Aura Energy Share Discussion Threads

[city analyst1] 20/1/2021 21:43

Kingston78, on November 05, 2020 (only 10 weeks ago), Mark Delaurentis (of Bentleys Chartered Accountants), the external auditor for the company, presented to the BOD an audited report of the company’s financial health: • Cash and cash equivalents, including net cash from financing activities, stood at £387,211 (A$684,407) as of November 01, 2020. • Financial assets (Government of Mauritania bonds) were valued at £51,982 (A$91,866). This will be returned to the company on relinquishment of the tenements or transformation of the tenements into an exploitation licence. • The Tiris Uranium, Haagan Vanadium, and Tasiast South Gold assets were conservatively valued at £11.17m (A$19,737,751); reflecting their current 'care and maintenance' status. This means that, the valuation ascribed to the assets is not reflective of the prevailing market value and, subsequently, underpins Aura Energy’s gross undervaluation at the current share price of 0.35pence per share (£8.25m market cap). • The ability of the company to continue as a going concern is principally dependent upon the ability of the BOD to secure funds by raising capital from equity markets or by OTHER MEANS, and by managing cash flows in line with available funds, and/or the successful development of the company’s exploration assets. • The BOD proposes to undertake a share purchase plan and a rights issue with the shortfall being placed international. These initiatives are expected to raise £1.47m ($2,000,000) with the largest source of this new funding being the placement of the shortfall expected to be £1.1m ($1,500,000). So, in response to your question, the answer is no; the company does not have sufficient funds to operate for another 14 months. But herein lies the ‘golden’ opportunity for savvy investors… Under the October 2020 ruling by the ASX, Aura’s BOD will have to seek pre-approval from shareholders for ALL share placements until 30 June 2022. That said however, the ASX ruled that, pursuant to Listing Rule 7.1A, and following the excess share issue (exceeded by 781,791,184 shares), the company was not entitled to an additional 10% placement capacity until at least its annual general meeting after 30 June 2022. This is now referred to as the ‘placement holiday’. To that end, Aura’s BOD (Reeve, Beeson, Perkins, Craigie, Heber, and the unloved outsider Bennett) are faced with the following options to raise cash (in order of practicability): 1. Expedite the Initial Public Offering (IPO) on the TSX for Archean Gold Inc. This will provide immediate liquidity to Aura. And at the current gold price, the IPO is projected to value Aura’s 50% stake at circa £6.43m. And with every strengthening of the gold price, this valuation firms up. 2. Expedite the Swedish compensation claim (for £1.32bn) which is currently due for an update. A settlement at a fraction of the full claim will send Aura shares into orbit and make REM and EUA look like child’s play. Remember, Aura’s uranium asset (800 million pounds U3O8 – 307,718 tU) was classed as the world’s second largest undeveloped uranium resource! For the record, Aura filed the claim in November 2019. 3. With uranium prices on an upward trajectory, secure an asset-based loan with the construction-ready Tiris Uranium Project. Or better still, put Tiris Resources SA (the holding company for the uranium asset) up for sale. 4. Likewise, with vanadium prices on an upward trajectory, secure an asset-based loan with the Häggån Battery Metals project. Or better still, put Vanadis Battery Metals AB (the holding company for the vanadium assets) up for sale. 5. Get approval from the company’s 'prominent shareholders', who are determined to kick out monsieur Reeve and co. for their perennial underperformance and non-delivery, to undertake a £1.4m rights issue. And by way of information, the company’s 'prominent shareholders' are: • Mr DP O'Neil and Mr DE Roes who control ASEAN Deep Value Fund (a Cayman Island- registered company) and which, in turn, owns 11.73% of the company. • Mr JL Bennett (a director of the company) who controls Pre-Emptive Trading Pty Ltd and which, in turn, owns 3.00% of the company. • German activist investors Mr Florian Hoertlehner, Hendrik Delen, Florian Bauer who’s 14.10% holding is held in Retail Client DRP, JP Morgan Nominees, and Rotherwood Enterprises. • German activist Axel Sartingen, who’s 7.73% stake is held in the CCNL DI Account. Together, the activist investors, or should I say 'prominent shareholders', hold a 36.56% stake in the business! 6. Put the entire business up for sale. This is, essentially, what the activist investors are after. The company boasts extremely attractive assets (Vanadium, Gold, and Uranium) that are highly valuable in the current price environment. It is, in essence, striking while the iron is hot. And we know what happened to EUA’s share price when they brought forward the FOR SALE sign. Either way, I wouldn’t want to be out of this stock. The upcoming, ‘once in a blue moon’ value triggers are considerable. In the meantime, and ahead of the newsflow, the company’s staggering discount to its intrinsic value (1.44pence per share) says it all. Https://www.world-nuclear-news.org/ENF-Swedish_resource_worlds_second_largest-2308128.html AIMHO.

