Uramin Share Discussion Threads

[porker] 13/6/2007 10:07

"son of Uramin 2 ????

[seagreen] 13/6/2007 09:58

Well its been swell lads a great thread and particular thanks to Sagem, Papillion and Marnewton, the man who had us on the edge of our seats with his T10's just as the price went down etc etc etc for keeping me company through the ups and down I have closed my final bit at £3.825 you might get a tad more but unless there is a counter bid, I think this is a fair price would have prefered 10p more but it might suddenly be 10p less.........See you on son of Uramin 2 when it floats in July ....take care all

[paddywak1967] 13/6/2007 09:26

Wonder when the promised RNS will appear. It should be today it's just a question of when?

[tiltonboy] 13/6/2007 09:25

UMN is a SETS MM stock so L2 changes constantly, and in a lot of cases is immaterial.

[paddywak1967] 13/6/2007 09:24

Thanks Liam.

[liam1om] 13/6/2007 09:23

Paddywak,

1v1

[paddywak1967] 13/6/2007 09:19

level 2 anyone please?

[simonbroughton] 13/6/2007 09:09

Martin,

Thanks for the chart. It's very impressive.

[ppowerscourt] 13/6/2007 09:09

Thanks, Martin.

Fabulously blue in majority of indicators. MACD has plenty of elasticity to go yet.

pp

[liam1om] 13/6/2007 08:23

Morning Elliot.

[sir josephs mate] 13/6/2007 08:22

Keston07 - 13 Jun'07 - 08:13 - 2203 of 2204


Why the big spread ??



BIG BREAD INVOLVED?!! LOL!!

[elliotset] 13/6/2007 08:21

YES THE MMS DONT WANT ANY ONE TO TRADE DERRRRRRRRRRRRRRRRRRRRRR

[liam1om] 13/6/2007 08:15

I agree, they basically dont want to trade today.

[keston07] 13/6/2007 08:13

Why the big spread ??

[papillon] 13/6/2007 08:11

liam and SirJM, news must be very, very soon.

[liam1om] 13/6/2007 08:02

Wow 4% spread. Thats the biggest I've seen on this!

[sir josephs mate] 13/6/2007 07:13

Preparing for a bid?

UraMin Inc
13 June 2007

13 June 2007



UraMin Inc.

('UraMin or 'the Company')



UraMin Announcement to U.S. Holders -Tax Information



On June 12, 2007, UraMin Inc. ('UMN' TSX and AIM) announced that the Company has
determined that it is a passive foreign investment company ('PFIC') for U.S.
federal income tax purposes and has been a PFIC since 2005. This determination
is important to all U.S. persons who hold equity in the Company (including
individual U.S. citizens or permanent residents along with U.S. corporations,
partnerships, trusts, and estates). Further, this determination of PFIC status
may be contrary to certain representations or warranties made to U.S. purchasers
in private placements since 2005.



Generally, a PFIC is a non-U.S. corporation that has, for a particular year,
either (i) at least 75% of revenues being passive investment income (the 'income
test') or (ii) at least 50% of gross assets being a type that produces passive
investment income (the 'assets test'). The Company has determined that it is
and has been since 2005 a PFIC under the assets test. A U.S. holder of equity
securities in a PFIC is subject to special tax rules. In general, the U.S.
equity holder is subject to tax at the highest rates applicable to ordinary
income on certain distributions from a PFIC and on the holder's gain from the
sale of the PFIC's equity securities. Under certain circumstances, deferred
taxes and interest may also be imposed as if the PFIC-related income had been
earned by the U.S. equity holder ratably over its holding period in the PFIC
equity. As an alternative to the default U.S. tax consequences of holding
equity in a PFIC, U.S. holders may make a so-called qualifying electing fund ('
QEF') election. With a valid QEF election, a U.S. holder reports each year its
pro rata share of the PFIC's ordinary earnings and net capital gain.
Furthermore, such an election potentially entitles the U.S. holder to treat gain
on the sale of the PFIC's equity securities as capital gain (if permitted under
otherwise applicable U.S. tax rules), long-term if the securities have been held
for more than a year. Generally, U.S. holders may make the QEF election with
respect to securities of the Company acquired in 2007. Under certain
conditions, U.S. holders may also make the QEF election retroactively to apply
to securities of the Company acquired in prior years.



