ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

UGY Uruguay Mineral (SEE LSE:OMI)

33.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Uruguay Mineral (SEE LSE:OMI) LSE:UGY London Ordinary Share CA9169091043 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Uruguay Mineral (SEE LSE:OMI) Share Discussion Threads

Showing 3401 to 3422 of 3475 messages
Chat Pages: 139  138  137  136  135  134  133  132  131  130  129  128  Older
DateSubjectAuthorDiscuss
06/1/2010
14:16
Andina Minerals



current $200m market cap with about 10m oz of MII resource

so being valued at about $20/MII oz

so IF UGY/UME can prove up a 'JORC' resource of say 3m it could be valued at $60m or about $1.00/share or $2.00/share if it can prove up 6m oz

add in the current producing assets you'd be looking $2-3 dollars (120-180p)

robson1974
06/1/2010
14:06
Good work.
robson1974
06/1/2010
13:52
Pantanillo. In order to arrive at the volume and grade of the resource, a pit was designed, using data from 40 drill holes up to and including the 2007 season (plan view shown in Fig. 8). The scope of the exercise was to assess the potential size of the Pantanillo North deposit using a gold price of US$600/oz. The imaginary pit is elongated NW-SE over 1000m by 700m wide, reaching 300m depth.

In calculating the resource in terms of cut-off grades, a second scoping study (Informe Temporada 2006-2007, eliminating the top-cut of 1.5 g/t Au) gave the following:

Cut-off: 0.3g/t of 418 MT at a grade of 0.496 g/t Au, to give 6.67 Moz
Cut-off: 0.5g/t of 125 MT at a grade of 0.733 g/t Au, to give 2.95 Moz.
Cut-off: 0.6g/t of 82 MT at a grade of 0.833 g/t Au to give 2.18 Moz.

These calculations were with gold at $600. With gold presently nearly double that a lower cut off than 0.5 gm/ton may be practicable, in which case there could be up to 6.6 million oz of gold that can be economically mined. None of this is in the public domain.

stevea171
05/1/2010
16:49
With the price of gold going up you aint going to get these any cheaper.
nelson01
05/1/2010
15:50
Saad were supposedly sellers who were depressing the price owing to their little local difficulty in Saudi.
robson1974
05/1/2010
15:32
cheers Wallywoo That shareholder base looks OK, though I know what you mean about dir buying.I'm looking to buy some UGY, guess I'm holding out for a little more of a fall but whether we see that is another matter.
nick rubens
05/1/2010
15:15
This answers your question Nick:



Major Shareholders
Amount % Holding

AXA and affiliates
5,471,587
11.24%

SAAD Investment
4,904,000
10.08%

HSBC Global Custody Nominee (UK) Limited
4,434,075
9.11%

Henderson European Absolute
1,990,000
4.09%

Goldman Sachs International Limited
1,990,000
4.09%

Share ownership is not ideal for my investment criteria (I prefer the Mgt to have a much larger stake and to buy their own shares) - however, in this instance I have ignored it as UGY has too much potential value at this price.

wallywoo
05/1/2010
10:55
Anyone know who the major shareholders are? I wouldn't buy shares in a company where one individual or company owns over 50%.
nick rubens
05/1/2010
09:40
impossible to buy any but you can sell 50k at 30.5
currypata kai
04/1/2010
16:53
steve

I agree with you completely, i found these quite by chance while looking for another stock did my research ad decided to buy 56k odd not as much as some on here i know, but am expecting a decent return though. I mainly invest in oilers but if these people can get their act together this year they and we should be quids in.

simon_64
04/1/2010
16:41
They are not getting the message out. They need to do some presentations here once the FV merger is approved by the TSX in a day or two.

Second quarter results due mid January would add latest details into presentations. Arenal Deeps needs to be emphasized imo for the production boost it is likely to bring from early next year.

stevea171
04/1/2010
16:14
the value on offer here is unbelievable

at the current run rate with spot gold they have a market cap of $25m and should at year end in may 2010 have cash of $22m !

