Although UXA is undervalued atm, Friday's trading is still a bit...

Although UXA is undervalued atm, Friday's trading is still a bit strange.

Sb acquired 1.2% of UXA --3.5 million shares at 4.1c, looks like it is urgent and not professional.

He should have bought at 4.0c, if professional enough.

So, it's at least showing the buyer is not institutional buyer.

The total amount worth $150 k, this is a lot of money for individual buyer.

I have to draw the conclusion that maybe some inside news leaked on Friday.

As we all know currently there is only 1 project ongoing----Yambla C Harts Range, U - REE.

Although the final result is available in Jan 2011, the field operator still can detect the HREE/U308 radiation straight away if it's strong enough.

Another possible reason is CWH-CHINA WEST HOLDING increasing its holding position.

CWH is selling its chinese cement plant in Chongqing, the sale may be worth A$10-20 million, it will be cashed up and UXA should be it's investment target in Aus.

However as the sale will be settled in Jan 2011, it's unlikely CWH buy UXA shares now. But we should note CWH paid 5-6c for UXA shares just 2 month ago, it knew UXA would issue new shares at 4c, and it knew how many shares would be issued, but still paid on everage 5.2c for UXA.

Last, I have to clarify some sellers may misunderstand (the 40,000,000 at a price no less than 80% of the VWAP of UXA shares), this has been done at 4c---which is much higher than 80% of the VWAP.

Total shares on issue is 313 million.

On monday, if we see the buying continue and 4.5c be cleared, we can confirm the early results of the HREE is quite good.

If 4.5c gone, I will top up at 4.6c.

good luck!