Share Name Share Symbol Market Type Share ISIN Share Description
Uru Metals LSE:URU London Ordinary Share VGG930041022 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +3.85% 0.675p 0.65p 0.70p 0.725p 0.625p 0.65p 18,152,075.00 16:27:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 0.0 0.0 0.0 - 2.22

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Date Time Title Posts
05/12/201614:48URU Metals - Uranium & Nickel exploration in Africa1,169.00
20/2/201611:32Has this company-
19/10/201517:14URU Metals - Is the tide turning?16.00
20/7/201505:28URU Metals - Is the tide turning?58.00
02/6/201411:00NIGER URANIUM......"SON OF URAMIN"3,948.00

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DateSubject
10/12/2016
08:20
Niger Uranium Daily Update: Uru Metals is listed in the Industrial Metals sector of the London Stock Exchange with ticker URU. The last closing price for Niger Uranium was 0.65p.
Uru Metals has a 4 week average price of 0.59p and a 12 week average price of 0.56p.
The 1 year high share price is 0.93p while the 1 year low share price is currently 0.28p.
There are currently 328,960,379 shares in issue and the average daily traded volume is 32,593,981 shares. The market capitalisation of Uru Metals is £2,220,482.56.
13/10/2013
22:59
treacle32: - Significant Oil Play now added to large Uranium assets (game changer) Narke Asset - 2nd October 2013 RNS. WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after 2nd October 2013 news) imo further coverage should follow. - URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects. - There is significant latent value in URU which has yet to be fully factored into the share price. - We initiate with a Speculative Buy recommendation and a 4.5p price target. http://www.urumetals.com/ http://www.urumetals.com/investor-relations/market-news-and-research/wh-ireland-initiates-research-on-uru-metals-23-june-2013 132,776,722 Ordinary Shares Shareholder % of shares held NWT Uranium (Niketo) 37.49% Global Hydrocarbons 12.80% Hargreave Hale 8.34% Pension Financial Services 5.60%
13/10/2013
21:47
treacle32: - Significant Oil Play now added to large Uranium assets (game changer) Narke Asset - 2nd October 2013 RNS. WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after 2nd October 2013 news) imo further coverage should follow. - URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects. - We initiate with a Speculative Buy recommendation and a 4.5p price target. http://www.urumetals.com/ 132,776,722 Ordinary Shares Shareholder % of shares held NWT Uranium (Niketo) 37.49% Global Hydrocarbons 12.80% Hargreave Hale 8.34% Pension Financial Services 5.60%
12/10/2013
18:54
treacle32: WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value.
07/10/2013
12:07
treacle32: Too much underlying value - no wonder still happy to pay premiums to sellers & take them all in for 3rd day in a row at 2p. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - We see Niger as a non core area for URU. Security situation not ideal and URU may well choose to JV its properties – after developing some very good drill targets. We believe URU may well have a choice of partners. - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after yesterday's news) imo further coverage should follow. - URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects. - We initiate with a Speculative Buy recommendation and a 4.5p price target.
04/10/2013
08:15
treacle32: Just for everyone's benefit again coz may have got hidden. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - We see Niger as a non core area for URU. Security situation not ideal and URU may well choose to JV its properties – after developing some very good drill targets. We believe URU may well have a choice of partners. - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after Wednesday's news) imo further coverage should follow. - URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects. - We initiate with a Speculative Buy recommendation and a 4.5p price target.
03/10/2013
19:12
treacle32: Never listen to bulletin board posters and do my own research. All these are facts from the house broker so who better informed than some tosspot bulletin board poster with their own agenda. These notes are without yesterday's fantastic news on the Oil side of things and hence imo URU is worth hell of a alot more than 4.50p now and even at 4.50p Zebediela wasn't factored in. IMO URU is worth at least 10p now and a 13m mkt cap. See how much Zebediala could be worth 32.50p a share on its own. No wonder MMs imo mopped up all the retail sells today & gave them all big premiums whereas we saw 2 larger buys which aren't common especially the £10,600 buy. Speculative Buy Price 2.1p Target Price 4.5p We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - We see Niger as a non core area for URU. Security situation not ideal and URU may well choose to JV its properties – after developing some very good drill targets. We believe URU may well have a choice of partners. - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after yesterday's news) imo further coverage should follow. - We initiate with a Speculative Buy recommendation and a 4.5p price target.
02/10/2013
17:31
treacle32: Bashers always try to hide posts on any positives and on good companies. WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value.
02/10/2013
16:04
treacle32: WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value.
29/8/2013
17:08
cyprussteve: Hi guys, Apologies if this has been posted before, but, if it has, it may be of interest to those looking at the board for the first time. Below is copy of the brokers note from W H Ireland, dated 24 June 2013, giving an initial target price of 4.5p, which personally I feel is on the low side, but, equally I accept is to be better to be cautious rather than make wildly optimistic forecasts. hxxp://www.urumetals.com/investor-relations/market-news-and-research Please substitute "tt" for "xx" for the link on advfn, and download the WH Ireland report. "Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldworkin 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value." Also Minesite article below : http://minesite.com/news/uru-goes-hunting-in-swedens-alum-shales-for-oil-uranium-and-a-whole-host-of-other-metals
18/11/2009
12:05
papillon: At the current URU share price it looks like the rest of URU is currently only valued at marginally less than 1.5p. Since the 2.68m KAH shares that URU will retain are worth around 4.3p per URU share that gives scope for further appreciation in the current URU share price especially if KAH continues to rise as well. Obviously UrAmerica and Niger are being given no value whatsoever.
Niger Uranium share price data is direct from the London Stock Exchange
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