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UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

looks to be some decent buying going thru in the screens of late, with a notable spike in volume over the past 3 sessions...smells to me like China West building their stake to become substantial (i.e. >5%) again post dilution they suffered during the most recent cap raising! bullish signal, esp with Paladin hitting fresh highs (amongst other AU uranium plays), South Korea just announcing they intend to expand their nuclear capacity and the spot px continuing to remain robust!
 
Re: UXA - Uranium Exploration Australia

shearry said:
looks to be some decent buying going thru in the screens of late, with a notable spike in volume over the past 3 sessions...smells to me like China West building their stake to become substantial (i.e. >5%) again post dilution they suffered during the most recent cap raising! bullish signal, esp with Paladin hitting fresh highs (amongst other AU uranium plays), South Korea just announcing they intend to expand their nuclear capacity and the spot px continuing to remain robust!
Click to expand...

Yes, some buys are between 500,000 and 1,000,000 with many single trades. China West were raising cash of A$6 million 6 weeks ago and may be tempted to buy a few more UXA with the cash. On the otherhand it could just be topping up by the largest 30 holders of UXA.
Other posters seem to have there minds set on uranium and HREE results at Yambla and Swallows HOF. Though the two Nabaralek JVs in NT with Reliance Industries (RIL Australia subsidiary) look the most promising as they're virtually on top of the Ranger Uranium Mine - drilling results in Q4 2011.
 
Re: UXA - Uranium Exploration Australia

noirua said:
I notice that the last distribution by the company came up as UXA Resources which confirms the companies name change since the AGM.

I thought UXA would trade in the 4.3c - 5c range going forward but may now move in the 3.5c - 4.2c range instead. All a bit disappointing.
Click to expand...

UXA have languished from the overdone cash raising with about 130 million extra shares washing around the system. This has hung the company out to dry with a market cap around just, yes indeed, only $11.5 million at only 3.7c. "Out to dry", you say, "yes indeed again as a takeover bid, if there is an interested party and dare I say it again in Mr Patrick Mutzs' Deep Yellow DYL, can be pitched very low." [Patrick Mutz is the former MD of UXA]

Many pour cold water on the idea that Namibia uranium based DYL could be interested. They do however have QLD interests in Uranium and UXA's GII drilling company in Australia and Texas could be useful. The Nabaralek tenements being aerial surveyed at the moment have India's giant Reliance Industries onboard with a 49% interest; Reliance are enthusiastic about the area.
 
Re: UXA - Uranium Exploration Australia

Well the sp is heading South. It must be a good time to buy in. The NT tenements still look favourable as does their US business interests
 
Re: UXA - Uranium Exploration Australia

Uranium Equities Limited UEQ have upgraded their uranium find at Nabaralek, NT. UXA's Nabaralek tenement is just 200 metres from this find.
UXA Chairman Neill Arthur has said that the market has not yet appreciated that UEQ's discovery is only 200 metres from UXA's 51% owned JV with the giant Reliance of India: http://www.asx.com.au/asxpdf/20101216/pdf/31vn260txbklkb.pdf
 
Re: UXA - Uranium Exploration Australia

UXA Resources are to release results of drilling at Yambla, Swallows Hof and Hof for uranium and REE early in 2011. Early surface results were encouraging: http://www.uxa.com.au/Projects1/NorthernTerritory.aspx
After so much fanfare on China's extended tariffs on HREE exports, and Molycorp and Lynas bullish runs, UXA seem to remain forgotten. Market cap around $11 million puts the stock in the minnow exploration sector.
 
Re: UXA - Uranium Exploration Australia

When are these minniws going to break into the big boys league?

I am holding out for nabaralek at this point and with China deciding on slowing down on exports of rare earth minerals its fingers crossed for this bunch
 
Re: UXA - Uranium Exploration Australia

kingkev said:
When are these minniws going to break into the big boys league?

I am holding out for nabaralek at this point and with China deciding on slowing down on exports of rare earth minerals its fingers crossed for this bunch
Click to expand...

There are many prospects for UXA Resources but the biggest remains at Nabarlek North, just 200 metres from Uranium Equities' find at Nabarlek East.: http://www.researchviews.com/energy/power/NewsReport.aspx?sector=Power&articleID=352871

India's largest company Reliance Industries has a 49% stake in Nabarlek; report from early October: http://www.telegraphindia.com/1101008/jsp/business/story_13032714.jsp
 
Re: UXA - Uranium Exploration Australia

noirua said:
There are many prospects for UXA Resources but the biggest remains at Nabarlek North, just 200 metres from Uranium Equities' find at Nabarlek East.: http://www.researchviews.com/energy/power/NewsReport.aspx?sector=Power&articleID=352871

India's largest company Reliance Industries has a 49% stake in Nabarlek; report from early October: http://www.telegraphindia.com/1101008/jsp/business/story_13032714.jsp
Click to expand...

Noirua

thanks for the link.

