UXA - UXA Resources

[frankie_boy]

Re: UXA - Uranium Exploration Australia

topped back up on this one today, quite a volatile stock as there seems to be no method to the madness of its roller coaster ride.

I am only assuming it had something to do with the prospective ability with the new searching equipment recently purchased.

 

[noirua]

Re: UXA - Uranium Exploration Australia

topped back up on this one today, quite a volatile stock as there seems to be no method to the madness of its roller coaster ride.

I am only assuming it had something to do with the prospective ability with the new searching equipment recently purchased.

UXA's CEO will make a presentation at the Emery Star in Resources 2011 series at The MarriottHotel, 30 Pitt Street, Sydney, at 5.15pm on 2nd February. There is a chance to meet with the company's directors and management afterwards. Seats, that are free, should be booked beforehand. Visit the UXA website at http://www.uxa.com.au

GAA Wireline: http://www.geoscience.biz/Profile_1.htm

 

[kingkev]

Re: UXA - Uranium Exploration Australia

Not a lot of new news I can see except that their technology in the states is looking good

Bring on some really good news

 

[noirua]

Re: UXA - Uranium Exploration Australia

Not a lot of new news I can see except that their technology in the states is looking good. Bring on some really good news

The whole idea of making profits from Geoscience Wireline is to pay for UXA's drilling operations and overhead costs running at about $5 million per annum - having this in place may well have impacted on Teck Res, Rey Res and Straights Res in their signed agreements with UXA.

Fortunately most of the purchase costs are out of the way now BUT the Big Wet cometh and that spells the end for profits in UXA's Australian Geoscience.
The American side should add something but not enough by any means as they contribute about 8 months earnings to profits.

Zinc results from Zone 5 are buried in the mud of NSW and only stream sediment results from Yambla look to be announced shortly, probably February/March.

The present stock price is at 5c, down from 6.8c recently. Probably a bit cheap as UXA already have zinc at Zone 5, NSW and Nabarlek North is only 280 metres from Uranium Equity's find.

 

[kingkev]

Re: UXA - Uranium Exploration Australia

Has the 9% rise in sp today have anything to do with Zinc at dome 5 or is just that it was trading at a cheap price and is now a bit more realistic. Hoping for nabarlek to start showing something after the wet

 

[noirua]

Re: UXA - Uranium Exploration Australia

Has the 9% rise in sp today have anything to do with Zinc at dome 5 or is just that it was trading at a cheap price and is now a bit more realistic. Hoping for nabarlek to start showing something after the wet

Unfortunately the drilling at Dome5, NSW was hit by 'The Big Wet' and was put back.

Uranium and HREE results from stream sampling, at Yambla, Swallows Hof and the Hofs in NT, is mostly known already by UXA (not us?) and is being used to pin-point drilling positions.
How important these stream results are I do not know but UXA MD Dr Russell Penney said they'd be available in a few weeks time, about now.
Drilling started in January at Dome5 so these results may be known any time from now to the end of March.

Stock price is now vulnerable to rumour as a significant find anywhere would rocket the price of UXA Resources. Finding nothing at the main four exploration zones would do the reverse.

 

[kingkev]

Re: UXA - Uranium Exploration Australia

I can feel some announcemnet coming soon. Wether it be from drilling results or from Indian aspirations in NT, something is brewing. Buying is above avearge and I believe that something more than rumour is driving this and this could very well be known results not already disclosed. The HREE hype might have something to with it

 

[kingkev]

Re: UXA - Uranium Exploration Australia

well we got announcements but nothing special. The downward sp trend continues. I am a bit baffled and it appears investors are a bit frightened as to what may eventuate from pending drill results

BUGGER!!!!

 

[frankie_boy]

Re: UXA - Uranium Exploration Australia

It dipped to 4.2c today, but recovered, tho I was too slow off the mark to top up at the time...

 

[noirua]

Re: UXA - Uranium Exploration Australia

It dipped to 4.2c today, but recovered, tho I was too slow off the mark to top up at the time...

Difficult stock UXA and probably worth between 3.5c and 10c on the results due from Yambla and Zone5.

I don't have that much confidence about Yambla despite very excellent surface nodule results. If it comes good I'll eat all my hats and they number 11 after freezing in Ontario for nine years.

