Uru Metals Share Discussion Threads

[888icb] 13/2/2017 19:10

This is the URU board and it has had a great day. Top of the leader board UP 54% and volume of 109 million which is about 15% of the company's shares. A lot of substantial trades and a placing at a premium. The Directors and a major existing shareholder have participated in the placing which suggests they are very confident about the future.
Exciting times for this share and the market cap is only £27 million.

[miahkaysor] 13/2/2017 18:57

PREM is the next 10 bagger!!

[bayliea] 13/2/2017 18:35

This could open way up tomorrow, feeing like I've missed the boat on this one.....been watching it from 0.65 now it's showing as almost a 5 bagger. Hindsight is a wonderful thing.

[hope67] 13/2/2017 16:31

Reasons for the Placing

Following the appointment of Henry Kloepper as an advisor to the Board of URU the Company has been assessing various opportunities in the Lithium sector in order to expand its portfolio of projects. The net proceeds of the Placing will be used by the Company to investigate these new acquisition targets and also means URU is in a strong position to act on any attractive proposals the Board receives.

Details of the Placing

Niketo Co.Ltd ("Niketo"), which owns a shareholding of 16.1 per cent. of the Company's issued share capital, has agreed to subscribe for 2,000,000 Placing Shares.

The participation of Niketo in the Placing is a related party transaction under the AIM Rules for Companies. Jay Vieira and David Subotic, the independent directors, having consulted with the Company's Nominated Adviser, Northland Capital Partners Limited, consider that the terms of Niketo's participation in the Placing are fair and reasonable so far as the shareholders of the Company are concerned.

Proposed Subscription by Directors

In addition to the Placing, the Board has been advised that John Zorbas and Jay Vieira, directors of the Company each intend to subscribe for 1,111,111 and 444,444 new Ordinary Shares respectively on the same terms as the Placing, following the announcement of the Placing.

Commenting on the placing, John Zorbas, CEO of URU Metals commented:

"This placing, at a significant premium to the placing price in January 2017, represents further investor interest in the Company's existing projects and our plans to expand the portfolio. The new funds raised will allow the Company to investigate and pursue other opportunities particularly in the lithium sector where we are reviewing a number of projects. We look forward to updating shareholders in due course with news from our South African nickel projects."

A further announcement will be made in due course.

[hope67] 13/2/2017 16:28

backtogo Prem no thanks

[parisv] 13/2/2017 16:22

hxxps://goo.gl/YY6D6d

[parisv] 13/2/2017 16:19

proactive article [...]

[backtogo] 13/2/2017 16:12

sink some profit in PREM.. the chart is like a delayed version of URU.. rise, small consolidation , now popping higher..

[colin12345678] 13/2/2017 15:06

Bayliea its in the RNS from today

In addition to the Placing, the Board has been advised that John Zorbas and Jay Vieira, directors of the Company each intend to subscribe for 1,111,111 and 444,444 new Ordinary Shares respectively on the same terms as the Placing, following the announcement of the Placing.

[tidy 2] 13/2/2017 15:05

In addition to the Placing, the Board has been advised that John Zorbas and Jay Vieira, directors of the Company each intend to subscribe for 1,111,111 and 444,444 new Ordinary Shares respectively on the same terms as the Placing, following the announcement of the Placing

[bayliea] 13/2/2017 15:00

Tidy where did you see that the directors bought in?

[888icb] 13/2/2017 14:36

Today I have finally gone back into profit after many years and have bought a few more at less than the placing price to celebrate.

[marmar80] 13/2/2017 14:29

What a premium! Well done URU bod and holders. Regards from AMC board, lads :)

[rafieh] 13/2/2017 14:27

Institutions who have bought at 80% premium are not exactly school kids. They would have done their maths. Think about what price they intend to sell at...

[euclid5] 13/2/2017 14:26

They can oly do that when they have a clear idea on what asset they are buying because the investees will not buy any placing shares at any premium unless they knew what they are investing the placing funds for

So it URU's case they must have a clear idea which is why they did it a a nice premium

[tidy 2] 13/2/2017 14:25

Directors buying at 4.5p also. Interesting

[apfindley] 13/2/2017 14:21

Placing at premium represents ONLY 2% of issued share capital... Lol

[apfindley] 13/2/2017 14:18

Wow pumperama. So a premium placing but for an absolutely TINY ammount of fundingGot director level PUMPING all over it to artificially pump the price. Shameful really.

[praipus] 13/2/2017 14:07

A lesson to all companies in how to do a placing and create:

a) shareholder value
b) shareholder loyalty
c) management focus on planning for success rather than avoiding failure

Lesson 1. set the placing price at an 80% premium:)

Fantastic idea URU well done!

It is needed at MYN too when the time comes.

[rafieh] 13/2/2017 13:59

Next stop is 5p, until we receive an update from the company.

[stallone10] 13/2/2017 13:49

placing was done at 4.5p a premium why would they buy it unless they knew something?

[tidy 2] 13/2/2017 13:44

URU Metals Shares Soar After Placing Is Priced At 80% Premium (ALLISS)Source: Alliance NewsURU Metals Ltd on Monday said it has raised GBP535,000 through the placing of 11.9 million new shares priced at 4.50 pence each after gaining...