It is great that the share price is gaining momentum. |
Big week ahead, RNS due to update on company’s new cash reserve and hopefully movement at Tirius |
Pantheon Resources (PANR) about to rocket:
Talitha #A well on the Alaskan North Slope has encountered five significant oil bearing zones plus an unexpected additional prospective zone.
"The results to date and the potential economic value as discussed earlier i.e., 350-500 million barrels of recoverable oil at an estimated NPV10 of over $10/bbl (at today's oil price) represents a huge potentially multi billion dollar prize that we can test over coming weeks." |
Kingston78
Which broker? |
Hey kingston78 some brokers take a while to sort out consolidations so I guess the numbers can be out for 24 hours or so sometimes |
I understand that there is a share consolidation of 13:1, but my stockbroker's account has not reduced the number of shares that I hold. I wonder whether other people have the same issue. |
Today
6.00
Price still to settle , market cap is small compared to the potential |
Shares re-list on Monday? |
I do wonder, now the shares are suspended for a week for the consolidation if we will get the positive news updates?
In particular an update on the Swedish government claim |
Another thing Aura has going for it is that the UK has very few Uranium listings, most uranium juniors and majors are listed in the USA, TSX or ASX exchanges. The only UK listings I am aware of are:
- Yellow Cake | YCA (physical uranium fund)
- Geiger Counter | GCL (Uranium fund)
- Berkeley Energia | BKY (Binary play, if the Spanish gov allow uranium mining, heads or tails?)
- Kazatomprom | KAP (Kazakhstan 75% state owned uranium major - £4.5bn mcap)
When the uranium price rises and uranium stocks become more mainstream, Uk investors have limited places to go unless they want to deal overseas. If Aura sorts out management/shareholder issues, it will be the most leveraged uranium play in the LSE by a huge margin and I can foresee a lot of money coming this way.
Everything has to fall into place here first, but big payoff if the board can resolve issues. |
 Taken a modest position here of 500k shares at 0.54p, not willing to take a larger position here because there is significant risk here. However risk to reward is very interesting…
The mispricing here by the market is obscene, if this company comes out of the ASX halt and raises a good amount of cash, this company is going to re-rate significantly.
The company has a good portfolio of assets, but for simplicity sake lets only concentrate on one of their three assets; the Tris uranium asset and see what this company could be worth, on this asset alone.
The most comparable peer I could find would be Forsys, which has the Norasa deposit in Namibia with 91mlbs of uranium and has a completed Feasibility study for its deposit. It has a capex of US$400m and opex at US$30/lb to produce 5mlb/year U3O8 and no current management. Namibia is a better uranium mining jurisdiction, but the substantially lower Tris capex of US$45m, more than makes up for this.
The market is valuing Forsys currently at CAD$100m (£57.6m) or £0.67 / lb in the ground. Aura’s Tris deposit contains 49mlbs U3O8, valued at the same price would be worth £32.8m.
With current shares in issue of 2,557m and conservatively assuming a 33% dilution to raise capital, the company would have 3,400m shares in issue. With Tris valued at £32.8m, this should justify a share price of 0.96p, a 97% upside from the current price of 0.49p. With the uranium price likely to move up very soon, the value of this asset is likely to go much higher.
This valuation is from 1 of 3 resource assets the company has, there is exploration potential to increase the Tris U3O8 resource up to 100mlbs and there is potential compensation from the Swedish government for the companies uranium deposit there.
Management and shareholders need to resolve their difference, but with the uranium market booming, I have no doubt these issues will be resolved a lot quicker, because of the upside to all parties. Really interested to watch this unfold over the next few years. |
Chairman’s remarks at the end of the meeting the highlight
Peter’s less so |
Lets see how it plays out. |
 AIM UK shareholders screwed over
From today’s RNS
5 Rights issue eligibility - Foreign Shareholder Restrictions
T he Prospectus when complete will not constitute an offer in any jurisdiction where, or to any person to whom, it would not be lawful to issue this Prospectus or make such an offer. No action will be taken to register or qualify the Shares or the Entitlements Offer or otherwise to permit an offering of the Shares in any jurisdiction outside of Australia and New Zealand.
Where the Prospectus is dispatched to Shareholders domiciled outside Australia or New Zealand and where that country's securities code or legislation prohibits or restricts in any way the making of the Entitlements Offer contemplated by this Prospectus, then the Prospectus and accompanying Acceptance Form will be provided for information purposes only. It is the responsibility of any applicant to ensure compliance with any laws of a country relevant to their application. The return of a duly completed Acceptance Form will be taken by the Company as a representation and warranty by the Applicant that there has been no breach of such laws and that the Applicant is an Eligible Shareholder. |
Big day tomorrow, the start of a brighter future? |
On the move now... |
Consolidation email sent out today from both brokers
No detail on purchase rights as proposed in AGM
Does this only apply to the ASX? |
How does the 1 to 3 right to buy affect LSE Aim stock holders ?
The detail in the pre AGM proposal is confusing |
 "Despite the strong performance of uranium and uranium stocks, we believe that we are still in the early innings of a bull market for the commodity," said Tim Rotolo, CEO and Founder of North Shore Indices, the sponsor of URNM.
Mr. Rotolo went on to note, "supply and demand dynamics appear favourable for uranium as miners have slashed production just as the construction and development of new nuclear energy reactors is accelerating."
"Based on North Shore's research, uranium demand currently exceeds supply. Uranium prices will need to rise substantially from their current levels to induce uranium miners to reopen closed mines and to develop new mines."
"Those projections do not factor in the potential for nuclear power to be a key role-player in the electrification and de-carbonization efforts of the US, China and Japan, all of whom have publicly stated goals of carbon neutrality by 2035 to 2060."
A refreshing reminder that Aura shares are yet to reflect the substantive share price appreciation seen in uranium stocks over the past ten months. |
CityAnalyst1, thank you for your detailed analysis. I would say that generally it is wise to follow the big boys. |
Why the price monitor freeze yesterday? |
AGM was planned for this month, until the AGM sorts out the legacy mess of the current board the company can’t go forward |
The share price has been drifting down. Why? |
Is the AGM still planned for this month?
Are we expecting all resolutions to pass? |
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