UXA - UXA Resources

[ALFguy]

Re: UXA - Uranium Exploration Australia

I don't know, it seem to meet a resistance at 0.41, that would help if I could evaluate the exact value of that news. Maybe a pro in this forum could share his knowledge on this kind of news/price huge reaction.

I guess .41 was getting a bit high for 1 day. Thinking that a close of around .38 to .40 will be a base for tomorrows trading.

But a pro's view would be appreciated yes

 

[stockmaster]

Re: UXA - Uranium Exploration Australia

ALthough UXA ended lower than expected value of 0.34, it doesn't seem to be a bad thing, coz it allows more flexibility and space for traders, i believe if market react well for tomorrow, UXA can achieve a price up to .6!

 

[ALFguy]

Re: UXA - Uranium Exploration Australia

ALthough UXA ended lower than expected value of 0.34, it doesn't seem to be a bad thing, coz it allows more flexibility and space for traders, i believe if market react well for tomorrow, UXA can achieve a price up to .6!

"if market reacts well tomorrow" - That's the sticking point.
Closed at .34 so suspect there will be a lot of buying interest early on.

got back in so will be watching for some upward movement early on.

 

[cuttlefish]

Re: UXA - Uranium Exploration Australia

would help if I could evaluate the exact value of that news. Maybe a pro in this forum could share his knowledge

I think the things that would affect valuation would be level of mineralisation (looks like its ok), how easy it is to get out (seems to be close to the surface in stuff that could be fairly easily mined), and the big question - how much there is - the story say's they won't start estimating that until they've drilled some more holes. They've attached maps and things so I suppose if you knew what you were doing you could probably have a bit of a guess still though.

Funny seeing it move about so much today, yet an announcement on the 20th that they'd encountered some silver mineralisation didn't move the stock at all. I guess its the fact they say the "silver mineralisation is readily mineable".

 

[kariba]

Re: UXA - Uranium Exploration Australia

I think the things that would affect valuation would be level of mineralisation (looks like its ok), how easy it is to get out (seems to be close to the surface in stuff that could be fairly easily mined), and the big question - how much there is - the story say's they won't start estimating that until they've drilled some more holes. They've attached maps and things so I suppose if you knew what you were doing you could probably have a bit of a guess still though.

Funny seeing it move about so much today, yet an announcement on the 20th that they'd encountered some silver mineralisation didn't move the stock at all. I guess its the fact they say the "silver mineralisation is readily mineable".

It's not the silver that has everyone salivating - It is the fact that it is right next to prominant hill!!!!!!!!!!!!!!!!

This is elephant country People!!

With the silver comes massive gold & uranium potential!

The silver is just the "chaser" - As they state in the announcement, they are now honing in on the gold & uranium potential.

cheers

 

[cuttlefish]

Re: UXA - Uranium Exploration Australia

so are you saying the discovery of a high level silver mineralisation increases the likelihood that they'll also find uranium and gold? (can you tell I'm not a geologist? lol).

 

[hypnotic]

Re: UXA - Uranium Exploration Australia

so are you saying the discovery of a high level silver mineralisation increases the likelihood that they'll also find uranium and gold? (can you tell I'm not a geologist? lol).

I don't understand this as well, when they announced they found widespread silver there was no reaction. And this time the market reacted with 112% increase is just crazy. Unless can they hide the fact that they have also intersected uranium too???

Is there really a likelihood to find uranium and gold after they find silver? Does anyone know or just a speculation?

Hypnotic *confused

 

[YOUNG_TRADER]

Re: UXA - Uranium Exploration Australia

It's not the silver that has everyone salivating - It is the fact that it is right next to prominant hill!!!!!!!!!!!!!!!!

This is elephant country People!!

With the silver comes massive gold & uranium potential!

The silver is just the "chaser" - As they state in the announcement, they are now honing in on the gold & uranium potential.

cheers

Kariba has hit it 100%, its not the silver those are poor to avg grades, good to excellent grades of silver are 100g/t + remember silver only fetches $12usd oz, so 30-70g/t is avg,

But the key is its near Prominent Hill which was a huge Copper Gold Deposit,

I view this as a trading stock with caution and I do have a bit of experience with this company I jumped on IPO for its Uranium potential, just wish they'd get a drill rig to their N.T. tennements,


More than anything I think what this and AUM shows is that the market will still go nuts!

 

[srivest]

Re: UXA - Uranium Exploration Australia

Is there really a likelihood to find uranium and gold after they find silver?

Can someone answer that question ?

Do you guys believe we'll see another AUM effect ?

