It is understood that the company Chairman has briefed...

It is understood that the company Chairman has briefed stockbrokers in London and this may be the reason for a rise. UK shareholdings have been building up in the last 4 months. Mr Arthur is due to speak in Bishopsgate, London at 6pm BST on Wednesday and may mention UXA.

UXA stock has been depressed in the last 12 months like many in the uranium sector. A move into a JV with Teck resources has increased speculation. Talk of a bid by Deep Yellow DYL looks unfounded, though they and DYL haven't commented on the situation,.