UXA - UXA Resources

[noirua]

Uranium Exploration Australia came to the ASX in November 2005, and was established to explore for, locate and develop commercial grade uranium mineralisation and associated copper and gold.

The company is led by Executive Chairman, Mr Neill Arthur - http://www.companydirectors.com.au/M...thur+FAICD.htm

http://www.uxa.com.au

http://www.uxa.com.au/documents/UXAP...ease180106.pdf

http://www.uxa.com.au/about.htm

http://www.uxa.com.au/service.htm

http://www.uxa.com.au/news.htm

http://www.uxa.com.au/Announcements.htm

[noirua]

Company Presentation:

http://www.asx.com.au//asxpdf/200602...v2mzss4yl5.pdf

( 32 page download ).

[YOUNG_TRADER]

Noi, I too owned (past tense) UXA, problem is once the stock opened below IPO price this was going to become a very strong price ceiling (Resistance) this was evidenced with the stock momentarily touching the 20cent level a few weeks back and then retreating, it is a good company don't get me wrong, it probably has the best exploration acerage for Uranium (read one of the largest land holdings in NT the only pro U3O8 place in Aus)

However for most people who got on IPO we got 1:2 free opies, so when the stock went back up to 20cents I sold as I still hold the options should their be any price upside (options were free)

Sadly it make take this company awhile to establish a presence, it had some vol today, it will be interesting to watch how it opens tomorrow could be something in the air

[noirua]

Noi, I too owned (past tense) UXA, problem is once the stock opened below IPO price this was going to become a very strong price ceiling (Resistance) this was evidenced with the stock momentarily touching the 20cent level a few weeks back and then retreating, it is a good company don't get me wrong, it probably has the best exploration acerage for Uranium (read one of the largest land holdings in NT the only pro U3O8 place in Aus)

However for most people who got on IPO we got 1:2 free opies, so when the stock went back up to 20cents I sold as I still hold the options should their be any price upside (options were free)

Sadly it make take this company awhile to establish a presence, it had some vol today, it will be interesting to watch how it opens tomorrow could be something in the air

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A very fair opinion really, but the gamble factor in this type of operation is the one to be assessed. The last ASX announcement said, that results of ground surveys of previous aerial annomalies will be released this month.

Perhaps it's a case of " you pays y'er money and takes your chance ".

As you say " ...could be something in the air. "

The present Board of Directors and particularly the Exec Chairman are not the types to sit on salary and option returns, IMHO.

[noirua]

http://www.aireview.com/index.php?ac...=3589&setSub=1

[YOUNG_TRADER]

Noi, its looking very bullish, if it can close above say 21-22cents today, its set for a bullish uptrend, its currently in uncharted waters eating through 20.5 centos,

Good Luck

[YOUNG_TRADER]

I should add though as a note of caution, if it fails to close above 20cents, stock may have formed a tripple header @ 20cent level, which would probably suggest a drift back down to 13-14cents and make the 20cent resistance level a very strong one indeed,

P.S. UXA was a 20cent IPO that listed back in Oct or Nov, it came with a free 1:2 20cent 31/3/08 option

[noirua]

I should add though as a note of caution, if it fails to close above 20cents, stock may have formed a tripple header @ 20cent level, which would probably suggest a drift back down to 13-14cents and make the 20cent resistance level a very strong one indeed,

P.S. UXA was a 20cent IPO that listed back in Oct or Nov, it came with a free 1:2 20cent 31/3/08 option

Hi Y_T, the options ( UXA0 ) closed at 6.1 cents, very difficult to value these at 30% above the 20 cents 2008 option conversion price. If the shareprice goes well above 20 cents that should be a good plus for future financing. Not for me options as the chance of loosing everything is very real.

Exec Chairman Neill Arthur has a big following in the UK and Ireland. Publicity on UK bulletin boards may have been part of the reason for recent interest.

In my view UXA is a very interesting gamble, a small cap. stock in a speculative sector.

