Uru Metals Share Discussion Threads

[hope67] 10/11/2016 08:24

Nickel up again this market cap is cheap.

[tidy 2] 02/11/2016 09:38

The market is calling this a dog. Woof

[888icb] 01/11/2016 07:50

A positive RNS this morning about the resources.

[888icb] 28/10/2016 16:43

Ended the day and the week on a high UP 20%

[oilbuy] 28/10/2016 16:40

Excellent finish

[888icb] 28/10/2016 16:29

0.92 to Buy 24 million volume

[oilbuy] 28/10/2016 16:24

Clearly undervalued at 2.5M capDay's high broken, very bullish looking chart

[888icb] 28/10/2016 16:12

Now 0.9 to Buy and volume 23.6 million. Looks like it is having a push higher as we approach the close.

[hope67] 28/10/2016 13:26

Third attempt to break 0.90 coming up
Old but worth a read



Really don't think the market are getting how big this resource is.

[888icb] 28/10/2016 12:01

High Volume today 17 million already which exceeds yesterdays high volume of 11 million. The highest volume this month was 24 million on 7th October which sparked the current rise. Will we see this volume continue and a push towards 1p as the day progresses?

[888icb] 28/10/2016 08:26

A good start up 16% and number 2 on the Riser Board

[888icb] 27/10/2016 16:37

Volume 10 million UP 11%. The rise continues touching 0.8 this pm before closing at 0.75. Perhaps a push through 0.8 tomorrow?
Market Cap only £2.47 million.

[hope67] 27/10/2016 13:08

Looks like the start of the climb back up. update due any day.

[888icb] 24/10/2016 08:24

4th on the leader board up 17% but Advfn are showing it under its old name Niger Uranium!

[888icb] 24/10/2016 08:18

The move north continues

[oilbuy] 23/10/2016 11:28

Thanks Hope

[hope67] 22/10/2016 14:45

IIn November 2013, the Company acquired 100% interest in Southern Africa Nickel Limited ("SAN Ltd."). SAN Ltd in turn had a 74% interest in a joint operation (the “SAN-Umnex Joint Venture”). The remaining 26% was held by Umnex Mineral Holdings Pty (“UMH”), which had title to the Zebediela licences through its subsidiary, UML. SAN Ltd and UMH had been in dispute since 2011, and arbitration had begun in August 2013. As a result of this arbitration, in fiscal 2013 the Company had provided in full for the costs of the Zebediela project (USD 1,821,000). The reversal of the impairment will be assessed once the title to the licences has been completely transferred to the Company. On April 10, 2014, SAN Ltd. and UMH agreed that SAN Ltd. would purchase 100% of UML from UMH for consideration of 33,194,181 in new URU Metals shares and 8,000,000 bonus shares issued to directors and officers for their services in the acquisition of UML. The Zebediela Project extends over three separate mining titles in Limpopo Province. As at the date of acquisition, title to all three rights were held by parties unrelated to UML, and transfer of the rights to UML's subsidiary Lesogo Platinum Uitloop Pty ("LPU") had not been completed. The timing of the transfer is uncertain and regulatory approval of the transfer remains outstanding. Under the terms of the acquisition agreement, UMH is permitted to return the shares and take back the licences should URU Metals: • fail to maintain adequate cash funds to meet its general and project expenditure obligations, or • fail to meet the purchased rights' minimum statutory expenditure obligations, or • raise equity capital at a valuation of below 1.5 pence per share in the financing immediately after the acquisition As at March 31, 2016, the "general and project expenditure obligations" and the "minimum statutory expenditure obligations" of the general and project expenditure obligations had not been determined. The financing the Company completed during the year ended March 31, 2016 (note 10) does not impact URU's ownership of the project. The acquisition does not meet the definition of a "business" as set out in IFRS 3, and the Company has treated the transaction as a purchase of assets. As it was not a business combination, transaction costs have been capitalized, and as the transaction affected neither accounting nor taxable profit, deferred taxes do not arise.

[hope67] 22/10/2016 14:34

A Nickel mine that is 12th biggest in the world with the possiblility to become 10th in the world that is what is going on. Comprehensive update on all activities coming in less that 8 days time. Fund raise has to be at a minimum of 1.5 Niketo who owned Viet have invested here, connection between Mcc and Uru a possibility. Take a look at Mcc as well.

[ukgeorge] 18/10/2016 10:29

whats going on

[888icb] 18/10/2016 10:19

The rise continues 0.3 at the start of October and now 0.7.

[gardenarc] 07/10/2016 14:59

Am in this one also..

[kendonagasaki] 07/10/2016 14:47

Fisted sideways here as I've said before!They are about to delist and go private imo