Share Name Share Symbol Market Type Share ISIN Share Description
Aura Energy Limited LSE:AURA London Ordinary Share AU000000AEE7 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.25 -2.33% 10.50 303,284 11:27:16
Bid Price Offer Price High Price Low Price Open Price
10.00 11.00 10.90 10.40 10.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.02 -1.64 -14.38 269
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:56 O 116,493 10.40 GBX

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09/4/202115:11Aura Energy Limited strong showing on first day trading265
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Aura Energy Daily Update: Aura Energy Limited is listed in the Mining sector of the London Stock Exchange with ticker AURA. The last closing price for Aura Energy was 10.75p.
Aura Energy Limited has a 4 week average price of 0.37p and a 12 week average price of 0.30p.
The 1 year high share price is 12.25p while the 1 year low share price is currently 0.16p.
There are currently 2,557,535,966 shares in issue and the average daily traded volume is 527,622 shares. The market capitalisation of Aura Energy Limited is £268,541,276.43.
rlewis jnr: Hi guys, have had a substantial holding in Aura for some years now, is the latest share issue (below) worth taking up? We're writing to let you know that Aura Energy Limited has issued an open offer, entitling shareholders to subscribe for new shares in the company. The terms of this open offer are: -Issue: Open Offer -Ratio: 1 new shares for 2 shares held -Subscription price: AUD 0.026
kingston78: I hope that there will be some good news soon to propel the share price much higher.
kingston78: It is great that the share price is gaining momentum.
morethanme: 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.
city analyst1: "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." Https:// A refreshing reminder that Aura shares are yet to reflect the substantive share price appreciation seen in uranium stocks over the past ten months.
city analyst1: Danmart, Aura’s fair value (employing a DCF valuation model) sits at around 1.56pence per share or £40m market cap. However, when you set this fair value against the current peer valuations (following the recent mini rally in uranium stocks), the company is materially mispriced. By way of background, the company’s shares have been in a state of paralysis since the May 2020 trading halt on the ASX. The emergence of the heavyweight activists (Axel Sartingen, Asean Deep Value, Florian Hoertlehner, and John Bennett) triggered the action under Listing Rule 17.1. Thus, since then, the share price has stagnated and not mirrored the wider movements in the uranium and vanadium space. However, on January 29, 2021, and after 9 torturous months, things took a massive turn for the upside with this announcement from the company: “With the assistance of a major shareholder (Lind Global), Aura Energy commenced settlement negotiations on the outstanding legal disputes with the shareholder activists and this has been largely successful.” That announcement, which went largely unnoticed by the wider market, was a real ‘game changer’ for Aura shareholders. The activists’ demands, once revealed, will be highly bullish as they will be predominantly focussed on expediting delivery of shareholder value after almost five years of perennial underperformance. So, against the backdrop of a highly valuable asset base, a highly aligned management team, a highly sophisticated institutional share base (see the links below), a bullish uranium, vanadium, and gold sector, and a spectacularly low market capitalisation, the Aura share price is now starting to play catch-up. And catch-up it will.
city analyst1: Danmart, shareholder activists, the likes of Mr DP O'Neil and Mr DE Roes (Asean Deep Value), are interested in one thing and one thing alone – extracting value. And they sure know value when they see it... TIRIS URANIUM ASSET • Has a Global Resource of 52 million lbs of contained U3O8 at a grade of 334 ppm. • Has a potential mine life of 17 years and is shovel ready. • DFS completed. • Mining licence approved. • AISC is under $30/lb whilst capital cost is a paltry £45m. • Uranium is found in nine mineralised zones. • In addition, the 2018 DFS indicated the potential for the recovery of vanadium. • The asset produced its first samples of yellowcake product in 2019 which was regarded as 'saleable'. THE TASIAST SOUTH GOLD ASSET • Tenements of 435 km2 lie along strike from Kinross’ giant +20 Moz Tasiast Mine. • Kinross to expand gold production at Tasiast to 530,000 ounces per year. • $3m already expended by previous explorer on asset. • Broad zones of gold mineralisation already identified. • Gold intersections on the Ghassariat prospect indicate large gold system. • High grade cobalt, nickel, and copper intersections obtained on Taet permits. • Strong similarities with the great gold provinces in Australia and Canada. • Has attracted the attention of gold supremo Terry Lynch of Chilean Metals. THE HAGGAN POLYMETALLIC ASSET • Has a Global Resource of 15.3 billion lbs of contained V2O5. • Includes a significant high grade, near-surface vanadium zone of 320 million lbs. • Has the potential to be one of the world's largest sources of high grade vanadium • In addition to vanadium, the asset boasts molybdenum, cobalt, and nickel. • House broker WH Ireland believes the asset now sports the potential to be one of the world’s largest sources of battery metals. And thrown in