[YOUNG_TRADER]

Oh dear,

Well looks like confirmation of a tripple header at the 20cent level,


Its really gonna take something special to get this one over that level

[noirua]

Drilling commences in April 2006.

http://www.asx.com.au//asxpdf/200603...rsfsyzr400.pdf

[YOUNG_TRADER]

"URANIUM Exploration Australia says it has used new in-house technology to find a "newly recognised style of deposition of uranium mineralisation" in South Australia's Gawler Craton region and plans to drill the targets, along with a number of more conventional anomalies, in the next quarter.


When contacted by MiningNews.net UXA executive chairman Neill Arthur was particularly guarded, not wanting to reveal the company's "competitive advantage" at this point in time.

"Obviously we've got some in-house technology, which is able to find uranium from the surface, which other people haven't been able to do in Australia," Arthur said.

"One of those keys is the types of rocks and surface cover involved so we want to keep that to ourselves for the moment, for the benefit of our shareholders."

The company says "several" of the 10 targets that it has identified in its 4000 square kilometre ground holding in the "mineralised corridor" of the Gawler Craton were of the new style. The company has projects to the south-west of Olympic Dam and south-east of Oxiana's Prominent Hill.

UXA used more traditional airborne radiometric surveying, along with field mapping and surveying, to identify the rest of the 10 targets.

Seven of these targets, at estimated depths of 50-350m, will be drill tested in a 3450m drilling program budgeted at $A520,000, and set to start in April."




April should be a very interesting month for UXA, I'd say buying on a drift back to 12-13cents would be very smart buying, this is what I would be looking to do again

[YOUNG_TRADER]

Really suprised that it hasn't drifted back much at all, it keeps opening around the 20cent level, hmmm I thought this was a tripple header, I think there are too many eager buyers wanting to take a seat before the drilling show starts in April, hopefully I can scalp some cheap tickets to the show last minute

[noirua]

Really suprised that it hasn't drifted back much at all, it keeps opening around the 20cent level, hmmm I thought this was a tripple header, I think there are too many eager buyers wanting to take a seat before the drilling show starts in April, hopefully I can scalp some cheap tickets to the show last minute

I doubt that there will be any cheap tickets before the show. After the show who knows.
Trading in my view has been surprisingly two way. Interest may also be coming from small investors in Germany and the USA.
Definitely a gamble, a cheap gamble if there is such a thing.

I expect UXA to test 30 cents in the run up to the April drilling. Perhaps " hope " is a better word than expect.

[noirua]

UXA are trading at 20.5 cents this morning with the options hitting a high of 8 cents.
I was just coming round to the idea of buying a few options and they have suddenly jumped. Perhaps it's the shares that are cheap rather than the options expensive, time will tell.

[YOUNG_TRADER]

Noi, IMO UXA will definately test the 30cent level around april drilling time, the stock is getting warmer by the day, it has now broken above 20cent resistance and hopefully change of polarity has occured and this is now the support, Next few weeks will be interesting

Also entire Uranium Mkt is really starting to take off,
Take a look at MTN I think there is alot of upside in this stock

Happy Investing

[noirua]

Noi, IMO UXA will definately test the 30cent level around april drilling time, the stock is getting warmer by the day, it has now broken above 20cent resistance and hopefully change of polarity has occured and this is now the support, Next few weeks will be interesting

Also entire Uranium Mkt is really starting to take off,
Take a look at MTN I think there is alot of upside in this stock

Happy Investing

J_T, only problem I can see, looking at UXA's MD's statement, is that exploring for Uranium in NSW still remains illegal. Not certain what the position is if Gold and Copper are found at commercial levels and Uranium is accidentally found as well.

[YOUNG_TRADER]

? ? ? ?
I don't know what your talking about who is exploring in NSW for Uranium?

[noirua]

? ? ? ?
I don't know what your talking about who is exploring in NSW for Uranium?

MD's NSW information:

http://mudgee.yourguide.com.au/detai...ng&m=12&y=2005

[YOUNG_TRADER]

Oh, but who cares,
UXA's main portfolio is in NT and SA, who cares what they have in NSW,

The upcoming drilling is in SA

[noirua]

Oh, but who cares,
UXA's main portfolio is in NT and SA, who cares what they have in NSW,

The upcoming drilling is in SA

Fair enough, as you say " who cares " as UXA hit 24 cents and the options trade at 9 cents.