[kingston78] 20/1/2021 11:34

City Analyst1: Thanks for your valuable contribution to this board. Will the company have sufficient funds to survive if it does not raise money by placing more shares?

[city analyst1] 18/1/2021 10:45

Danmart, the Australian Stock Exchange (ASX) has imposed a two-year share placing ban on the company for excessive share issues. And even though monsieur Reeve would prefer the ban lifted, the ASX is unlikely to budge. To this end, AURA shareholders are currently in a ‘sweet spot’ as far as share placings go. And what does this actually mean? It means, the BOD will now have to focus on expediting asset-based lending, the Swedish compensation claim, the Archean Gold IPO and, thereafter, the potential sale of the business. To this end, AURA is probably the only stock on AIM to have this ‘share placing protection’ aspect in its investment case. However, here's the real kicker: • Aura’s compensation claim is for – wait for it – £1.32 billion ($1.8 billion). The company claims the measures adopted (to ban all uranium mining in the country) by the Swedish Parliament were, amongst other, discriminatory, arbitrary, violated the legitimate expectations of the investor, were contrary to public interest, and did not follow due process. Thus, they argue, the Swedish measure constitutes an indirect expropriation and also violates the FET clause (fair and equitable treatment) of the ECT. • At the completion of the Archean Gold IPO, Aura Energy will own 50% of Archean Gold. This values the gold tenements at £5.66m. And any rise in the Archean share price will be reflected in Aura's share price. • Terry Lynch, Archean’s proposed head honcho, is the CEO of TSX-listed Chilean Metals. Prior to this role, he was CEO of TSX-listed Firstgold Corp. So he knows a thing or two about gold exploration and production. • The AURA stock is on the verge of multi-bagging as it approaches the announcement of the Swedish compensation claim and the Archean Gold IPO – both of which are imminent. Remember, at 0.40pence per share, the stock is PROFOUNDLY UNDERVALUED. The stock’s intrinsic value, before any IPO or Swedish payout, currently sits at 1.44pence per share or £37.23m. And for those with client access, Mackie Research has just issued a preliminary line-up of new listings (2021) for the TSX. See below and brace yourself for a pleasant 2021. It’s been a long time coming. Https://www.mackieresearch.com/login Https://www.bilaterals.org/?sweden-sued-for-1-8-billion-due-to Https://www.ogel.org/legal-and-regulatory-detail.asp?key=23510 AIMHO.

[danmart2] 31/12/2020 13:32

The Mauritania fields are the key to the company’s fortunes, I have no doubt from other uranium, sources they have had interest from a variety of groups regarding their rights. Do we expect the share price to boom on a sale or partnership? Or the company to finally fold in 2021 with further share issues and diluting of voter rights from a leadership team with no ability to get prospective sites into production?