+ a potential 3m oz of resource !

on a potential EV/MII resource of $1/oz of resource when most development stage co's would be valued at $25-50/oz ?

robson1974
02/1/2010
08:16
Good coverage here:



"Thursday, December 31, 2009

BC Supreme Court gives nod to Uruguay Mineral Exploration and Fortune Valley merger

Uruguay Mineral Exploration (TSX-V: UME, LSE: UGY) and Fortune Valley Resources (TSX-V: FVX) announced that the BC Supreme Court has approved the proposed plan of arrangement previously announced by the companies and approved by the Fortune Valley shareholders.

The completion of the plan of arrangements is expected in the middle of next week, being subject to the acceptance of the TSX Venture Exchange.

The two companies signed the agreement in early November, agreeing to combine their businesses o create significant Latin American focused gold producer was announced on October 13.

A newly combined group will have the financial and technical resources to develop its business and capitalise on growth opportunities in Latin America. Additionally the group will have no debt and no hedging, with approximately C$8m of cash.

The merger will set up a Latin American operating gold producer, with a profile of at least 190,000 ounces over the four years to May 31, 2013. The open pit operations at the San Gregorio mine in Uruguay has the potential to significantly improve this production profile and reduce cash costs with the development of the Arenal Deeps underground deposit.

In Chile a planned exploration and development program will target the definition of an NI 43-101 compliant mineral resource. The program is expected to commence within 3 months of completing the transaction. The objective is to create a second production asset for the group within 3 to 4 years.

In addition to the new company's enhanced production capacity there is further growth potential from the combined exploration portfolio in Chile and Uruguay including the Anillo project in Northern Chile which neighbours the El Peñón mine operated by Yamana Gold Inc (LSE: YAU, NYSE: AUY).

Under the terms of a letter of intent signed by the two companies, it is proposed that Fortune Valley shareholders will receive approximately 0.456 UME common shares for each common share of Fortune Valley held. The offer represents a purchase price of approximately C$0.23 per Fortune Valley share valuing Fortune Valley at approximately C$8.2m."

rivaldo
31/12/2009
18:52
My guess is for a 3 figure share price by mid March.

imo.

sir beeksalot
31/12/2009
18:37
now 21c/23.5c

these approvals were a formality and the stock is up as much as 30% in a few days

still huge upside potential once people realise that at year end in May 2010 the company is likely to have over $20m of cash and be close to significantly upgrading and increasing its resource towards 3m oz

all for a market cap of $25m !

robson1974
31/12/2009
18:13
current bid/ask on FVX is 20c/23c so looks like market is waking up to that discount
robson1974
31/12/2009
11:50
RNS out re BC Court approval - should get another RNS next week re completion of the Plan of Arrangement.

Interesting stuff adam, much appreciated. I may have to ISA some more!

Happy New Year to all here - should be a good 2010.

rivaldo
31/12/2009
11:31
more importantly is whether UGY itself is cheap. I don't think that the market has recognised the fact that Arenal Deep is a discovery with an operating plant already in place. My understanding is that they will be doing some Canadian promotion next year and at last it looks like they will have something to crow about.
adam
31/12/2009
10:42
FVX still trades at a discount to where it should, I calculate the see-through value as being 22.3c with UME trading at 0.49/0.51 which itself seems to be a small discount to the London price of UGY of 30-32.5p
robson1974
31/12/2009
10:34
Agreed Steve, sounds like good tactics to me.

Should be a good start to 2010 then.

rivaldo
31/12/2009
09:34
Looks like the FV RNS will be Monday/Tuesday now as UGY has probably been advised that as the city is still on holidays this week the merger approval news will have more impact when institutions are back at their desks next week!
stevea171
31/12/2009
08:40
I picked up a few yesterday sithuk, welcome aboard.
simon_64
Chat Pages: 139  138  137  136  135  134  133  132  131  130  129  128  Older

Your Recent History

Delayed Upgrade Clock