I was intrigued to find the line in Telegraph Newspaper from the link you posted:

" According to the Australian firm, the exploration licences cover 221 sq km and share similar geological features with the former Nabarlek open cut uranium mine.

In the past, UXA officials have said it will probably be 10 years before any successful discovery comes through. They will be looking for mines that can produce more than a 1,000 tonnes of uranium per year. " :confused:
"
 
Re: UXA - Uranium Exploration Australia

Miner said:
Noirua

thanks for the link.

I was intrigued to find the line in Telegraph Newspaper from the link you posted:

" According to the Australian firm, the exploration licences cover 221 sq km and share similar geological features with the former Nabarlek open cut uranium mine.

In the past, UXA officials have said it will probably be 10 years before any successful discovery comes through. They will be looking for mines that can produce more than a 1,000 tonnes of uranium per year. " :confused:
"
Click to expand...

Yes, these uranium mines take a long time to bring onstream and to full capacity. There isn't an enormous hurry and look at Paladin, no enormous profits there yet.

No uranium yet but most mines last about 8 to 12 years. At $62 per tonne and 1,000 tonnes per annum; that's about $140 million pa from sales.
The Nabarlek mine closed many years ago so I expect Reliance are looking for something really big. UXA Resources market cap is just $11.6 million and I suspect they would go for royalties and cash in any venture sell-out.

This NT Project update puts it in a nutshell, early November 2010: http://www.asx.com.au/asxpdf/20101103/pdf/31tn79plcybj5v.pdf
 
Re: UXA - Uranium Exploration Australia

px action today is compelling...strong buying going thru in the screen, esp given the presence of some very chunky offers initially round .038 and then .04 which have been cleared in the process...news today should consolidate fiscal position of company further and enhance cash flow/bal sheet, but more importantly will enable the company to continue exploration in very, very lucrative tenements for very, very lucrative resources (uranium, rare earths, zinc)...all stacks up favourably if u ask me!
 
Re: UXA - Uranium Exploration Australia

shearry said:
px action today is compelling...strong buying going thru in the screen, esp given the presence of some very chunky offers initially round .038 and then .04 which have been cleared in the process...news today should consolidate fiscal position of company further and enhance cash flow/bal sheet, but more importantly will enable the company to continue exploration in very, very lucrative tenements for very, very lucrative resources (uranium, rare earths, zinc)...all stacks up favourably if u ask me!
Click to expand...

Yes, it will be at least two days before we know if China West moved back in or not. However, being Chinese they usually make an advanced announcement if they've gone back to being a substantial holder again.
The announcement that UXA now have a global monopoly over PFN by purchasing Geoinstruments LLC for US$1.875 million may have been the reason for the lift and the 8+ million share trades.
 
Re: UXA - Uranium Exploration Australia

Some good purchasing happening again this morning. It appwears that the market likes the last announcement

More to come yet
 
Re: UXA - Uranium Exploration Australia

noirua said:
I notice that the last distribution by the company came up as UXA Resources which confirms the companies name change since the AGM.

I thought UXA would trade in the 4.3c - 5c range going forward but may now move in the 3.5c - 4.2c range instead. All a bit disappointing.
Click to expand...

A few months have now passed and UXA are partly over the big cash raising. The straightforward purchase of what is now Geoscience Wireline USA and drilling contract availability for the company was mildly encouraging.
Results at Yambla, NT should at last be known quite shortly and should be followed next by Zone 5 drilling for zinc in NSW.
All this should keep UXA in the 4.2c - 5c range and up from 3.5c - 4.2c.

A lot of drilling results due over the next few years at regular intervals and may be worth a punt for the adventurist gamblers amongst us.
 
Re: UXA - Uranium Exploration Australia

Looks like the 4.2 - 5c trading is happening today

Good call

I need to get some soon as we are expecting announcements soon and hopefully they can be promising
 
Re: UXA - Uranium Exploration Australia

UXA up 10% at the moment, still rising nicely since i bought in at 3.7c

Any reason why the interest?
 
Re: UXA - Uranium Exploration Australia

WOW..

just checked and a 37% jump today... am not complaining on todays results at all...

Curious tho.. cant find anything in particular
 
Re: UXA - Uranium Exploration Australia

frankie_boy said:
WOW..

just checked and a 37% jump today... am not complaining on todays results at all...

Curious tho.. cant find anything in particular
Click to expand...

I've tried to get information from UXA via my usual three sources but all have failed to respond - it is very unusual not to get anything from anyone. I guess that no reply at all means they do not know anything or realise even saying 'no comment' may be starting a rumour.

Hopefully the present rise will continue, and I know a few who purchased in the placing at 10c over a year ago, both annoyed, may be a little more cheerful this morning.

Good luck and good fortune - noi
 
Re: UXA - Uranium Exploration Australia

Well still no announcements or news. They could be dealt with a please explain shortly

Dropped a little today..........considering topping up
 

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