[city analyst1] 22/12/2020 22:09

For all its blue-sky potential, vanadium’s principal application is decidedly low-tech. More than 80 percent of the metal is used in steel manufacturing, where the addition of two pounds of vanadium will double the strength of a tonne of product. However, as the world’s economies start to pick-up, following the impacts from the pandemic, vanadium suppliers are eyeing new emerging sources of demand. Specifically, the metal is attracting new purchasers for its use in vanadium redox flow batteries (VRFBs). Battery demand is rising as the EU’s focus remains on “green-ifying” the bloc’s incumbent energy system and as its focus on battery, materials intensifies. Thus, as a result, vanadium prices are currently on an upward trajectory. And what about gold? Well, gold producers are facing an existential crisis without massive investments in exploration. It takes a good decade on average of further drilling and development to get a new gold mine up and running, and that average is only increasing. Knowing that, take a look at where we were 10 years ago and what comes next. We’re poised to enter a multiyear period where gold producers will continue to deplete resources at an alarming rate without mergers or acquisitions. This will create a squeeze on supply as demand is increasing while also increasing the premium the major gold producers will have to pay to acquire smaller companies. It's a one-two punch. We're already seeing a rise in M&A activity in the sector with large premiums. We're about to see a whole lot more. 2020 has been a volatile year. Economic data are mixed. Stocks are expensive. The Fed, alongside 80 percent of world’s central banks, is taking on trillions of dollars of liabilities, and the government's debt and yearly deficit are spiraling out of control. That makes gold a strong candidate as both a safe haven and as an investment with a lot of catalysts and factors that will push prices higher in 2021. Finally, uranium. The spot price of uranium has risen by 36% since the start of 2020. There are currently 55 reactors under construction, and the World Nuclear Association’s Nuclear Fuel Report shows a 26% increase in uranium demand over the next ten years. Kazatomprom has curtailed production by 20% until 2021. Another major uranium producer, Cameco of Canada, has closed its flagship McArthur River operation until market conditions improve. Meanwhile, Rio Tinto is expected to exit the market following the sale of its Rössing operation in Namibia and the slow wind-down of its Ranger operation in Australia, and in Niger the Cominak mine will cease operation in March 2021 due to depletion of ore. So, what does all this mean? It means the amount of uranium available in the spot market will not be adequate to satisfy the growing backlog of long-term demand. As a result, prices will continue edging upwards over the next 6-12 months. And how does one ride the vanadium, uranium, and gold boom? Answer – Aura Energy. Putting to one side its 'internal politics' and its 'temporary ASX censure' for over-issuing stock, Aura is about to spin-off its gold assets in Mauritania through the Archean Gold Inc. IPO (on the TSX-V); currently on track to complete in Q1 2021. The transaction with Archean effectively values the company’s gold assets at £5.3m (C$9 million). Mining magnate, and head honcho of Chilean Metals, Terry Lynch, has confirmed his role as Chairman Archean Gold. Now, with regards to vanadium and uranium, Aura boasts the construction-ready Tiris Uranium Project in Mauritania and the Häggån Vanadium Project in Sweden. Activities at both assets remain on care and maintenance as the company awaits the imminent results of the Swedish compensation claim which looks promising. The claim, under the Energy Charter Treaty (ECT), is for the financial loss resulting from a ban on uranium exploration and mining, introduced in August 2018. The company had planned to extract uranium as a by-product from its 100%-owned Häggån polymetallic project in Sweden. Figures released in mid-2012 estimated resources of 800 million pounds U3O8 (307,718 tU) at Häggån, making the Swedish project the second largest undeveloped uranium resource in the world. So, with the company’s gold assets valued at £6.15m, and with a current market cap of £8.25m (0.0035pence per share), means the market is valuing Aura’s uranium and vanadium assets at a measly £2.1m. Considering the bullish price outlook for both commodities, the in situ value of the assets, and the imminent announcement of the Swedish compensation claim, the £2.1m valuation is nothing short of a material mispricing of the stock. Buy AIMHO .

[newtoaim] 10/8/2020 13:28

Dnt be spiked

[tomboyb] 10/8/2020 13:07

Aura Energy Limited Update on gold funding transaction 10/08/2020 2:00pm UK Regulatory (RNS & others) Aura Energy (LSE:AURA) Intraday Stock Chart Monday 10 August 2020 Click Here for more Aura Energy Charts. TIDMAURA RNS Number : 6828V Aura Energy Limited 10 August 2020 10 August 2020 AURA ENERGY LIMITED ("Aura" or the "Company") Update on gold funding transaction Aura Energy Limited (AEE:ASX, AURA: AIM) is pleased to advise that it has moved to the final documentation stage of the C$4.5 million (A$4.8 million) gold funding deal it signed recently. Aura's Tasiast South tenements over 435 km(2) are in a highly prospective area lying on two lightly explored mineralised greenstone belts in Mauritania. The areas lie along strike from Kinross' giant +20 Moz Tasiast Gold Mine, where Kinross has recently announced that it will expand gold production to 530,000 ounces per year. As part of the initial termsheet the creation of a joint venture vehicle (PubCo) was required and was to be sponsored by TSX-listed Chilean Metals. Further to the announcement of 7 July 2020 and in order to improve timing and simplify regulatory requirements, the transaction will now be executed directly between Aura and PubCo, now named Achean Gold Inc. The transaction, which is subject to due diligence, remains the same in all aspects as outlined in the 7 July 2020 announcement and will see Aura progressively vend its Mauritanian gold and base metal licences into Achean Gold Inc. Achean Gold will receive the four scheduled payments totalling C$4.5 million before October 2021 and following which Aura Energy will own 50% of Achean Gold. Given the non-binding nature of this agreement, there can be no assurance at this stage that the transaction will proceed. [1] +20 M.ozs refers Tasiast's gold "endowment", i.e. current reserves + resources (9.8 M.0z - refer Kinross 2019 Annual Report) plus gold previously mined. In confirmation Kinross's published Tasiast resource at December 2011 was 20.5 million ounces at 1.2 g/t gold based on cut-off grades of 0.6 g/t gold for CIL ore, 0.25 g/t Au for heap leach ore and 0.1 g/t Au for dump leach ore. For further information please contact:

