UXA - UXA Resources

[noirua]

Re: UXA - Uranium Exploration Australia

Heavy trading in UXA stock at over 4 million shares and a rise to 4.8c from 4.3c in early trading today. Appears to be a big buyer in the market lapping up stock.

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

Heavy trading in UXA stock at over 4 million shares and a rise to 4.8c from 4.3c in early trading today. Appears to be a big buyer in the market lapping up stock.

With over 5M traded already im guessing an announcement coming very soon....someone knows something that I dont know!!!
I was gong to place a sell order ,but I think that I will wait a bit and see how the day plays out ...its still early
DYOR

 

[noirua]

Re: UXA - Uranium Exploration Australia

With over 5M traded already im guessing an announcement coming very soon....someone knows something that I dont know!!!
I was gong to place a sell order ,but I think that I will wait a bit and see how the day plays out ...its still early
DYOR

Hi Huitzii, UXA's Chairman, Mr Neill Arthur, is in London and due to speak at 6pm on Wednesday at the RBS offices in Bishopsgate.
I did think that Deep Yellow DYL might be interested in UXA, IMHO only, as their MD, Mr Patrick Mutz is the former MD of UXA. He worked very closely with Neill Arthur.
Over 6 million shares traded and as soon as a lot of stock comes on offer a large bid appears. So buyer is buying on-market only.

 

[Huitzii]

Re: UXA - Uranium Exploration Australia

Thank you for the info Noirua, well today saw massive volume for UXA (11.4 M) which is defiantly an all time high with 18.60% gain finishing on .051.
Personally I don't like to see a white candlestick with massive volume without an announcement, it usually means a substantial drop in the days to come.
I would much prefer to see a white candlestick with low volume indicating a tightly held stock.
Based on my trading preferences I bailed out of UXA @ .050 making about a 20% gain for a trade that lasted for under 1 week.....money in my pocket is preferred rather than a risk of a sharp drop tomorrow or the next day.
If it sees a substantial drop tomorrow I may get back in.
In saying this I may regret selling today ,but if it does shoot for the stars tomorrow im still happy with my result.
Good luck to all that are holding UXA
DYOR

 

[noirua]

Re: UXA - Uranium Exploration Australia

Thank you for the info Noirua, well today saw massive volume for UXA (11.4 M) which is defiantly an all time high with 18.60% gain finishing on .051.
Personally I don't like to see a white candlestick with massive volume without an announcement, it usually means a substantial drop in the days to come.
I would much prefer to see a white candlestick with low volume indicating a tightly held stock.
Based on my trading preferences I bailed out of UXA @ .050 making about a 20% gain for a trade that lasted for under 1 week.....money in my pocket is preferred rather than a risk of a sharp drop tomorrow or the next day.
If it sees a substantial drop tomorrow I may get back in.
In saying this I may regret selling today ,but if it does shoot for the stars tomorrow im still happy with my result.
Good luck to all that are holding UXA
DYOR

Well done on the profit Huitzii, we must wait and see what happens next. About 2 months average trading in one day.
The $15,000 savings plan per shareholder finishes on 5th November so I'm a bit suspicious about this move; though it could be opportunistic as many shareholders would sell to buyback at just 4 cents.
Suspect a company or individual taking a stake.

 

[noirua]

Re: UXA - Uranium Exploration Australia

I've just been told that the reason for UXA's stock rise was due to the Chairman's market briefing to stockbrokers last Friday. So anything else previously posted was guessing that now looks to be wrong. The above comes from the horse's mouth, so to speak; end of speculation.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Even my three legged donkey called UXA has gotten a sturdy wooden leg and is up and away. 5.6c and nearly 4 million shares traded already this morning and may challenge yesterday's 11+ million turnover.
Back into profit now and a small prayer to the patron Saint of Miners, St Barbara, "Please push this one sky high and make me a millionaire in one stock".

Seriously folks this one is for the really serious risk takers!

 

[DB008]

Re: UXA - Uranium Exploration Australia

I've just been told that the reason for UXA's stock rise was due to the Chairman's market briefing to stockbrokers last Friday. So anything else previously posted was guessing that now looks to be wrong. The above comes from the horse's mouth, so to speak; end of speculation.

Can you please give some more details on the above quote noirua?


I really believe that Uranium is the only energy source that can deliver energy to the masses, 24/7. There is a huge thrust for energy (which is growing by the day) and the alternatives can't provide it (at the moment).

 

[popo7]

Re: UXA - Uranium Exploration Australia

Nice one guys, I am pleased with today's sell at 0.057 - this was calculated to be around 30% gain. My trader instincts told me that this is a sell and made no hesitation at all.

There is a fair chance for those who haven't sold that volume will pick up to set share prices even higher. But after careful consideration, there is always another day with UXA

Currently, my sell track record has averaged ~68% profit over the last month or so, beating most financial analysts and stock brokers

 

[DB008]

Re: UXA - Uranium Exploration Australia

Nice one guys, I am pleased with today's sell at 0.057 - this was calculated to be around 30% gain. My trader instincts told me that this is a sell and made no hesitation at all.

There is a fair chance for those who haven't sold that volume will pick up to set share prices even higher. But after careful consideration, there is always another day with UXA

Currently, my sell track record has averaged ~68% profit over the last month or so, beating most financial analysts and stock brokers

Good one!
Much better than the banks 5% p.a.

