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UXA - UXA Resources

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Re: UXA - Uranium Exploration Australia

I believe is the price can surpass 30c, very likely to achieve 35c afterward. Any other recommendation?
 
Re: UXA - Uranium Exploration Australia

UXA seems to have jump out of the resistant price of 28c, looks promising especially when there aren't any further news regarding to the estimation of mineral yet.
 
Re: UXA - Uranium Exploration Australia

There has been a sudden increase in volume, which seems to be a positive move though yet not really clear yet. Next break mark - 30 c. Keep Positive!
 
Re: UXA - Uranium Exploration Australia

Trading is flat on the stock... Hope goods news on drilling will come soon
 
Re: UXA - Uranium Exploration Australia

Lots of shares and options have been issued to directors in todays ASX announcement - 11.4 million shares and 11.275 million options.

This can be a problem for new exploration companies with no cash generation. If shares are continually issued then the market cap will increase and not to share holders benefit.

Woodside Lakes Entrance Oil ( now Woodside Petroleum - ASX 20 ) was a small cap exploration company in the mid-1960's. The share price rose from 50 cents in 1967 to 80 cents in 1982 - the market cap rose 5 fold due to rights issues. The price now is $45.20, but the market cap has risen over 500 times the 1967 level. ( Figures approximate ).
 
Re: UXA - Uranium Exploration Australia

What do expect the price of UXA to be by the end of this week. I still believe it can reach a price or 60cents or more once the news is out, maybe $1, like AUM, URL. Keep postive!
 
Re: UXA - Uranium Exploration Australia

stockmaster said:
I still believe it can reach a price or 60cents or more once the news is out
Click to expand...
The question is WHEN? How long should it take for UXA to complete proposed 2nd and 3d drilling?
 
Re: UXA - Uranium Exploration Australia

I agree that knowing when the drilling will finish is crucial, however a postive result is very likely. Waiting till the news is out is a very safe move, however the amount of gain will be reduce significant especially if the news came after the market has closed.
 
Re: UXA - Uranium Exploration Australia

I believe 30c is a price barrier!! It is getting closer!
 
Re: UXA - Uranium Exploration Australia

Can't get what recent activity and jump to 31c is based on... Does it mean some good news are due soon?
 
Re: UXA - Uranium Exploration Australia

Povesa said:
Can't get what recent activity and jump to 31c is based on... Does it mean some good news are due soon?
Click to expand...

Might be!. I believe breaking the 30cents barrier and resisting at that price shows in somewhere there are news regarding to the drill. Keep watchlist!
 
Re: UXA - Uranium Exploration Australia

In regards to the director shares and options....I believe they were actually assigned last year and are being reported now. The only shares or options that have been recently handed out were listed in the Appendix 3B and amount to 1,000,000 options. Small fry.
 
Re: UXA - Uranium Exploration Australia

Is any geologist on the forum who knows how long does it usually take to complete drilling?
 
Re: UXA - Uranium Exploration Australia

How many holes?
How deap?
How far apart?
How many rigs?
What type of ground?
How's the weather?
How good are the miners?
Are the working hard?
How many coffee breaks?

I'd say definitively, 29.4hrs per hole.
 
Re: UXA - Uranium Exploration Australia

Price has once again broke the 28cents barrier, there seems to be another rally coming up.!!
 
Re: UXA - Uranium Exploration Australia

not with trades of this volume!!

Time Price Volume
12:32:58 PM 0.280 1
 
Re: UXA - Uranium Exploration Australia

noirua said:
Exec Chairman's drilling views: http://www.theadvertiser.news.com.au/common/story_page/0,5936,19620984%5E913,00.html
http://www.thewest.com.au/default.aspx?MenulD=32&ContentID=353
Click to expand...


The comment here by Exec Director, Neill Arthur that the inferred silver resource figure at Sloanes hill will be available late this year, shows there is no hurry on this front. The advantage of this silver deposit is its depth and clean ore result.
It is the deeper drilling results for Copper, Gold and Uranium that are most important and we may hear more later this month with the the preliminary Annual results.
 
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