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AEE Abdn.Emrg.Econ.

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Share Name Share Symbol Market Type Share ISIN Share Description
Abdn.Emrg.Econ. LSE:AEE London Ordinary Share GB0000306109 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Abdn.Emrg.Econ. (AEE) Latest News

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Abdn.Emrg.Econ. (AEE) Discussions and Chat

Abdn.Emrg.Econ. Forums and Chat

Date Time Title Posts
22/11/201118:56Aura Energy (AEE) AIM and ASX listed Uranium play27

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Posted at 22/11/2011 17:08 by jermaine77
FDC start coverage with target of $0.80 vs current $0.20 price
Posted at 12/8/2010 09:44 by robson1974
By: Esmarie Swanepoel
9th August 2010
TEXT SIZE PERTH (miningweekly.com) – Perth-based explorer NGM Resources on Monday reported a "technical breach" in the conditions of a takeover offer from uranium miner Paladin Energy.

The ASX- and TSX-listed Paladin Energy has made a A$27-million all-scrip takeover offer for NGM Resources, in which it already had a 22,5% stake.

However, NGM reported that the Deutsche Bank Group has acquired a 10,7% relevant interest in the issued capital of NGM Resources, breaching one of the conditions of the proposed Paladin offer.

NGM director Robert Kirtlan said that the company was now awaiting advice from Paladin as to whether it intended to waive this condition to allow its takeover offer to proceed.

"NGM has not had any communication with Deutsche Bank Group, nor is it aware of Deutsche Bank Group's intentions or motivations for acquiring this relevant interest," said Kirtlan.

"At this time, NGM's board has no reason to believe that any party is planning to launch a competing offer to the Paladin offer," he added.

NGM has previously reported that the Paladin offer provided an attractive premium of 54% to the five-day volume weighted average price of NGM shares, and the company directors unanimously recommended that shareholders accept the offer.

Paladin said that the proposed acquisition would add to its portfolio of early-stage uranium exploration projects, and would give it a presence in a country with a long history of uranium production.

"The potential acquisition of a large, underexplored landholding within the highly prospective Tim Mersoi basin will provide Paladin with the opportunity to potentially unlock significant value by applying its proven uranium exploration and development capabilities," said Paladin MD and CEO John Borshoff.
Posted at 27/7/2010 21:03 by robson1974
July 27, 2010

The Uranium Shortfall Is Coming, According To Alan Eggers Of Manhattan Corporation

By Our Man in Oz



No-one is better qualified (or named) to egg on investors in uranium companies than Alan Eggers, chief executive of the Australian explorer, Manhattan Corporation. For the past year he has been chief cheer leader of a rather despondent group of Aussie uranium companies which, every time they get a little up-kick in their share prices, get whacked down again by the simply awful spot price for the metal/fuel. Last week, Eggers was at it again as one of the star attractions at the annual Australian Uranium Conference in the port city of Fremantle. In a quick-fire 20 minute address he revved up the 200 or so delegates, explained the exploration plans of Manhattan at its Ponton project in central Western Australia, showed a snappy illustration of the planned in-situ recovery there, and predicted a recovery in the uranium price, something the audience had undoubtedly heard before (yawn), although not lately with such promising echoes in the background.
Just as Eggers was explaining why he believed the uranium price is getting set to rebound from spot price of around US$41 a pound and a long-term price of up to US$70 per pound, other people, on the other side of the world, were seeing the same signs. London's own Daily Telegraph newspaper even picked up on chatter emanating from China that a spot of stockpiling is underway, with those inscrutable chaps in Beijing taking advantage of the low uranium price to fill their warehouses ahead of a major expansion in their nuclear power program. The theory that China is buying well ahead of its requirement to fuel 24 new reactors under construction is supported by the World Nuclear Association and Thomas Neff, a physicist at the Massachusetts Institute of Technology.

According to the London report, which harmonised seamlessly with what Eggers had had to say in Fremantle a few days earlier, China is in the market for about 5,000 tonnes of uranium despite only needing 2,875 tonnes for its current fleet of 11 nuclear power stations. Early buying of fuel, especially at rock bottom prices, is the sort of thing a country with a spare trillion dollars of savings can do, and which bankrupt European countries can only dream about. If the speculation is correct, and China is really starting to buy now, it could be the first sign of a sustained upswing in the uranium market, following three very gloomy years.
Posted at 21/7/2010 07:17 by robson1974
Aura Energy (AEE AU) up 28% overnight

Announce a 291m lb initial JORC on Swedish project (i'd take it with a pinch of salt)
Posted at 20/7/2010 16:04 by paesano2
That's my understanding hence the reducing % due to AEE picking up costs for the work being done.

The 40-60mlb target is a more recent change. On their new style website a few weeks back FaI was up to 160mlb I think.
Posted at 19/7/2010 23:13 by robson1974
but the half which were well mineralised averaged 500ppm+ so i guess it evens out, anyway their publically announced target is 40-60m lb (up from an original 20-50m lb target)

i'd expect them to hit 50m lb and even at 10% of the current uranium spot price that should be worth $225m ($112.5m to GCM) IMO
Posted at 19/7/2010 22:51 by denarii
so anyone want to hazard a guess at how much AEE can produce for their Mauritania JORC ?

21 lbs of resource and glowing desert rat called archie.

you know talking to yourself is a sign of madness.
Posted at 19/7/2010 22:41 by robson1974
so anyone want to hazard a guess at how much AEE can produce for their Mauritania JORC ?

Exploration by Aura and other companies in the region has yielded very positive results, and the Reguibat Craton in Northern Mauritania is now anticipated to be a major emerging uranium province. Exploration results have confirmed that an exploration target of 40 to 60 million pounds of U3O8, at an average grade of 300-450 ppm remains a realistic expectation within Aura's permits. A 392-hole drill programme completed by Aura in January 2010 confirmed the existence of very widespread calcrete uranium mineralisation, generally two to four metres in thickness and close to surface at a depth of 0 to 6 metres.

In late 2008, 85 shallow pits, generally spaced at 500 metre intervals, were excavated and sampled. Of these, 20 pits contained economically significant uranium mineralisation with an average grade of 530 ppm (1.2 pounds/tonne) U3O8.

These positive results were followed up in late 2009 and early 2010 with a programme of RC drilling testing an area of 16 km2 on three permits. This drilling programme demonstrated the existence of strong uranium mineralistion over large areas at very shallow depths. Approximately half the holes drilled over the 16 km2 were well mineralized, with an average grade of 264 ppm U3O8 (using 100 ppm lower cut-off) or 428 ppm U3O8 (using a 200 ppm lower cut-off).
Posted at 09/7/2010 14:12 by robson1974
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Abdn.Emrg.Econ. share price data is direct from the London Stock Exchange

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