Australian (ASX) Stock Market Forum

UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

We know now that the trading halt is purely due to a cash raising exercise by the company that has been somewhat forshadowed on this ASF thread.
The shares re-open for trading on Monday.

SMR had a very good placing and rights issue; placing at 90c and rights for shareholders at 80c; and the latter at a 27% discount - the placing at 13.5% - both to the last traded price. However, SMR are a rising future producer and the stock price also, and poor old UXA has seen but a small rise in the stocks price and have had no strike to muster the share's price.

The last traded price was 4.5c and recently the stocks price moved between 4c and 5.2c. That points to a placing around 4c a share that may give an opportunity for shareholders, not Institutions and sophisticated investors, to take some up as well. Maybe they'll offer some options as well this time.

Shareholders hope for an announcement on the Yambla surface exploration now much overdue. Get your finger out on this UXA, you said two weeks several months ago - not good enough.
 
Re: UXA - Uranium Exploration Australia

I'm not sure that UXA have quite the imagination necessary to run a placing and share issue to shareholders that fires the imagination and enthusiasm necessary - not up to specification this one.

Raising $750,000 via a placing to State Equity Ltd., of 17,625,000 shares at 4 cents a share. State will cover any shortfall of this and the issue to shareholders up to $1 million - some sort of cover.

All shareholders are entitled, if eligible, to buy $15,000 worth of shares at 4 cents each - 375,000 shares; no matter what their holding. More details in the next few days. [same offer as last time but that was at 10 cents a share]
 
Re: UXA - Uranium Exploration Australia

Huitzii said:
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.

View attachment 38930

DYOR
Click to expand...

Hi noirua, Im not convinced that the fund raising effort is enough to pursuade most to take it up with it only being 4% under the current SP.
I would expect some consolidation in the next 2 weeks between .041 and .043.
I will get back into UXA, but for the next week or 2 there are better trades for me out there.
Anyhow here is an update on the chart confirming what I thought would happen in the last 2 weeks.
Good luck to all

uxa2.JPG

DYOR
 
Re: UXA - Uranium Exploration Australia

Huitzii, I cant disagree with anything you have said. The companies AGM is due in November and only some promising exploration results between now and then could raise enthusiasm. The company is guaranteed a minimum $1,750,000 by State Investments so they'll at least get that and it seems unlikely they'll get less than $2,750,000.

On buying again at 4.3c, there is the factor that comes to play, that is, lowering the buying price below the target every time it breaks lower.
 
Re: UXA - Uranium Exploration Australia

Hi all ,I tried to get back in yesterday at .041 but it didn't happen....gees I thought you would have filled my order for me noirua ;)
Any how now I will wait some more until .041 shows its face again lolz
Cheers Huitzii
DYOR
 
Re: UXA - Uranium Exploration Australia

Huitzii said:
Hi all ,I tried to get back in yesterday at .041 but it didn't happen....gees I thought you would have filled my order for me noirua ;)
Any how now I will wait some more until .041 shows its face again lolz
Cheers Huitzii
DYOR
Click to expand...

Hi Huitzii, An unusually high number of people are wondering what to do about UXA. A few are going for selling above 4c and taking up the 4c offer for up to $15,000 worth. Anyone who is domiciled in Australia or New Zealand and has at least 100,000 shares should have got out by now and bought back in at 4c.

Closing date for the offer is 5pm Sydney time on 22nd October.

So maybe a 4.1c bid put in every day will be successful, somehow I think you're batting on the right wicket.

I've decided not to say what I'm doing!
 
Re: UXA - Uranium Exploration Australia

noirua said:
Hi Huitzii, An unusually high number of people are wondering what to do about UXA. A few are going for selling above 4c and taking up the 4c offer for up to $15,000 worth. Anyone who is domiciled in Australia or New Zealand and has at least 100,000 shares should have got out by now and bought back in at 4c.

Closing date for the offer is 5pm Sydney time on 22nd October.

So maybe a 4.1c bid put in every day will be successful, somehow I think you're batting on the right wicket.

I've decided not to say what I'm doing!
Click to expand...

Stay batting on your 4.1c wicket Huitzii. I have plans and your thoughts fit exactly into them.
 
Re: UXA - Uranium Exploration Australia

noirua said:
Stay batting on your 4.1c wicket Huitzii. I have plans and your thoughts fit exactly into them.
Click to expand...

Im still batting lolz, but no-one is throwing me a ball to hit out of the park yet.
I cant wait to see your plans.....start by filling my order, I know you have lots to spare ;)
Cheers Huitzii
 
Re: UXA - Uranium Exploration Australia

Huitzii said:
Im still batting lolz, but no-one is throwing me a ball to hit out of the park yet.
I cant wait to see your plans.....start by filling my order, I know you have lots to spare ;)
Cheers Huitzii
Click to expand...

