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17 November 2023 |
Decent enough write up apart from the incorrect info on Tasiast project "the Tasiast South Project near Kalgoorlie, in Western Australia". |
I've bought more too. All things considered it's too cheap here given the quality of Tiris. Main risks are Mauritania & management. |
Well, if one doesn't like a company then don't invest and move on.
I've recently bought in and have an average price around the current sp, happy with that and happy to just sit back and watch the news flow come in on the 15,000m of drilling - during a raging bull market in the uranium price.
My main concern is that we will get taken out with a low ball offer.
Haggan has been ascribed virtually no value by the market, therefore any movement from Sweden regarding a more enlightened approach to mining will add significant value.
If you can't sleep at night because of one of your investments, or you only see problems then sell or sell down to your sleeping point.
Sp up 2.7% on the ASX currently, to rephrase your post from yesterday when the share price was down "hmm, what do people know, they must know something and positive news must be due", lol:))) |
Hope you're right Count. Looking deeper since yesterday. The mystery remains. I have to write Sweden to 10% chance of success as Swedens record on new mines is poor & sentiment still strongly anti. I saw this with their critical mineral double speak wrt fluorspar etcHowever, Tiris looks good on paper but risks remain around key areas of logistics & country permits etc (normal to many miners) but I'm not familiar with Mauritania politics & if that is a curveball. A project of this quality should get financed quite easily if the above risk bought under control though especially as capex is small. All this makes the bad underperforming share price an even bigger anomaly. I'm just very wary when I see this discrepancy as AIM mining management are notoriousl for stitching up shareholders at ease & London nomads etc do nothing good to enforce good governance. |
Please explain why 1AE, which has one of the largest US uranium deposits has done virtually nothing and why the market cap is just 25m AUD.
Could it be the market has yet to start to recognise and value these unloved uranium stocks? |
 Explain what you mean by your opinion of management silence?
They put out a detailed rns the other week. There is also a detailed video interview from Nov. Exactly whay do you want and expect?
By underperformance, can you please explain what the price was just 6 months ago in Sept?
Can you also at least have the brains to also note the big move in the uranium price has happened recently and it will take time to flow through to the uranium stocks. Look at 1AE, one of the largest uranium deposits in the US, do tell us what it's market cap is and explain why it hasn't done much YET in terms of price movements.
The uranium bull run is just getting started. These things playout over long periods, the uranium price can move strongly in a short period of time whereas the uranium stocks play catch up. Giving you a free education here.
What on earth do you think will happen when AURA begin releasing their assay results and then significantly increase the resource into a red hot uranium market? A 15,000m.drilling programme is pretty significant. If you have any knowledge you would know that. |
How do you explain the massive underperformance to its peers then in what everyone acknowledges as a uranium bull run?Management silence also suggests they're not bothered the market has it so "wrong" either?Not deramping, but am pointing out irrefutable facts. |
Oh dear. Price weakness is very worrying especially when almost all other Uranium companies are up between 30% &100%!Suggests someone knows something & are selling just when everyone else wants Uranium! Doh!Management seem happy to not support the shares or inform their shareholders is also quite worrying... |
Price ended up on the day down under |
Apparently someone said on twitter a large holder was dumping in Oz last night hence its price. Been acting weird for months actually too considering. |
OT - please allow me for the plug, considering how much research I have shared about AURA:)
I have shared a lot of research on THR a US focused uranium stock on the THR bb. Current market cap is just over 4m GBP. Virtually forgotten about on AIM. |
My pleasure, good discussion! |
Thanks for these Count. |
The tide is turning, just need high prices, inflation to kick in and a down turn in the economy and funnily enough folks will be pushing for mines to be open, jobs to be created and changes to occur.
Meanwhile, Europeams are quite happy to export their pollution to other countries, and talk about EV's...which China is going to dominate. |
Anyway, all the focus on Mauritanian and drilling to expand the resource to a tier 1 uranium asset. While Sweden sorts itself out and Europe wake up to the fact they have no uranium, unless they get real about mining :)) |
I mostly disagree, Europe needs to get real and serious about mining. Meanwhile for AURA all they can do is move the project along as much as possible.
Tiris is the focus and where all the value is, the market has basically written off Haggan. Will get interesting when we start receiving the drill results on the Tiris project. Management need to get this project mining, been what, a decade since they first discovered it.
See slide 6 :))) |
Not sure that's wholly correct Count, but you are right Sweden is probably lower probability with many more informed investors. However, I think some benefits are definitely being expected by many investors especially as if for no other reason Aura management do talk up Sweden in their corporate presentations & also interviews. Given the insights/opinions in the links I posted below would suggest Sweden should be a write off & not even mentioned until Sweden even shows more hard moves to allowing ANY mining, let alone Uranium mining on their lands. |
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