[tomboyb] 10/8/2020 13:06

Aura Energy Limited Update on gold funding transaction 10/08/2020 2:00pm UK Regulatory (RNS & others) Aura Energy (LSE:AURA) Intraday Stock Chart Monday 10 August 2020 Click Here for more Aura Energy Charts. TIDMAURA RNS Number : 6828V Aura Energy Limited 10 August 2020 10 August 2020 AURA ENERGY LIMITED ("Aura" or the "Company") Update on gold funding transaction Aura Energy Limited (AEE:ASX, AURA: AIM) is pleased to advise that it has moved to the final documentation stage of the C$4.5 million (A$4.8 million) gold funding deal it signed recently. Aura's Tasiast South tenements over 435 km(2) are in a highly prospective area lying on two lightly explored mineralised greenstone belts in Mauritania. The areas lie along strike from Kinross' giant +20 Moz Tasiast Gold Mine, where Kinross has recently announced that it will expand gold production to 530,000 ounces per year. As part of the initial termsheet the creation of a joint venture vehicle (PubCo) was required and was to be sponsored by TSX-listed Chilean Metals. Further to the announcement of 7 July 2020 and in order to improve timing and simplify regulatory requirements, the transaction will now be executed directly between Aura and PubCo, now named Achean Gold Inc. The transaction, which is subject to due diligence, remains the same in all aspects as outlined in the 7 July 2020 announcement and will see Aura progressively vend its Mauritanian gold and base metal licences into Achean Gold Inc. Achean Gold will receive the four scheduled payments totalling C$4.5 million before October 2021 and following which Aura Energy will own 50% of Achean Gold. Given the non-binding nature of this agreement, there can be no assurance at this stage that the transaction will proceed. [1] +20 M.ozs refers Tasiast's gold "endowment", i.e. current reserves + resources (9.8 M.0z - refer Kinross 2019 Annual Report) plus gold previously mined. In confirmation Kinross's published Tasiast resource at December 2011 was 20.5 million ounces at 1.2 g/t gold based on cut-off grades of 0.6 g/t gold for CIL ore, 0.25 g/t Au for heap leach ore and 0.1 g/t Au for dump leach ore. For further information please contact:

[richie32] 28/7/2020 11:54

...yeah, but why? I know we've had good news but what changed today?

[tomboyb] 28/7/2020 10:48

bit perky today -

[tomboyb] 08/7/2020 07:30

Up 35% - Someone like's em -

[danmart2] 07/7/2020 15:41

Wasn’t able to get any at 0.35 - should have gone in at 0.36.

[danmart2] 07/7/2020 13:25

0.35 bid price seems like very good value if you can actually pick them up at that price, company certainly back on the up.

[tomboyb] 07/7/2020 11:30

0.40p on offer now -

[tomboyb] 07/7/2020 09:17

Already hold ENGI -

[intheknow69] 07/7/2020 09:13

Bank those profits into ENGI. Angus Forest ploughing £150k into this because he clearly knows what’s coming.

[tomboyb] 07/7/2020 08:49

I have a free holding here now at negligible cost after profits - If the equity structure had been sorted this would probably be 1p+ -

[tomboyb] 07/7/2020 07:56

Aura Energy Executive Chairman Mr Peter Reeve said "Aura has maintained an exceptionally strong belief in these extremely under-explored greenstone belts given the high-quality preliminary gold and base metal exploration results achieved. This substantial funding package from a group of seasoned resource investors/developers will help reveal their true potential. With the Tasiast Gold Mine (+400,000 ozs pa) on the same belt just north of our project, the potential for multi-million-ounce discoveries is, in the eyes of our technical people, very conceivable". "The excellent base metal indications also revealed on these properties, particularly nickel and high-grade cobalt, also highlights the broader potential of these properties on a similar basis as the Kalgoorlie region in Western Australia where significant gold and base metal discoveries have been made in similar Archean Greenstone settings. "Aura is very pleased that Chilean Metals has recognised the attributes of this geological belt and welcomes Chilean into this project. Chilean's understanding of what it takes to enable mineral discovery and their connection to important gold investment sources will be important ingredients in this transaction. The current global economic environment is driving the gold price and provides the perfect environment for a separate vehicle to hold these strongly undervalued assets".

[the deacon] 07/7/2020 07:51

This news isn't even worth a 50% mark up on today's opening market cap.

[tomboyb] 07/7/2020 07:45

Hit my target of around 0.5p - Sold a few and retain most - This is excellent news and will add to the profile of the company - A bit of tailwind as well as the management team may depart but we shall see -

[mark0419] 07/7/2020 07:41

Is this on for a record percentage gain today? Great news for holders.

[tomboyb] 07/7/2020 07:34

sure - 233% -

[iamgreat1] 07/7/2020 07:31

Profit out Thanks auraMove funds to kat now