Australian (ASX) Stock Market Forum

UXA - UXA Resources

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frankie_boy said:
I assume that I have to write off my stock..
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Looks that way, though in theory the company is still listed on the ASX. It would require an unlikely change of mind by the lenders combined with a cash rich company pouring money in.

Only company I know to have a form of benefactor, my opinion, is Norseman Gold PLC ASX:NGX whos main asset is Norseman Gold Limited. Tulla Resources have piled cash and effort into this one and somehow paid the liquidators costs and the mine etc., comes back to NGX with piles of strings attached, strings my opinion.
 
noirua said:
Looks that way, though in theory the company is still listed on the ASX. It would require an unlikely change of mind by the lenders combined with a cash rich company pouring money in.

Only company I know to have a form of benefactor, my opinion, is Norseman Gold PLC ASX:NGX whos main asset is Norseman Gold Limited. Tulla Resources have piled cash and effort into this one and somehow paid the liquidators costs and the mine etc., comes back to NGX with piles of strings attached, strings my opinion.
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Guess not.. dammit.. onwards and upwards..
 
frankie_boy said:
Guess not.. dammit.. onwards and upwards..
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UXA Resources Limited are not declared dead yet, in fact the liquidator (now company administrator)has said they may not yet be declared as a complete loss for tax purposes.
An AGM will now be held by March 2014 as agreed by ASIC and if there is sufficient progression the date may get an agreed extension.
The former directors have been restored to the board of UXA but as yet are not commenting on the situation.
It appears, but I cant post the reply, that the liquidator was of the opinion that this situation need not have occurred. [from this I conclude that the debtors recently changed their position on the establishment of a new financier with the right to dismiss the reinstated board of directors]

http://www.tradingroom.com.au/apps/....tradingroom.com.au/apps/qt/quote.ac?code=uxa

http://www.tradingroom.com.au/apps/....tradingroom.com.au/apps/qt/quote.ac?code=uxa

UXA are no longer an ASX listed company but announcements will still continue on ASX as required by ASIC.
 
UXA Resources' shares will return to ASX quotation on 28th September 2015, after exactly 3 years suspension.

OH, that ASX quotation never happened as ASIC stepped in and new cash raising plans had to be made. Still trying to raise cash from a rights issue at 10c a share and appear to be struggling somewhat to get close to the 100% hoped for.
Only good hope is that uranium is becoming more acceptable again as the cough cough cough brigade step up pollution worries aplenty. If uranium gets up to $60 a lb, then UXA become interesting with an additional gold exploration interest.
 
On March 29th, 2016, UXA Resources Limited (UXA) was removed from the ASX's official list pursuant to Listing Rule 17.12.
 
System said:
On March 29th, 2016, UXA Resources Limited (UXA) was removed from the ASX's official list pursuant to Listing Rule 17.12.
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Not the end yet for UXA Resources as a company and more a case of failing to raise sufficient funds at 10c a share before the runway left no more space to takeoff on ASX. The way back would need a takeover by another ASX company that could happen with markets in the gold sector improving.
 
So far unable to get a response from UXA Resources. A Public unquoted company is only expected to report every 12 months and notify changes to directors: Those newly appointed and those who have resigned.
 
noirua said:
So far unable to get a response from UXA Resources. A Public unquoted company is only expected to report every 12 months and notify changes to directors: Those newly appointed and those who have resigned.
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Company says the usual. As soon as they have any information it will appear on the website. Unable to give further guidance as to when this might be.
 
Connect - ASIC
https://connectonline.asic.gov.au/R...&_afrWindowMode=0&_adf.ctrl-state=f8q1v9v0w_4
https://abr.business.gov.au/ABN/View?id=65112714397

UXA Resources Limited engages in the exploration and development of mineral tenements in Northern Territory and South Australia.
The company explores for uranium, copper, gold, and platinum. Its principal projects include the Nabarlek Uranium project with two granted exploration licenses and eight exploration license applications located in the Alligator River and the Westmoreland uranium provinces; and the Pandanus West tenement with one granted tenement of 960 square kilometers and three tenement applications situated in the Murphy Inlier in the Northern Territory. The company is based in Adelaide, Australia.
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UXA Resources Limited announced that it had been granted the Commonwealth Hill exploration licence (EL 4971) in South Australia on 3rd September 2012.

Commonwealth Hill is located 15km north of Kingsgate’s Challenger gold mine (3 million ounces of contained gold), and 150km north west of Tarcoola in central South Australia. The area had drawn interest with Trafford Resources acquiring a 51% interest in a joint venture with Kingsgate's Dominion Gold Operations on tenements adjacent to the Challenger mine in August 2012.

Commonwealth Hill is prospective for lode gold deposits similar to the Challenger gold mine and palaeochannel uranium deposits, similar to the Beverley uranium mine in South Australia. Previous exploration identified the Garford palaeochannel (uranium) and the Nemesis gold prospect where a 1.5km long gold calcrete anomaly had been inadequately tested by previous widely spaced shallow vertical drill-holes.
 
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Peter Hayden Hunt is a businessperson who has been at the head of 7 different companies and presently is Non-Executive Chairman of Xped Ltd., Non-Executive Chairman of Xped Corp. Pty. Ltd. (a subsidiary of Xped Ltd.) and Non-Executive Chairman at UXA Resources Ltd. Mr. Hunt is also on the board of Intermin Resources Ltd. (former Chairman) and Urex Ltd. and Member of The Institute of Chartered Accountants in Australia. https://www.marketscreener.com/business-leaders/Peter-Hayden-Hunt-07H3TQ-E/biography/
 

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