Uru Metals Share Discussion Threads

[turnipboy] 21/4/2017 10:20

News like this is meaningless unless you're a bb ramper or a hack reporter on sites like proactive/vox etc who write limp dross, just to collect a paycheck and keep the companies happy and keep them coming back.

[marmar80] 21/4/2017 09:24

Yeap, that's why I'm watching with interest, not holding any.

[turnipboy] 21/4/2017 09:20

Warrants and options are not that meaningful unless you are a ramping bb amatuer trader. Usually they mean more dilution like placings. But spin and ramp and spike and repeat.

[marmar80] 21/4/2017 08:29

Hard to understand this share :)

[mbeya11] 21/4/2017 08:03

The directors trying for another day like yesterday with the same rns

[turnipboy] 20/4/2017 22:41

Comparing a not that well developed resource, to in production mines (without talk of their grade or profitability) is simplistic and not worth that much. Lots of resources can claim to be in the top 12 mines by size or whatever, but they are not in production, that is the key difference/point.

[turnipboy] 20/4/2017 22:28

Will be coming...smh..learn to intelligently analyse shares quietly, before attacking others.

Very low grades and low metal prices, with little progress and cash - the evidence is there already for people to see. Hand-waving or acid-leaching etc is not going to make this a good investment.

[hope67] 20/4/2017 22:16

Numbers and evidence will be coming next week Ando do tune in. I see two shorts were taken out this afternoon but closed before eod lol this is only going up now, the mms had their fun when they dropped it below 2p have you read the presentation on the website?

[turnipboy] 20/4/2017 22:00

Numbers? Evidence? Or more high and mighty BS? The latter I think...

Low grade. Low metal prices. Low activity since 2012 (when prices were a lot higher).

[turnipboy] 20/4/2017 21:58

You keep a list of known trolls..is that like "Fantastic Beasts and Where to Find Them" or a bigger work of fiction.

URU is overvalued at £22m (with little or no cash on the horizon) and people who can't back up the value shout troll..paid deramper..poo poo face...all without backing up what they have said..cos BS speaks for itself.

[hope67] 20/4/2017 21:56

And Turnipboy knows full well that Zeb is a project with unusual consistency and is a high tonnage project with the option to nearly triple the resource, the leaching process can reduce the Capex by 30% or more so makes it very viable also if they do have other precious metals such as Titanium, Ferro Vandanium and Platinum the project will be worth a lot more. And before they even mine for the Nickel the iron can be sold off and produce revenues. That is just Zeb. Then we have Burgersfort which could be bigger than Zeb and host different metals again. Plus we have 11% of Mrs which will be producing profits very quickly that business alone is worth 100 million.
He also doesn't mention tha Kloepper has come from Frontier Resources where they have a world class Lithium asset, now why would he leave there to come to Uru?

[hope67] 20/4/2017 21:49

Turnipboy is Ando from lse you might want to read some of his posts over there lol known troll

[888icb] 20/4/2017 20:21

If you really don't understand why it was good to do a premium placing rather than pick shares up more cheaply in the market, you shouldn't be investing in shares.

[jsd2jsd] 20/4/2017 18:01

Hi turnipboy,
Just an observation but why spend time on a share that you think is carp and overvalued- just asking.
If I was as confident as you seem to be I’d go short big time.
Anyway good luck with whatever you do

[turnipboy] 20/4/2017 16:42

How can a low grade (with low metal prices and unlikely profitable) asset and company with little cash and little development, be valued at £22m.

Acid leaching is not going to make this economic.

Why did they do a premium placing when those shares could easily have been picked up in the market for a lot less - not something to have sound faith in. Especially when people/companies doing the buying own way more shares at a lower price, and with little transparency on the placing.

Low cash, low grade, low likelihood of profitability, low progress. And the CEO was incorrect when he said they had enough cash to PF.

Without a placing how can they buy a good Li asset, that is way too priced in already, let alone develop it.

Where is the return going to come from? £22m is simply over-valued.

[turnipboy] 20/4/2017 15:33

Valuing a company on what a CEO says (without him justifying it with up to date backed-up costings) is not a way to invest properly.

Zorbas has been in charge since June 2014.

"URU Metals is fully funded through to the start of the PFS" John Zorbas, 2014
hxxp://msagroupservices.com/news_uploads/zebedeila.pdf

Why have faith in him now since so little has happened - as well as lower metal prices.

[turnipboy] 20/4/2017 15:03

Mass acid leaching is not without issues.

"Talvivaara Sotkamo, went bankrupt in November 2014, and it is bound for liquidation, with at least 98% of equity lost, and €1.4 million debt outstanding. The mine had suffered several leaks of toxic metal-contaminated tailings, which had threatened local waterways. Members of the management have been charged with criminal environmental offenses. "



And they have a higher grade/value overall metal in the ground resource than Zeb (which is 0.25% Ni and 15% magnetite)

"The mine has reserves amounting to 1 billion tonnes of ore grading 0.22% nickel, 0.13% copper, 0.5% zinc and 0.02% cobalt thus resulting 2.2 million tonnes of nickel, 1.3 million tonnes of copper, 5 million tonnes of zinc and 0.2 million tonnes of cobalt"

[turnipboy] 20/4/2017 14:45

Awarding options is not hard. I would take them even if I think the company is over-rated, no harm, little meaning. If they awarded options at 500p (not much stopping them from doing so) would that mean the company is worth any more?

How they can do loads in 12 months with so little cash - guessing they won't.

News on acid leaching on a low grade unlikely profitable resource is hype with little game.