 

[cuttlefish]

Re: UXA - Uranium Exploration Australia

Kariba has hit it 100%, its not the silver those are poor to avg grades, good to excellent grades of silver are 100g/t + remember silver only fetches $12usd oz, so 30-70g/t is avg,

But the key is its near Prominent Hill which was a huge Copper Gold Deposit,

ok, so the knowledge that the tenement is next to Prominent Hill and that they are doing drilling on it has been there for a long time now - i.e. this information is nothing new. Then on the 20th they announce they've encountered silver mineralisation - nothing happens to the stock.

So now they announce that they've encountered mineable grade silver mineralisation in unknown quantities and the stock triples in price ...

If geologically the discovery of silver increases the likelihood that they will also find gold and uranium, then why didn't the announcement of silver mineralisation on the 20th have any effect?

The usual market sanity ...

And I'm not saying that for traders it isn't a good trading opportunity (I know little about trading myself but I know that price action is important and you've certainly got that! )

 

[hypnotic]

Re: UXA - Uranium Exploration Australia

From www.minebox.com

Commenting on this exciting development, Executive Chairman Mr Neill Arthur said, “This silver discovery begins to realise the intrinsic value of UXA’s exploration and investment within the highly prospective Gawler Craton region in South Australia”.

“Given our drill programme is yet to fully drill test existing uranium and other anomalies at Sloanes Hill and on UXA’s other ELs, the potential to unlock a major, world class deposit remains as strong as ever.”

Located 30 kilometres south of the Prominent Hill copper - gold proposed development by Oxiana along a parallel east – west structure, the silver mineralisation discovered by UXA is contained in near surface horizontal dolomitic silts, pebbly sands and carbonaceous shales of Lower Cretaceous Age.

Preliminary drill core inspections indicate the silver mineralisation is readily mineable.

The company will commence a resource estimate with the completion of drilling of two more holes, which are planned 3 kilometres and 6 kilometres west of the original discovery hole DDH SH – 1 where geology outcrop and hydrothermal alteration share similar geological settings to the high grade silver result at between 29 and 44 metres depth.


It sounds there COULD be uranium among these drillings and they are doing more drilling around the area, they have not test for it yet.. (Strange i thought these mop are set out to dill for uranium and yet they announce the silver they find first)

with the market reaction i am looking closely and buying in again today i think

Hpynotic

 

[hypnotic]

Re: UXA - Uranium Exploration Australia

The market has gone crazy over this one....

where will this share stop?

looks like it's meeting resistance at 40c

 

[MalteseBull]

Re: UXA - Uranium Exploration Australia

Bought more today on open, this company has merit. Should defently see .50 by end of day with continual support

 

[ALFguy]

Re: UXA - Uranium Exploration Australia

The market has gone crazy over this one....

where will this share stop?

looks like it's meeting resistance at 40c

Yeah resistance at 40c and a great deal of profit taking early on it seems.

Still, could see this heading to 50c later today as Maltese said.

 

[hypnotic]

Re: UXA - Uranium Exploration Australia

Yeah resistance at 40c and a great deal of profit taking early on it seems.

Still, could see this heading to 50c later today as Maltese said.

Yeah a lot of profit taking......

but it's a very heated stock today....

Can it compare with AUM..... = P

 

[ALFguy]

Re: UXA - Uranium Exploration Australia

but it's a very heated stock today....

Can it compare with AUM..... = P

No kidding! Staggering volume for the first 40mins of trading.

Thought I doubt we'll see another AUM

 

[srivest]

Re: UXA - Uranium Exploration Australia

Good opening, it's going down at the moment, lots of people want to "cash in" $. Let's how low it can get so I can buy it again

 

[noirua]

Re: UXA - Uranium Exploration Australia

Can someone answer that question ?

Do you guys believe we'll see another AUM effect ?

Normally it is Copper and Gold together that indicate the presence of Uranium, though Uranium is usually found at greater depths than UXA has found its silver.

As indicated by another poster, it is the Northern Territory that gives the best potential at Katherine North where Uranium deposits have already been located. Yeelirree in Western Australia is the best of all, though it is not legal, as yet, to explore for uranium in WA.

UXA reached 54 cents in the Uranium share dash recently, before the collapse that is, it is therefore reasonable, IMHO, to ask whether they are worth a good deal more now that the gamble stakes have risen.

 

[cuttlefish]

Re: UXA - Uranium Exploration Australia

well I thought I'd have a go at this trading stuff. Bought the open (35), tried to figure out supports as it moved up, put a trailing stop at 38 saw it bump around at 40 ish, but bailed out at 37.5 when it hit the .38 stop.

Made a grand total of $210 after brokerage ...

Think I might stick to investing lol. Though I can understand the excitement - when it was bumping around .40 I was thinking it'd pretty good if it actually broke out like yesterday.

Looks like the funs over for now.

 

[stockmaster]

Re: UXA - Uranium Exploration Australia

The fun might not be over, as there might still be news about the exploration, and the price might double once again.