visit in July / August of Chairman Mr Neill Arthur and director Mr Ian Mutton; they met with Per Wimmer an increasingly large shareholder in UXA.

The chart looks mildly bullish with UXA moving out of its 4.5 month trading range to 5 cents. Far from convincing, but the best effort by the stock price this year.

The London holdings are generally with J.P. Morgan Nominees and they moved from 2.96% to 4.63% at the end of August. Per Wimmer's holding is separate at around 2 million shares.

I would be surprised, imho, if UXA stock failed to reach 6 cents by the end of September. A strong Yambla uranium result could be more positive. UXA seem to have held back the major results of surface rock analysis at Yambla, due about a month ago. Highest previous small rock reading was 13.7% uranium.

UXA are moving to more proven JVs and expanding in USA.

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

Hi Huitzii, There has been a lot more interest in London and Northern Ireland with the visit in July / August of Chairman Mr Neill Arthur and director Mr Ian Mutton; they met with Per Wimmer an increasingly large shareholder in UXA.

The chart looks mildly bullish with UXA moving out of its 4.5 month trading range to 5 cents. Far from convincing, but the best effort by the stock price this year.

The London holdings are generally with J.P. Morgan Nominees and they moved from 2.96% to 4.63% at the end of August. Per Wimmer's holding is separate at around 2 million shares.

I would be surprised, imho, if UXA stock failed to reach 6 cents by the end of September. A strong Yambla uranium result could be more positive. UXA seem to have held back the major results of surface rock analysis at Yambla, due about a month ago. Highest previous small rock reading was 13.7% uranium.

UXA are moving to more proven JVs and expanding in USA.

Hi Noirua, I agree with what you are saying and I may miss the boat.
I've only been trading with my own real money for 3 months and I have discovered what works well for me, when I put in a buy order I have already got my sell in mind , I don't break my own rules.
I'm more of a trader than an investor, I work mainly on T/A charts and so far I've had very few losses and some good gains.
In just over a week this trade earned 15.89% and that is what I had planned to do.
If UXA rises next week I will look at a different re-entry,but im fairly confident that I will see another re-entry in 1 to 2 weeks.
Any how here is a chart to explain my thoughts and actions.
You will notice that ATM its at the top of its trend-line...if it breaks north good luck (I mean this in the most sincere way) but I think its more likely to see some receding toward the lower trend-line on a T/A basis.



DYOR

 

[noirua]

Re: UXA - Uranium Exploration Australia

Hi Huitzii, I can understand how you see it in the short term and you may well be right with the general light trading in UXA, although some larger buyers look to be about occasionally.
There appears nothing wrong with the chart up to 4 months back. Going back 12 months shows a different picture for those who work on longer term trends and see the move as a breakout, albeit not decisive.
The percent chart at http://www.stocknessmonster.com shows a long choppy sideways movement from mid-May to mid-September with a sudden effort at this point to decisively breakout.
I'm banking on news from Swallows Hof and Yambla to send UXA decisively higher and I expect a market placing to follow - my guess - good luck

 

[noirua]

Re: UXA - Uranium Exploration Australia

Now at a five-month-high are UXA closing in light trading at 5.2c. The break-out is still unconvincing - but promising - the rise is on prospects in the very many tenements being explored and to be drilled in the next 12 months throughout SA, NT and WA. Market cap is only $9.4 million at 5.2c - high three years ago was 51c.

 

[popo7]

Re: UXA - Uranium Exploration Australia

Hi, first time posting. I thank noirua for his insightful comments. Bought UXA at .041 and did consider selling it at 0.052-0.053.

The question is whether to hold or sell and look for another re-entry point. I think both decisions are reasonable, but I decided to hold because looking at the upward trend, there doesn't seem to be a low enough entry point for me.

Also, the prospects of UXA will surely uplift the price up even higher in the following 12 months.

To the fellow members - if you were in my shoes, would you sell or hold?
I think there are risks to both decisions, but is approximately 18% gain a good enough profit in one month? (I'm a newbie and any advice would be great thanks!). I was hoping to reach a 50%-100% gain or if not more...

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

Hi popo7, you really need to make your decisions based on your own circumstances.
Personally i think that UXA is on its top ATM but this is only my opinion and I haven't been trading for long.
I sold UXA @ .050 on Friday and rebought another stock Monday morning (yesterday) and made 7.55% on it, if it hits 15% today i will consider doing the same again ,but that's the way I trade and it works for my circumstances.
I'm semi retired and I have a lot of spare time to research charts etc, so im constantly looking for potential buy signals for quick profits.
In saying this yesterday saw me loose 10% on another stock (bad call) ,but with other results it turned out to be a positive day for me
DYOR

 

[popo7]

Re: UXA - Uranium Exploration Australia

Thanks Huitzii, much appreciate your advice. You have a system that works - selling at approximately 15% gain.

I wish I had that much time to micro-manage my stocks. Recently, I have made profits of 30-100% (beginners luck?) in some of my stocks and am very happy with the results. Others are down slightly ATM.

Time is a factor in share price , and 1 month isn't long enough for me, considering the amount of time I put into research. Therefore, I am relunctant to sell UXA at only 18% profit at this time.. maybe I am being greedy here. Making the decision to sell is the hardest situation for me in trading. Looking for other stocks to buy also requires time to analyse.

UXA is probably the most stable stock i've invested in, the rest been volatile. Thus, it is hard to predict whether UXA (despite a high in some time) will go up or down from now. I will hold to see what happens! All the best.

 

[popo7]

Re: UXA - Uranium Exploration Australia

Conclusion:

Price will always fluctuate, but I am confident the moving average of UXA's share price will rise. I see this as a long term investment. I also day trade but that is for other stocks. I do not want to risk missing the boat just to gain a few bucks in this one. Cheers

 

[noirua]

Re: UXA - Uranium Exploration Australia

Conclusion:

Price will always fluctuate, but I am confident the moving average of UXA's share price will rise. I see this as a long term investment. I also day trade but that is for other stocks. I do not want to risk missing the boat just to gain a few bucks in this one. Cheers

Yep! That is always a problem staying out as minnows can spike at any moment. UXA spiked before from under 4c to 19c on one announcement; watch out for a cash raising placing well below the spike high. If surface uranium results are fantastic that doesn't mean it will be when they drill down to lower levels. UK shareholders have been buying up stock after Chairman Neill Arthur's visit to the UK in July/August, taking their holdings to around 6.2% from close to zero 18 months ago: Per Wimmer - the space enthusiast - has bought about 2 million shares.

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA have a low market cap of $8.6 million at 4.7c a share: http://www.uxa.com.au The setup is now in Texas as well as South Australia, Western Australia, Northern Territory and now NSW.

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

UXA was placed into trading halt today. I hope its good news for its holders, I was tempted to buy back in yesterday @ .045 but I decided to wait for .044....I might have been a bit too optimistic on the low call.
just wait and see I suppose.
Good Luck to all holders.
DYOR

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA was placed into trading halt today. I hope its good news for its holders, I was tempted to buy back in yesterday @ .045 but I decided to wait for .044....I might have been a bit too optimistic on the low call.
just wait and see I suppose.
Good Luck to all holders.
DYOR

It can only be three things; fund raising, a bid or results of exploration at Yambla and Swallows Hof in the Northern Territory.
UXA failed to respond to my email last Friday and that's a bit unusual.