Zone 5 is a different ball game and I expect UXA to confirm results over the whole of the area similar to those produced by Canada's Teck Resources. A mine? Yes, imho, I think it will happen but the seams are not very thick, why Teck farmed it out with a buy-back clause, and UXA will have to put their thinking hats on as to where to go on this.

The Canning basin doesn't look like a goer to me and I can't see much happening - not sure why UXA are bothering really.

Nabarlek, an entirely different matter with uranium found just 280 metres away. A mine? My monies on it happening with Reliance piling in cash.

 

[noirua]

Re: UXA - Uranium Exploration Australia

... and still we wait for drilling results at Yambla and Zone 5. Yambla results were to be made available in a few weeks in late January last, said MD Dr Russell Penney. Nothing said since then and in my view this is not an acceptable situation - very disappointing.

 

[kingkev]

Re: UXA - Uranium Exploration Australia

I am getting a bit concerned with this bunch. If you announce that by late january announcents will be made then they SHOULD be made. By not announcing makes me think that when the announcements actually come out there might be some negativity attached to these announcements.

 

[kingkev]

Re: UXA - Uranium Exploration Australia

As we speak an announcement has been made

Time to anylise this

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA are moving very slowly to their goals but may be watching cash flow very carefully.

After asset purchases and the 'Big Wet' preventing profits at Geoscience Wireline they have $1.6 million put by for JV exploration with RIL Australia (presently exploring Pandamus West, and waiting to drill Nabarlek North in March/ April 2011).

That leaves not that much left for an all-out drilling exploration plan. Drilling is about to take place at Dome 5 and is a bit behind schedule, as well as Yambla/Swallows Hof for REE.

UXA are probably hoping for good results so as to raise more cash within the year or early in 2012.

I'm content with what UXA are trying to do but market cap is too low for them to take on any big mining ventures.
Only way out of this is an unlikely takeover bid or good drilling results from Dome 5, Yambla or Nabarlek.

 

[kingkev]

Re: UXA - Uranium Exploration Australia

Well it looks like this stock is a holding stock and not really a trading stock. Too many ifs and buts at the moment so I am prepared to hold on and yes I hope some positive drill results are on their way

 

[noirua]

Re: UXA - Uranium Exploration Australia

UXA's GAA Wireline have problems now with drilling opportunities in Australia and Texas. The uranium drilling looks OK in Texas with a 3 year drilling programme but ifs and buts look the order of the day on the Aussie side.

The WA drilling programme may well now be abandoned and the Yambla area unlikely to be worth the original optimism. I expect the Nabarlek drilling plans to go ahead with Reliance support.

Dome 5, zinc-lead-silver present drilling programme is now crucially important and results due in the second quarter 2011.

 

[kingkev]

Re: UXA - Uranium Exploration Australia

Probably should have sold off a few days ago but eventually did. The uranium market is not looking good for me. Took a loss and UXA is now relegated to the watchlist

 

[noirua]

Re: UXA - Uranium Exploration Australia

Probably should have sold off a few days ago but eventually did. The uranium market is not looking good for me. Took a loss and UXA is now relegated to the watchlist

Difficult to say what will happen now and you invest in UXA on a gamble basis. Directors have bought more shares recently but only what a small investor might punt. Worth between 2c and 10c on a find or failure to find and priced at 3.3c.

 

[frankie_boy]

Re: UXA - Uranium Exploration Australia

Difficult to say what will happen now and you invest in UXA on a gamble basis. Directors have bought more shares recently but only what a small investor might punt. Worth between 2c and 10c on a find or failure to find and priced at 3.3c.

I doubled my holding in this last JED fall, yes a gamble you say, but you say the directors bought more shares? What do you class as what a small investor would punt

 

[noirua]

Re: UXA - Uranium Exploration Australia

I doubled my holding in this last JED fall, yes a gamble you say, but you say the directors bought more shares? What do you class as what a small investor would punt

A small investor might punt $3,000 to $6,000 and three directors bought shares within these figures for 3.1c - 3.3c a share. If the Chairman and MD had added 2,000,000 shares each I'd pay attention ($62,000 each).