for free is the.... THE SWEDISH COMPENSATION CLAIM • Company filed a $1.8bn claim against the Swedish government. • This is the first, ever, investor-state arbitration in Sweden’s entire history! • The Häggån uranium asset boasted estimated resources of 800 million pounds U3O8. • Claim recently listed as an agenda item in the Swedish Parliamentary Cabinet. • Swedish Chancellor of Justice handling the case. • Update from the Chancellor expected anytime from now So, there you have it - exceptional value at firesale prices; an absolute rarity on AIM. Remember, any agreement with the activists will be extremely bullish as board involvement will, most definitely, be an option. To this end, the interests of the retail investor and the activists (44.6%) will be thoroughly aligned. Danmart, the company is GROSSLY UNDERVALUED and that’s why the shrewd, uber-savvy, battle-hardened activists are here in their droves. Also worth bearing in mind, any shares issued in a Rights Issue (not a Share Placement...) will go into the activists’ ‘sticky hands’, who will want to protect their stakes from dilution. To this end, we will be, very quickly, in a position where we are fully cashed-up and where liquidity is unchanged for the retail investor. So no stock overhang. This is extremely positive. And yes, the Tiris Uranium Project is the big prize here – worth several multiples of the company’s current share price. France’s Orano Group, who have uranium mines in neighbouring Niger (Orano’s subsidiary, Somaïr, produces uranium from the Arlit deposit), are rumoured to have approached the company regarding Tiris. Remember, in their 2019 RIU Conference presentation (below), the company revealed house broker WH Ireland’s preliminary target value of A$72m (£40m or 1.56pence per share) ahead of any divestment (IPO or asset sale) or settlement (Swedish Claim) news. That's only 15 months ago! And other than the long-awaited, fast-approaching, uranium bull market, nothing has changed in terms of fundamentals. The Sage of Omaha once opined, "The stock market is a mechanism for transferring money from the impatient to the patient." Http:// Https:// Https:// Https:// Https:// .
city analyst1: 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 .
tomboyb: 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: Aura Energy Limited Aura signs C$4.5m gold funding deal term sheet 07/07/2020 8:00am UK Regulatory (RNS & others) Aura Energy (LSE:AURA) Intraday Stock Chart Tuesday 7 July 2020 Click Here for more Aura Energy Charts. TIDMAURA RNS Number : 2333S Aura Energy Limited 07 July 2020 7 july 2020 AURA ENERGY LIMITED ("Aura" or the "Company") AURA SIGNS C$4.5 MILLION GOLD FUNDING DEAL TERM SHEET WORK ON TASIAST SOUTH EXPECTED TO COMMENCE WITHIN 3 MONTHS TO VIEW THE FULL PDF VERSION OF THIS REPORT WITH FIGURES, TABLES AND FOOTNOTES CLICK HERE: Aura Energy Limited (AEE) is pleased to advise that it has signed a C$4.5 million (A$4.8 million) funding term sheet for the creation of a joint venture vehicle with TSX-listed Chilean Metals Inc ("Chilean Metals or Chilean") for Aura's gold, base and battery metal tenements in Mauritania. The deal is subject to due diligence and as such is non-binding. 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 (See Fig 3). 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. Aura maintains that these tenements, also with strong base and battery metal results, represent some of the best under-explored greenstone belt targets in the world. The transaction, which remains subject to due diligence, will see Aura progressively vend its Mauritanian gold and base metal licences into a joint venture vehicle (PubCo) with Chilean contributing four scheduled cash payments totalling C$4.5 million before October 2021. The third and fourth Chilean payments will be at their election. Assuming Chilean invests C$4.5 million in cash into PubCo, Aura will own 50% of PubCo and Chilean will own 50%. Aura will also receive 1,000,000 shares in Chilean Metals as part of the transaction. Chilean may source the required funding from its own corporate sources or individual investors with the payment schedule by Chilean into the new vehicle as follows: -- C$1.5 million - On or before 31(st) August 2020 (on execution of binding documentation) -- C$1.0 million - 30 January 2021 (or sooner) -- C$1.0 million - 1 June 2021 (at Chilean's election) -- C$1.0 million - 1 October 2021 (at Chilean's election) Given the non-binding nature of this agreement, there can be no assurance at this stage that the transaction will proceed. 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 key terms of the deal are as follows: -- Chilean invests C$4.5 million before October 2021 into PubCo -- Aura contribute 100% of its gold and base metal tenements -- Aura receive 1,000,000 shares in Chilean Metals -- Aura and Chilean will eventually hold 50% each in the JV vehicle -- Aura will hold 3 board seats in PubCo and Chilean 2 board seats -- It is intended that PubCo will be listed on the TSX-V exchange -- Aura will provide the management and technical team for the vehicle -- Aura will receive a mutually agreed management fee for operating the vehicle -- The deal remains subject to due diligence and will remain non-binding until the definitive agreement is executed. Aura and Chilean will seek to finalise a definitive agreement for the transaction no later than 31(St) August 2020. Schedule of TIMCO/JV Transfer and Cash Contributions
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