The Company is currently taking steps to provide its U.S. equity holders with
appropriate information on its website to assist such holders in working
productively with their independent tax advisors to address how the Company's
PFIC status affects their particular tax situation. The Company strongly
suggests that each U.S. equity holder review this situation immediately and take
this press release and the information available at www.uramin.com to its
independent tax advisor to determine what, if any, action is appropriate.



General information is available about the Company by accessing UraMin's web
site at www.uramin.com and SEDAR at www.sedar.com.



U.S. Internal Revenue Service Circular 230 Notice



To ensure compliance with U.S. Internal Revenue Service Circular 230, U.S.
equity holders are hereby notified that: (a) any discussion of U.S. federal tax
issues contained or referred to in this press release or any document referred
to is not intended or written to be used, and cannot be used, by U.S. equity
holders for the purpose of avoiding penalties that may be imposed on them under
the United States Internal Revenue Code; (b) such discussion is written for use
in connection with the promotion or marketing (within the meaning of U.S.
Internal Revenue Service Circular 230) of the transactions or matters addressed
herein; and (c) U.S. equity holders should seek advice based on their particular
circumstances from an independent tax advisor.

[simonjamesturner] 12/6/2007 22:10

I agree totally with you papillon. Can't really see much more upward movement in this one, maybe to 385 (if the initial offer is indeed 390) either way hopefully we've all made enough money here over the past few months not to care about another 2 or 3% anyway. All in all its been a great ride.

[papillon] 12/6/2007 21:19

SAGEM, the closing price in Canada was C$7.95. At todays exchange rate of 2.10705 that equals £3.77, which you can see is identical to todays close in London. I should think it will open at around £3.77 tomorrow unless there is news issued before the market opens.

[sagem] 12/6/2007 20:54

With the share price increase today plus well up in CANADA...any ideas what will happen tomorrow, will it rise further towards the £4.00 which could be what the company is worth. WILL WE BEAT A 25P RISE TOMORROW.

[liam1om] 12/6/2007 18:30

Good post papillon.

[papillon] 12/6/2007 17:44

liam1om, the "market" probably thinks that about £4 is what UMN is going to go for. Don't forget that though UMN was "cheaper than both of its peers, FSY and PDN, both on an asset and future PER valuation they have both dropped significantly in the last 4 weeks. FSY from around C$10 to C$6 and PDN from around C$10 to C$8 in that time. They are big drops in a short time span. Obviously the "market" thought the sp's were ahead of the game. It appears that the "market" had already priced in some bid premium already (it was an open secret that UMN was up for grabs) when the share price was over £3, otherwise I think we might have experienced some short term profit taking as experienced by the other 2 Namibian U3O8 producers and near term producers (PDN and FSY) However I think that the "market" is being too cautious and UMN will go for around £5 per share. Why? Well It looks like there could be at least 2, maybe more, companies interested in UMN (we know AREVA is and they have said other companies could also be interested). The UMN Directors appear to be keeping their options open so are probably hoping for a bid battle. That means the "winner" might pay a bit more than they expected. Lets hope so.
The Directors seem determined to "cash" in on UMN so I think it will definitely be sold; just have to wait for the price. In a few years time the UMN share price could be much higher if it stayed independent but the Directors probably feel a bird in the hand is worth 2 in the bush. However if there is no bid for the company I can see the share price going back to £2.70. Hopefully that won't happen, but that could be another reason why the "market" is currently cautious.

[liam1om] 12/6/2007 16:59

Your right, I would expect it to be quite a bit above the current price.

The only thing I find worrying is that the market hasnt really taken to the news in the way I thought it might. We will find out either way tomorrow.

[paddywak1967] 12/6/2007 16:50

I imagine that they're going to have to state the value that has been put on the approach. It's very interesting in that we already know that they are definitely talking to more than one party. Areva and the Chinese look like they will both bid. It'll come down to best and final offers which could be anything really but certainly way above the current share price