Uranium Share Discussion Threads

[sideshowbull] 16/4/2014 08:25

Limits seem to move even on small amounts again.

Limits:
Offer 100k @ 0.93p or 250k @0.99p
Bid 500k @ 0.82p
they will take 1m @ 0.76p

[sideshowbull] 15/4/2014 15:02

Uranium seems to be coming back into favour, I expect the spot to rise well in the next coming months.

Limits:

Offer 100k @ 0.90p or 250k @0.95p
Bid is 0.82p 500k

[lr2] 15/4/2014 14:56

URU doing very well today too. Is it all uranium stocks?

[sideshowbull] 15/4/2014 14:37

Long way to go, limits are all over the place lately, mm are confused we should hear something about the May drill program soon..

[lr2] 15/4/2014 14:32

Nice bounce... well done SSB.

[sideshowbull] 15/4/2014 14:31

There you go..

[sideshowbull] 15/4/2014 11:47

Limits cut and very well bid 500k @0.78p Bounce?

[sideshowbull] 13/4/2014 16:20

Will support hold and confirm again..

[sideshowbull] 09/4/2014 11:02

We will carry on, but there will be dilution to fund the resource upgrade.

"The forthcoming programme currently envisages focusing on step-out drilling at the Mtonya deposit to maximise the expansion of the resource.

Estes continues to show its support in providing this flexible funding option to the Company. As stated above the Group plans to continue its work programme in May 2014, however the undrawn funds available from the loan facility, in conjunction with the Group's current cash resources, do not provide the Group with sufficient available resources to meet all of its commitments for the next twelve months; the Group will therefore need to raise additional funds.
The Directors remain confident that Mtonya's potential, together with the Group's historic track record of raising additional funds and the interest being shown from potential partners, will enable the Group to fully finance its obligations beyond a period of at least twelve months from the date of this report, including meeting future capital and working capital requirements and also settling the Estes loan facility, which is due for repayment within the next 12 months, accordingly these condensed half-year accounts are prepared on a going concern basis.

[9 darter] 08/4/2014 21:56

I'm afraid this is a dead duck.

The BoD's have let Shareholders down, to much troughing.

I called it a long time ago.

[sideshowbull] 07/4/2014 15:11

1.5m buy snuck through there. Well bid.

[chrismez] 03/4/2014 13:07

SSB - are you completely mad or do you just not understand companies and how they work.

Look at the recent accounts and work out how much URA are carrying their assets in their accounts (vastly overpriced in my view but there it is)and secondly look at the market cap - now, if Estes in effect own 80% of the company at present mcap - that leaves URA with 20%

Based on both those figures where on earth do you think they're gonna get a loan for $75m.

Secondly - there isn't going to be a suitor if URA only own 20% - any suitor will want to do business and have to do business with Estes.

URA through their own incompetence have given away this company to Estes.

Its therefore down to Estes as to how much further they want to take the Mtonya corridor. URA is now a minority investor in Estes like all of the PI's here.

[borisjohnsonshair] 03/4/2014 12:25

Give up on this dud SSB. Move on. You are OK,

[sideshowbull] 03/4/2014 08:47

Looking back through my notes from AGM I see that Alex estimated the drilling costs for proving 100mlbs U308 would be between $50- $75m.

If we are to get a suitor then hopefully we can raise these sorts of amounts to progress to that 100mlbs resource without dying of old age.

The only way that I see this happening is a Farm out where we get a free carry and lose a percentage ( something like UEP where CNOOC are funding everything for a 70% stake).

As most of you I think going down the Estes funding route again would not be ideal but by the sounds of it if a deal is not done with a third party by May then Estes will step in.
This will either mean a large placing or a large loan.

About a month or less and we shall know.

Well at least we know we will manage to hold on to this huge deposit but it may come with a good bit of dilution. I suppose it's better to have a small slice of the cake than to have nothing at all! ey

Hopefully this new guy is a good deal broker(seems to be his role)? Let's see if he can sell the idea to an investor that by spending $50m they will get $1b in return.

DYOR

[sideshowbull] 03/4/2014 08:30

Very well bid 500k @0.805p Offer 0.83p

[sideshowbull] 02/4/2014 08:14

There are currently no open pit uranium mines operating in USA only ISR.

[sideshowbull] 01/4/2014 20:18

CHRISMEZ - Are you serious?

"Too much emphasis in all recent reports on the viability of in-situ recovery - garbage".


I enjoy an opinion and you do have some that make sense(sometimes) but ...

[chrismez] 01/4/2014 19:37

Exactly Sanilav - that 300k will only fund the salaries of the Board for this year - read the condensed accounts

This is looking more and more like a fraud.

Too much emphasis in all recent reports on the viability of in-situ recovery - garbage.

There can't be any recovery unless and until you have proved up your resource and have taken steps to build a mine. All of which costs a lot of money - so lets have no more guff about in-situ recovery - its a mere sham.

Also the Board continues to dangle the carrot - something they've done many times in the past 8 years. Interest from potential suitors amounts to nothing, as we've seen, unless and until someone comes forward with an offer.

And there aint going to be any offer whilst Estes holds 57% plus an enlarged holding based on the fact that URA owes them 1.3m - pretty soon, one way or another Estes will own all the ISC !!!

Unbelievably, I agree with Boris - this bunch of crooks have appointed yet another Russian to the Board - wake up and smell the coffee guys - this is only going one way.

[sanilav] 01/4/2014 14:46

Uranium Resources plc, the AIM-listed uranium exploration and development company in Tanzania, is pleased to announce the appointment of Sergey Alekhin, Ph.D., as a Non-Executive Director to the Company's Board.

Does this guy recieve a salary then and if so seeing as they are coming cap in hand again,what does someone with an expertise on valves for the oil and gas industry have to do with this outfit unless the clue is in the submersible pump part.Or maybe Iam missing something apart from a profit here.

[borisjohnsonshair] 01/4/2014 10:27

No one will fund these crooks. They haven't lifted a finger for a year and have spent US$1,500,000. Hilarious. Jail is the appropriate next step. Gone this year.

[sideshowbull] 31/3/2014 13:32

Okay so we will continue, just a matter at what price the funding will come in at.
Dilution is coming let's just hope it's not toe curling.

[sideshowbull] 31/3/2014 11:42

"Estes continues to show its support in providing this flexible funding option to the Company. As stated above the Group plans to continue its work programme in May 2014, however the undrawn funds available from the loan facility, in conjunction with the Group's current cash resources, do not provide the Group with sufficient available resources to meet all of its commitments for the next twelve months; the Group will therefore need to raise additional funds.

The Directors remain confident that Mtonya's potential, together with the Group's historic track record of raising additional funds and the interest being shown from potential partners, will enable the Group to fully finance its obligations beyond a period of at least twelve months from the date of this report, including meeting future capital and working capital requirements and also settling the Estes loan facility, which is due for repayment within the next 12 months, accordingly these condensed half-year accounts are prepared on a going concern basis".