I am also up 30+% in just 9 days on UXA. Little ripper. I will continue to hold for a medium term (say 3-5 years). I have been looking at the Uranium sector and feel that there is much, much more upside. China is looking to build another 20 N-Power Plants. That alone will put demand on the big U.

DYOR

 

[frankie_boy]

Re: UXA - Uranium Exploration Australia

I been watching this one for a little while, and within the last 2 weeks was keen to jump in, but sitting on my hands I have missed out on the recent gains...

he who hesitates, doesnt make money...

how much will this take off I am curious to see

 

[noirua]

Re: UXA - Uranium Exploration Australia

I been watching this one for a little while, and within the last 2 weeks was keen to jump in, but sitting on my hands I have missed out on the recent gains...

he who hesitates, doesnt make money...

how much will this take off I am curious to see

Very high risk stock and if it was a Bank you'd get about 15% interest on your savings.

There is the companies savings plan that all who owned at least one share on 1st October 7.30pm Sydney time can buy up to $15,000 worth of shares at 4c by 5th November 5pm Sydney time - I guess loads of money is piling in now.
What weight or otherwise will be put on the stocks price; will it be pushed on or will this be a drag on the stock price? Are a few selling to buy their savings plan rights?

I wont comment further on rumours etc., on the very many bulletin boards including the UK, Canada and Germany.

Good luck on this one guys - can say no more.

 

[popo7]

Re: UXA - Uranium Exploration Australia

Yes but 15% annually.. my profits average 1-2 months..

Noirua, are you going to purchase the share purchase plan? And when is the announcement going to happen? Would really appreciate if you tell us later what Mr Arthur will say today. Keep us posted!!

Cheers

 

[noirua]

Re: UXA - Uranium Exploration Australia

Yes but 15% annually.. my profits average 1-2 months..

Noirua, are you going to purchase the share purchase plan? And when is the announcement going to happen? Would really appreciate if you tell us later what Mr Arthur will say today. Keep us posted!!

Cheers

Mr Neill Arthur is to speak in London between 6pm and 7pm BST. That's about 4am to 5am Thursday, Sydney time. I understand that his main speech is about the floating of Metallum Resources on to the LSE. Mr Arthur doesn't tell anyone in advance and maybe I'm last in the queue.

Dr Russell Penney found the comments concerning himself and Deep Yellow's MD Mr Patrick Mutz amusing. As the first quarter report is due out any day he wont be giving anything away either, least to me I suspect.

I'm taking up the 375,000 shares at 4c but have sold 200,000 shares at 5.7c in the market on Tuesday. I felt I was in good company.

The surface assay uranium results at Yambla are much overdue and a poster elsewhere new or was guessing they'd come out with the First Quarterly Results. UXA ignored the question.

 

[noirua]

Re: UXA - Uranium Exploration Australia

China West increased their holding in UXA to 5.3% - 10,809,617 shares. Announcement made at 6.17pm after the market closed.

 

[noirua]

Re: UXA - Uranium Exploration Australia

China West increased their holding in UXA to 5.3% - 10,809,617 shares. Announcement made at 6.17pm after the market closed.

China West's CWH market cap is just $10.563 million at 15c and UXA's at just $10.2 million at 5.3c.
CWH are in process of raising $6 million and UXA are in process of raising (thought to be about $2 million) on top of the $750,000 placing.
As each shareholder in UXA on 1st October is entitled to buy $15,000 worth of stock it is unknown what the limit of cash raising is - guess is that about $4 to $8 million could be applied for and will leave UXA directors a choice as to accept well over $2 million - my guessing, "THEY WILL OF COURSE".

There appears on the face of it little chance CWH would bid for UXA, but whether they'd use some of their $6 million cash raised to increase their holding further remains the question??????????

UXA are an interesting stock to hold now, even though it could go in either direction in the coming months - a gamble stock if you're playing with cash, hmmmm lotto money, me thinks.

 

[noirua]

Re: UXA - Uranium Exploration Australia

5th November is a key date to look at the value of UXA stock again.That is the last date for securing $15,000 worth of stock at 4c a share. I expect 4 out of 5 shareholders will increase their holding with UXA finishing at 5c yesterday.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Change of name coming up 'UXA Resources' but before you are told there's voting to be done, Oh yes, and over to, thank you by the way guys, and it's over we go to http://www.thebull.com.au/the_stockies/forums.html

Traders are waiting to see if China West International CWH come back into the market today. So far no sign, but they could be biding their time.

 

[noirua]

Re: UXA - Uranium Exploration Australia

Traders are waiting to see if China West International CWH come back into the market today. So far no sign, but they could be biding their time.

China West International are moving into mining from Building, and they presently own Chongqing Yuao Building Materials Co, a loss making enterprize.
Chairman Bao Cheng Luo says they will from now change to focus on mining.

 

[noirua]

Re: UXA - Uranium Exploration Australia

You can obtain information and access to UXA and the speech by MD, Dr Russell Penney on 27th October at http://www.uxa.com.au

The price of uranium in the last four months has risen from US$40.75lb to US$52lb. UXA are exploring for uranium but have no discoveries that would be viable at the present price of uranium.