Aura management have zero plans and interest in doing the mine themselves, they are delaying and dragging out the story hoping for a partner to turn up.
Look how many times the Tiris mine decision has been postponed
In the meantime, the board keep getting paid and shareholders money keeps getting spent |
Uranium squeeze https://x.com/quakes99/status/1857442814260662329 |
Balance Sheet:-As of 30 September 2024, the Company had cash of A$15.8 million.Aura Managing Director and CEO, Andrew Grove commented:-"Our team at Aura continued to make significant progress towards the development of our exciting Tiris Uranium Project. The material update to the Project economics on the back of the increased Mineral Resource is just the start of defining what will be a globally significant Project and a new uranium producing region.With the work being undertaken to demonstrate the scale opportunities within the current Mineral Resource, and the very significant exploration potential, we hope to demonstrate material opportunity that lies within Tiris and northern Mauritania more broadly.We continue to advance the project on multiple fronts to meet our commitment to progress Tiris towards a Final Investment Decision in early 2025." |
Confusing Update RNS to yesterday's RNS. What exactly is the Update? What exactly has changed?? |
New board are as bad as the last lot
Too much self interest and insider trading IMO |
Don't hold any, watching from the sidelines. AURA seems to be such an underperformer. |
Big drop in the share price today! |
"FLASHING RED"
Why are they highlighting in RNS again to be part of shareholder Raise!! Are they short of Buyers.??
Massive SELL TODAY!!
Why? Do they know something!!
Why Mining BAN?
Why Share Placing Issue Short!
What do they do now? Raise a Bank Lone??
Too Risky hence fall now may see 5p support tested or even lower as Capital Raise Fails!! |
Last day to buy in placing & get the free warrants. (Probably need to do it before noon ;) |
Why do they have a Mining Ban?? |
It’s a lifestyle waster, look how hard the usual grifters are working on X trying to claim the uranium price is going to the moon and that Sweden will soon over turn their mining ban.
X is full of Aura pumpers |
Give us the TRUTH, what are you hiding?? |
MORE UNKNOWNS!!!
Familiar pattern with another LEG Down.
Strange a newly created position of Chief Financial Officer!!
Why would Mark Somlyay take a level of CFO ?
Who/What did they use before to Control Money..?
Shares at $0.30 per Share to new and existing institutional and sophisticated investors!!!
Who are these so called sophisticated investors!!! Red Flag!!
NOTE...
AURA issue of the FIRST tranche of Aura fully paid ordinary shares ("Shares")
IS THERE MORE DILUTION TO COME!!
The placement price has been amended to $0.18, WHY??
Too Risky at these levels... |
Another Dilution due to Capital Raise.
Looks like 6p by Fund raise on 25March.
No guarantee raise in demand.
Too Risky even with 18% drop today!! |
Like I said back in Jan, Europe needs to get real and serious about mining. The news today confirms some positive changes in the thinking going on at the higher level. |
Source16 Jan '24 - 20:40 - 48 of 64
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 etc |
Nice news today. Hopefully Sweden will come to their senses as nuclear is greenest power source we have:-"Swedish Government initiates inquiry to overturn uranium mining ban" |
Just appointed a new MD.
To be fair, like most uranium stocks progress was at a glacial pace due to the uranium price. |
The yellow cake in the ground is not the issue, the current board are the issue |
Can't find one.... I think they will find one now that the world is waking up to the fact that they need a lot more uranium. |
More dilution and no plans to actually mine, they are holding out for a majority partner to build and operate the site and they can’t find one. |
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