Uru Metals Share Discussion Threads

[treacle32] 14/10/2013 21:50

More indicators positive tonight on chart...next resistance is at 3.695 pence now.

[treacle32] 14/10/2013 18:24

After Close Today.

Last Close:
2.5250
Change:
+0.4000
Percent change
+18.82%

BUY
Last Pattern: BULLISH ENGULFING

[treacle32] 14/10/2013 14:22

Hi Simon - Indeed.

IRG - 2 * 50K buys now, seems the large purchaser is back.

I've created this new thread for URU and hopefully helps all.

[simonparker5] 14/10/2013 14:00

Treacle we have been calling this one for days now and finally the market wakes up to it. Won't be long before the market wakes up to IRG either, I see someone just picked up 50K at 8.25.

[treacle32] 14/10/2013 12:53

3 v 3

2.50 - 3.00 pence.

[flashheart] 14/10/2013 12:20

Anyone have current L2 for URU please?

[linslader] 14/10/2013 11:11

The three buskateers here , what a surprise.

[treacle32] 14/10/2013 10:57

3.50m Volume thus far must be the highest this year.

[treacle32] 14/10/2013 10:20

Thanks flasher2.

[5310carraroe] 14/10/2013 10:20

Standby for the dump

[flasher2] 14/10/2013 10:17

treacle, well done again.

[stockologist] 14/10/2013 10:07

PMSL

No wonder he is so bitter

[29howard] 14/10/2013 09:55

And he dumped, you can tell by his posts he has sold on his thread.

[treacle32] 14/10/2013 09:23

Hi - I thought fair valuation was around 5 pence before further news.

[empirestate] 14/10/2013 09:21

Treacle, can you get me 7p plse. cheers

[treacle32] 14/10/2013 09:18

100K paid at 2.88p.

Seems 3 pence could well be broken today.

[29howard] 14/10/2013 09:16

lol

last day of his t10 and it spikes.

[treacle32] 14/10/2013 09:15

The arbitration result is a WIN WIN for URU as I've kept saying.

"A binding arbitration process is taking place on the Zebediela project in South
Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder".

"Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time".

[treacle32] 14/10/2013 09:10

Proper wedge of resistance is at north of 5 pence where the price was before the arbitration proceedings and a result is due on that anytime.

[treacle32] 14/10/2013 08:55

Could double/triple to at least 4-6 pence imo. Very undervalued and should have been at the suggested levels with the in depth research provided.

Free float is only small & may have gone short now.

Chart & ta is superb now.