Uru Metals Share Discussion Threads

[triskelion] 29/12/2023 13:35

Cash and cash equivalents down to US$383,000.
One increasingly wonders what the point if any of URU's ongoing existence might be, never mind the costs of maintaining its AIM "listing".
Without doing a deep dive, one wonders if it should transfer its subsidiary's holding of ZEB Nickel Corp. to URU shareholders in return for cancelling members' shareholdings in URU.
"URU’s continuing role as the technical operator of the Project" - presumably at least in theory could be transferred to ZEB Nickel Corp...?
ZEB Nickel Corp. is listed on the Toronto Stock Exchange so presumably can be dealt on the usual UK retail investor platforms and regulatory environment much the same as AIM? zebnickel.com

[hedgehog 100] 11/5/2023 17:26

02/05/2023 11:14 Alliance News Alliance NewsIN BRIEF: Seed Capital hires Uru Metals CEO John Zorbas as CEO LSE:SCSP Seed Capital Solutions Plc
02/05/2023 07:30 UK Regulatory (RNS & others) Seed Capital Solutions PLC Board Changes LSE:SCSP Seed Capital Solutions Plc

"Seed Capital Solutions plc (LON: SCSP), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce the appointment of John Zorbas ("John") as Chief Executive Officer ("CEO").

John Zorbas, aged 52 has over 15 years of experience in global equity markets in an executive role. He is CEO of AIM listed URU Metals Ltd (AIM: URU), a position he has held since 2014. Since 2021 John has been working in the ESG space as a Non-Executive Director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp. Mr Zorbas will take up his position as CEO of Seed Capital Solutions Plc with immediate effect.

Incoming CEO John Zorbas commented: "I am delighted to join the Seed Capital Solutions Board at the start of a game changing investment journey. More than ever the world needs sustainable solutions to societal problems, and this is a factor that investors have become increasingly aware of."

"ESG solutions need support and investment more than ever before, and I look forward to seeking out innovative companies with the requisite credentials to accelerate our growth as a UK listed company."

Chairman Damion Greef commented: "I am pleased and excited to have John Zorbas join us as CEO of Seed Capital Solutions Plc. John has a global mindset and longstanding experience of multiple financial markets and is also an experienced investor in ESG opportunities. We look forward to bringing this experience to bear as we assess acquisition targets."

The Company also announces that Non-Executive Director Derek Ward will be stepping down. The Board would like to thank Derek for his efforts in bringing Seed Capital Solutions to market and wish him well for the future."

[bozzy_s] 17/2/2023 16:42

There you go again. They've put in a closing trade at 144p, so these'll open 'up' 56p on Monday.

Definitely someone making an effort to get these on the leaderboard every day. Someone who's happy to sell at 150p or 144p in order to fix the closing price.

Edit - quick bit of research. In order to take part in the auction process, you need Direct Market Access (DMA), and the stock needs to be SETS traded. DMA is usually used by high net worth individuals, and institutions.

So whoever is manipulating the closing price of URU isn't a small-time trader. They're happy to sell to someone at 144p and 150p, in order to put URU on the winner's list next day.

Anyone with DMA can put in a buy order at 150p in the closing auction, to buy stock from this large seller.

[bozzy_s] 17/2/2023 16:21

It's someone manipulating the closing share price, in order to put URU on the leaderboard next day.

Example: All day the spread is 150-250. So the price is 200. At the end of day auction, someone makes a trade at 150, which becomes the closing price. It's the final UT trade which determines the closing share price - look at the past few days' trades.

Next day, the shares open at 150-250, therefore apparently up 50 from the previous day's close of 150.

It's smoke and mirrors.

My guess is someone's trying to drum up interest in order to sell their shares. Someone with access to the closing auction, so therefore probably a decent sized position.

[nesnoor] 17/2/2023 10:19

Because the spread is huge.

[volsung] 17/2/2023 08:24

How come this is top of the leader board for days but is always 200p?

[888icb] 12/2/2023 19:46

ZBNI was Up 28.23% on Friday and has a market cap of CAD 13.72 million, which is £8.49 million. So URU’s 75% of ZBNI is valued at £6.36 million which is 2.5x URU’s current market cap of £2.47 million. URU looks due for a rerate to reflect the increasing value of its principal asset.

[blackhorse23] 10/2/2023 11:13

Bought 888 today

[888icb] 09/2/2023 15:38

I am going for a Chinese tonight.

[amazoner] 09/2/2023 14:07

blackhorse promoting cury everywhere lol

[blackhorse23] 09/2/2023 12:29

Bought CURY today

[888icb] 06/2/2023 11:02

URU is currently Up 33% and top of the Leaderboard on very low volume and a very large spread. The move presumably relates to its largest investment ZEB Nickel moving Up 18.92% on Friday. It will be interesting to see if ZEB Nickel is going to have some good news in the near future.

[888icb] 31/1/2023 14:39

URU is back trading as from 2pm today.

[jswjsw] 29/12/2022 14:10

Yes, but only til tomorrow. It's then suspended. The quesiton is: will it ever come back??????

[terminator101] 29/12/2022 08:42

Is this sack of lifestyle pish still trading?

[triskelion] 08/10/2022 14:13

Alliance news item appeared 20:17 Friday night at SharePad but seems to basically rehash URU's own RNS of 30 September 17:59 (also Friday)
Zeb Nickel Corp. has commenced drilling at the Project.... The Company also intends to strengthen the Board of URU with the appointment of an additional independent non-executive director, who will be UK based, as soon as practicable...

oh btw ...[because: COVID, social distancing, etc at the company responsible for preparing financial statements for auditing] URU's auditors are unable to sign off before 30 September 2022... the Company requested and has been granted a three-month extension to the filing deadline...

October surprise? But the RNS contains more info including on cash position etc.

[1retirement] 04/9/2022 11:25

888, you in here? Come have a chat again on the SEED board. I'd love to hear your thoughts on the more recent RNS. Hope to chat soon.

[888icb] 03/9/2022 10:35

ZEB Nickel Up 52% yesterday. We have had no news from ZEB since the Gold in April. Does this rise indicate that ZEB news is imminent?

[pugugly] 22/4/2022 09:52

Mark1000 - Market cap sub £5m so still a very very small minnow.
Spread also one of the largest in the market in cash terms - Gamblers or insiders only (imo)

[the count of monte_cristo] 13/4/2022 14:27

It's a strange one. One to tuck away and wait for that 30,000m drilling programme to kickoff.

[the count of monte_cristo] 13/4/2022 10:22

Ting bu dong?

[the count of monte_cristo] 13/4/2022 07:27

Those gold grades are very good. Tiny market cap and sitting next to big players and on trend with a Ivanhoe. Interesting.