Metalnrg Share Discussion Threads

[cerrosdelaguila] 13/9/2024 20:13

I am curious as to WHY there were so many shares traded today . There has to be a reason behind it and I think next week will hopefully reveal why . I'm sure we'll continue as we left off today.

[7rademark] 13/9/2024 18:07

Thanks. Those figures make the current mcap of 5m look unbalanced against potential even if they only realise a small percentage of their target. I note it was NT to buy for most of today's trading as well as at the close.

[cerrosdelaguila] 13/9/2024 16:42

I only know this from 17/7/24. But it sounds so positive .Update on Kyrgyzstan Uranium Project Kyrgyzstan Parliament removes prohibition on uranium mining MetalNRG plc (LON:MNRG), the natural resources and energy investment company, is pleased to announce that the Parliament of Kyrgyzstan has approved a bill lifting the ban on prospecting, exploration, development and mining uranium and thorium in the Kyrgyz Republic.MetalNRG has a significant interest in the Kamushanovskoye Uranium Deposit, a uranium clean up project in the Kyrgyz Republic, with low CAPEX requirements (the "Project"). The Project is currently owned by International Mining Company Invest Inc ("IMC). MetalNRG holds a 9.9% stake in IMC, with an option to increase that interest. The value of MetalNRG's stake in IMC was fully impaired in 2022, and is held at zero value, due to the prohibition on uranium mining in the Kyrgyz Republic. This valuation will be reviewed in due course.Project Highlights:· The Project is in the Kamushanov community, Sokuluksky District, Chuy Province, 48km from Bishkek the capital city of the Kyrgyz Republic.· The State Reserve Committee of Kyrgyzstan had previously granted an application for a mining licence in January 2019 (the "Mining Licence") for 3,371.1 tonnes uranium reserves (8.731 million lbs uranium 308) which had an in-situ value of approximately US$253.1 million at uranium spot prices on that date. The uranium price has since increased fourfold from approximately US$22/lb to approximately US$86/lb.· The Project offers a potential exploration upside of an additional 2.58 million lb of uranium from a partially explored zone (subject to being brought into a compliant resource), plus as yet untested prospective ground.· The Project was intended to be developed on an In-Situ Recovery ("ISR") basis providing for lower initial capital outlay and operating cost of production. The pilot using this technique was completed and reported on in the Competent Persons Report ("CPR") carried out during the Company's due diligence of the Project in 2019 and can be found on the Company's web site www.metalnrg.com· Infrastructure around the Project includes road access, together with electricity and water supplies.· There were three uranium refineries within 550km of the Project before the ban was imposed, the closest being at Kara Balta, 60km away, demonstrating that the region was familiar with development of uranium production opportunities. There will be a need to establish the current state of these refineries before decisions can be made on how and if to progress the Project.· MetalNRG's internally estimated NPV of the Project is approximately US$250m (based on current prices of US$91/lb for U3O8). The figure is subject to revision after the reversal of the uranium ban comes into force.· Based on the previously completed CPR and internal assessment, the estimated initial costs to complete the build-up of the operations, CAPEX/OPEX, is around US$11 million. Further validation of this figure will be required to determine the best way forward.· MetalNRG's Board will be reviewing the Project to determine the most appropriate way to progress this opportunity.Rolf

[7rademark] 13/9/2024 15:01

What are the estimated uranium assets valued at? There's talk they are 20 times the current mcap.

[tomboyb] 13/9/2024 13:30

Sh*t -

Had a load around 0.04-0.045p -

Only 6 mill -

Sold for a paltry sum profit -

[cerrosdelaguila] 13/9/2024 13:26

And maybe a holdings RNS soon. Someone's keen besides us few

[cerrosdelaguila] 13/9/2024 13:19

Lee stiles. You may be clawing back those losses quicker than you thought look how this beauty is travelling north

[lemonadestand1] 13/9/2024 13:19

HL Having trouble the whole app can't keep up with live prices.

[cerrosdelaguila] 13/9/2024 10:53

I wonder when will this little darling appear on any tips sheet .

[lew stules] 13/9/2024 09:59

Hopefully back to my 0.75 average, I have been waiting a long time for this to spring back to life.
In the longer term the prospects look bright IMHO.

[cerrosdelaguila] 13/9/2024 08:19

And a lovely touch north to end the week. The bid having moved up .02 points. Wonder where we'll be should positive news break

[block4gooner] 11/9/2024 10:22

I feel news this month.Tick tock

[cerrosdelaguila] 11/9/2024 09:56

And still the buys keep coming. Well done holders

[2magpies] 11/9/2024 07:58

B4G

Yep.

Where will the share price be when the RTO &/or Uranium news drops??

News on either will do, for me.

Although neither is definite, yet.

Oh, and ANOTHER uncrossed trade @0800hrs : 999,999 @ .36

Curious.

[block4gooner] 11/9/2024 07:31

Bid price up from 0.31 to 0.33 so although it's showing down 4% we're up and my portfolio says thank you.Only 16.5% down now from 90%+ a few months ago!

[cerrosdelaguila] 11/9/2024 07:08

0.345 mid at the open is good enough for me this morning :). Good luck holders

[2magpies] 10/9/2024 22:32

No.

Auction ..Happens to hundreds of stocks every day.

Went into Auction at 4.30pm, and the strike price was .36, @ 4.35pm

Yes, tomorrow it could open, again @ 0.34 mid.

Or....

[block4gooner] 10/9/2024 17:17

Exactly my thoughts.They've done this before so on open in the morning it will probably correct to 0.32/0.36 with a mid of 0.34 showing as red.Trying to get cheap shares tomorrow before news by making it look like it's dropping?

[cerrosdelaguila] 10/9/2024 16:27

The ask and mid are the same at 0.36p. Making it look like a 7% rise. Or is this an Mm trick.

[cerrosdelaguila] 05/9/2024 13:31

Full ask being paid for just a handful . Could be another mover before the close

[cerrosdelaguila] 05/9/2024 08:07

Another bounce. What a great little find this share is proving to be GLA

[cerrosdelaguila] 02/9/2024 12:28

Could be a little move north today as Mr Buyer is around

[block4gooner] 13/8/2024 11:56

Don't forget that's not the true spread.Always worth doing a dummy buy/sell to see the truth.Currently showing 0.27/0.32But actual0.2755/0.3166 for £1000

[cerrosdelaguila] 13/8/2024 10:48

Ridiculous spread imo