Australian (ASX) Stock Market Forum

Uranium bimbo

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Can anyone give me a vibe on Toro energy? Would it be silly to buy uranium spec stocks like UXA, PNN, Alliance, Marathon? Also I'd love to know if ERA stocks may go down if there is a US recession. I want to buy some but I am worried they are way too high at the moment???
Should someone who doesnt know alot about expolration & grades etc... just stick to the ERA & BHP & perhaps Paladin? Being a uranium bimbo, I also don't know if its a bad idea to buy shares in a company that has its shares listed at below 1 cent?? I am a little confused as I have a westpac broking watch list - and some shares like URL & GSE appear to be trading below 1 cent? Is this right - is this risky?? Does that mean the company will collapse soon? Thank you for helping me.
Yours in Uranium,
Allyson
 
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Can anyone give me a vibe on Toro energy? Would it be silly to buy uranium spec stocks like UXA, PNN, Alliance, Marathon? Also I'd love to know if ERA stocks may go down if there is a US recession. I want to buy some but I am worried they are way too high at the moment???
Should someone who doesnt know alot about expolration & grades etc... just stick to the ERA & BHP & perhaps Paladin? Being a uranium bimbo, I also don't know if its a bad idea to buy shares in a company that has its shares listed at below 1 cent?? I am a little confused as I have a westpac broking watch list - and some shares like URL & GSE appear to be trading below 1 cent? Is this right - is this risky?? Does that mean the company will collapse soon? Thank you for helping me.
Yours in Uranium,
Allyson
Dear Allyson
All I can say that recently UXA has entered into an agreement with RILA - the Australian front door for Reliance Industries. By the agreement RILA will hold 49% of shares of UXA. So what ? RIL is the smartest operator in India and its largest share holder Mukesh Ambani is one of the first five richest persons in world. Ambani Group is notorious for its game plan which has rewarded the shareholders immensly in India. They even manipulate the government policy that is one of the key strengths forget about the bull about key management, strategy bla bla.
So I would not be surprised that in two years time RILA will be changing some of the strategic uranium policies of Australia to export uranium to India.
Now the share price has dropped down to 28 cents and will probably lower further on Monday considering the drop in DJ index.
ALso UXA has Barry Hawes of MPS - an expert share trading house owner as the non executive director. Which means he has a range of sophisticated investors to get the share going. At the moment the volume is also very low however.
I hope some of the uranium experts in the forum please come forward and advise if UXAO options will be a good investment considring they are expiring in March 08.
Also what is the option conversion price for UXAO
?

Sorry I am just providing what I know but can not recommend or otherwise on this UXA and myself is also looking for some heads up.

Regards
 

prawn_86

Mod: Call me Dendrobranchiata
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I suggest you check out the threads for each of the stocks you are interested in Allyson.

Then post your stock specific questions in those threads, rather than starting a broad thread.

enjoy

prawn

PS - play around with the search function, it is invaluable :D
 
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Thank you so much for this info. What do you mean by "expire" though? That sounds bad???
-------------------------------------------:eek:

Dear Allyson
All I can say that recently UXA has entered into an agreement with RILA - the Australian front door for Reliance Industries. By the agreement RILA will hold 49% of shares of UXA. So what ? RIL is the smartest operator in India and its largest share holder Mukesh Ambani is one of the first five richest persons in world. Ambani Group is notorious for its game plan which has rewarded the shareholders immensly in India. They even manipulate the government policy that is one of the key strengths forget about the bull about key management, strategy bla bla.
So I would not be surprised that in two years time RILA will be changing some of the strategic uranium policies of Australia to export uranium to India.
Now the share price has dropped down to 28 cents and will probably lower further on Monday considering the drop in DJ index.
ALso UXA has Barry Hawes of MPS - an expert share trading house owner as the non executive director. Which means he has a range of sophisticated investors to get the share going. At the moment the volume is also very low however.
I hope some of the uranium experts in the forum please come forward and advise if UXAO options will be a good investment considring they are expiring in March 08.
Also what is the option conversion price for UXAO
?

Sorry I am just providing what I know but can not recommend or otherwise on this UXA and myself is also looking for some heads up.

Regards
 
Joined
Dec 16, 2007
Posts
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Ahhah! Thanks!:eek:

I suggest you check out the threads for each of the stocks you are interested in Allyson.

Then post your stock specific questions in those threads, rather than starting a broad thread.

enjoy

prawn

PS - play around with the search function, it is invaluable :D
 
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