Aura Energy Share Discussion Threads

[the count of monte_cristo] 24/5/2022 08:34

Yes and they can't be bothered to waste their time replying to PI's.

[danmart2] 12/5/2022 16:56

Indeed, new board of directors have been poor so far.

[masergt] 12/5/2022 15:34

dan. 430. Agreed, and timing is key. Closed 10.4p in Aus this morning, currently 10.25p here. Update from Peter Reeve on Tasiast gold or from Will Goodall on EPC contract might spark brief interest but the recent financing presentation showed timescales slipping from previous ones and didn't do us any favours. It shows Tiris AISC is around three times that of our three Canadian "peers" who are ten times our size and in a much more friendly mining jurisdiction. Our resource grades are not that great either. "Four trucks and an excavator" does not come across as a serious commitment to getting things moving so I can't see any of our assets in production for at least three years. WG is a metallurgist with no CEO experience. Interim since 13th January while they appoint a proper one but still there four months on. What is this new BoD playing at? hxxps://newsnreleases.com/2022/01/13/dr-will-goodall-appointed-as-acting-ceo-of-aura-energy/ Loss of shareholder value is my main concern. On 1st April, of all days!, they confirmed authority to issue another 60m shares including 20m 'freebies' placed in escrow for various directors and consultants: hxxps://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02455354-3A581698?access_token=83ff96335c2d45a094df02a206a39ff4 "Freebie" shares? Yes, imo. See 5.3 Shareholder Loans p14. Company will lend interest free money "on limited recourse terms" to directors so they can buy 20% discounted shares from escrow with "accelerated vesting" should they leave the company. Worth reading in full. There are still ~126m options to convert taking us to 606m shares in issue. The recent placing diluted us a further 8%. We'll have gone from ~400m to 606m, >50% dilution, since 21st December AGM by the time they clear. Is that worth the funds gained? This was a poorly run company before and despite my hopes doesn't seem to be much better now.

[danmart2] 10/5/2022 07:33

The share price will likely drift while the resource upgrade works take place, you will not want to be out by the autumn when they announce the additional resource and production commencement

[danmart2] 19/4/2022 08:04

Strong RNS Mauritania resource upgrade set to commence in May with a major drilling programme signed off

[danmart2] 09/4/2022 13:28

Anyone got the link the Australia forum where the guy linked to aura reckons Titus plot holds treble the current estimates?

[drago] 08/4/2022 12:46

isin,t it exciting ch4. the empty bb is great to see too.

[ch4p_85] 08/4/2022 11:34

Slowly ticking up.

[danmart2] 02/4/2022 06:35

The count of Monte cristo I agree, its unacceptable for management not to have the courtesy to reply.

[the count of monte_cristo] 02/4/2022 03:52

danmart2 - I emailed the company, twice, asking a few questions. They never bothered to reply. Seems like the management here look down on us lowly PI's, but they should remember we make up the day to day trading and gyrations in the share price and without us it is hard to get their placings away because we make up the daily trading which moves the share price higher. It puts me off when management don't wish to communicate with shareholders. Other companies can do it and they are also busy.

[papillon] 02/4/2022 00:25

You pick some excellent shares to invest in TCofMC! I remember when the uranium price peaked at US$140 per lb back in 2007. I had shares in Uramin (UMN) at the time. They had a massive low grade uranium deposit in Namibia. UMN was bought back in 2007 by the French state uranium company for US$2.6bn. My best ever investment. Pity it was all a fraud! The uranium deposit turned out to be uneconomic even at US$140 per lb and the takeover was just a ruse devised by the French to pay an illegal commission to a South African wheeler dealer, who had a substantial shareholding in UMN, for his services in arranging a deal in the Central African Republic. Needless to say UMN's Namibia deposit proved to be worthless. The legal ramifications of the UMN deal are still ongoing after all these years. The AURA chart is very bullish. I like the look of the company and will have a punt. Nuclear fission as a source of "green" baseload electricity generation is back in fashion again after the collapse in confidence following the Japanese disaster of 2011.

[danmart2] 31/3/2022 10:17

Any news on when they will commence the further drilling in Mauritania?

[drago] 25/3/2022 09:03

up a penny ! they should omit a few more paragraphs from their reports...

[danmart2] 24/3/2022 14:23

Why are some investors predicting an upwards re-rate at the end of this month?

[sos100] 15/3/2022 08:40

bizzare timing given where the uranuim spot price is heading short term...

[the count of monte_cristo] 14/3/2022 09:16

Short term head winds for the sp, but medium to longer term this is positive news.

[danmart2] 14/3/2022 07:46

Aura funding confirmed; Tiris production construction decision by end of 2022 after upgraded resource works completed

[the count of monte_cristo] 14/3/2022 02:56

hTTps://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02498679-3A589707?access_token=83ff96335c2d45a094df02a206a39ff4

[the count of monte_cristo] 13/3/2022 02:52

Let's see what tomorrow brings:)

[danmart2] 11/3/2022 15:52

Funding raise is meant to be for accelerated operational works including proving additional resource in the area with a substantial number of drills across AURAs licensed plots. Expect a substantially upgraded resource report

[the count of monte_cristo] 11/3/2022 13:21

Surprising share price action this week considering how strongly the uranium price has moved and how the West are now going to be searching for uranium supply away from Russia. But I find that usually it takes a while for these things to play out and sink in and the market to factor in and understand the situation. I was thinking to trade this on the small upticks, as I have done previously, but now want to sit tight and see how this plays out over the coming months. It's a very cheap company when compared against its peers.

[drago] 11/3/2022 09:32

count, those big charts of yours are great, no need to peer at the screen. ill bet the fund raise is to get tiris going. they must be champing at the bit to supply the growing market ahead.

[the count of monte_cristo] 11/3/2022 05:20

The project fundamentals get better and better, increasingly favourable uranium sentiment, EU saying nuclear is part of their green energy mix and plan, Germany revaluating their terrible strategy of relying on Russia for their energy and closing all of their nuclear fleet. The Tiris project is one of the top near term uranium mines out there, comparable companies are capped in the 100s of millions. NOTE the share price spiked to 21p on the 14th Sept 21 when the Uranium price it 50 USD. Today it hit 60 USD and the share price is 15.5p. Yet the project and the two other projects are so much more advanced and the environment and sentiment is now much more positive for uranium! hTTps://tradingeconomics.com/commodity/uranium

[the count of monte_cristo] 10/3/2022 01:52

Thanks danmart, if you find the video or Sharetalk webcast please do share it. I will also keep an eye out.

[danmart2] 09/3/2022 16:35

CEO has a Q&A scheduled for tomorrow, I would expect an RNS before the Q&A to explain what’s happening