Ahhhhhhhhhhhh Huitzii, but you don't know what my plans are or whether UXA are planning an announcement to spice up recent issues of small stock. If you don't pay 4.4c you're going to miss out - what to do aye.
Anyway, and seriously, do your own research and ... Maybe I'm offering 4.4c for 157,000 shares, you don't know, step in and be brave - an answer will follow?
 
Re: UXA - Uranium Exploration Australia

noirua said:
Ahhhhhhhhhhhh Huitzii, but you don't know what my plans are or whether UXA are planning an announcement to spice up recent issues of small stock. If you don't pay 4.4c you're going to miss out - what to do aye.
Anyway, and seriously, do your own research and ... Maybe I'm offering 4.4c for 157,000 shares, you don't know, step in and be brave - an answer will follow?
Click to expand...

157000 pffft I want more like 400000 or more...well if I miss out there will be other opportunities.
At this stage I wont pay anymore than .041 or .042 maximum but at this stage im prepared to wait it out for .041.
Now dont be silly about this ....please just fill my order Sir ;) lolz
Cheers Huitzii
 
Re: UXA - Uranium Exploration Australia

Huitzii said:
157000 pffft I want more like 400000 or more...well if I miss out there will be other opportunities.
At this stage I wont pay anymore than .041 or .042 maximum but at this stage im prepared to wait it out for .041.
Now dont be silly about this ....please just fill my order Sir ;) lolz
Cheers Huitzii
Click to expand...
Anyway Huitzii I'm going for a nap until 4pm so it's up to you. There's no chance of a discount. All you have to do is bid 157,000 shares at 4.4c and they're probably yours - barring an in house cross.
Zone 5 in NSW looks very prospective for zinc - it's up to you - What do I know????????????
 
Re: UXA - Uranium Exploration Australia

Haha, funny guys.. Given the recent bullish performances of uranium companies at present and I mean 100% gains within few days, I am happy to stick by this company. Just recently, I made another 100% gain from a stock - it was well worth the wait, despite the emotional ups and downs.
 
Re: UXA - Uranium Exploration Australia

Huitzii said:
157000 pffft I want more like 400000 or more...well if I miss out there will be other opportunities.
At this stage I wont pay anymore than .041 or .042 maximum but at this stage im prepared to wait it out for .041.
Now dont be silly about this ....please just fill my order Sir ;) lolz
Cheers Huitzii
Click to expand...

The deal is mostly done now at 4.4c and only a few left. You will have to pay 4.5c to fill your order as of posting. I would suggest 4.5c is a very good price.
 
Re: UXA - Uranium Exploration Australia

noirua said:
The deal is mostly done now at 4.4c and only a few left. You will have to pay 4.5c to fill your order as of posting. I would suggest 4.5c is a very good price.
Click to expand...

Hi noirua, i got back in this morning with 400,000+ @ .042 so now just sit and wait for the upcoming announcements.
DYOR
 
Re: UXA - Uranium Exploration Australia

Huitzii said:
Hi noirua, i got back in this morning with 400,000+ @ .042 so now just sit and wait for the upcoming announcements.
DYOR
Click to expand...

Yes Huitzii, I'm closely watching events with two other investors who are surprised at the buying going on. All hoping to pickup stock under 4c. My roundup bid of 80,200 at 3.9c is sitting there in hope. Stay out of the market as you're messing us up, a mate has drunk a whole bottle of Reserva waiting to bid on the sidelines. - Good luck anyway
 
Re: UXA - Uranium Exploration Australia

Another 200,000 shares in UXA have gone through at 4.3c, good grief. We're hoping to pickup some before an expected announcent at Yambla.
 
Re: UXA - Uranium Exploration Australia

A years trading high on Tuesday with 1,874,179 shares going through. UXA change their name to UXA Resources at the AGM in November as they turn to zinc exploration at Zone 5 in NSW. A low market cap gives good possible upside on any reasonable find.

***Meanwhile all are going over to THE BULL as voting continues at http://www.thebull.com.au/the_stockies/forums.html
 
Re: UXA - Uranium Exploration Australia

noirua said:
A years trading high on Tuesday with 1,874,179 shares going through. UXA change their name to UXA Resources at the AGM in November as they turn to zinc exploration at Zone 5 in NSW. A low market cap gives good possible upside on any reasonable find.

***Meanwhile all are going over to THE BULL as voting continues at http://www.thebull.com.au/the_stockies/forums.html
Click to expand...

MD, Dr Russel Penney, has increased his holding in UXA with an onmarket purchase. Now holds 400,000 shares and 3 million options.
 

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