Uramin Share Discussion Threads

[simonbroughton] 14/6/2007 08:49

I think we are set for a long drawn out scenario here which will require patience for shareholders. It could be several months, at least, before we get any concrete news of a sale. The important thing is that the board get a good deal for us.

[papillon] 14/6/2007 08:32

Nobody on this bb knows that SAGEM. We will just have to be patient. share price will drift until we get news on bid.

[sagem] 14/6/2007 08:25

JUST when are we getting news

[sagem] 14/6/2007 07:17

UraMin Inc
14 June 2007


14 June 2007

UraMin Inc.
('UraMin or 'the Company')

Notification of 2007 Annual General Meeting ('AGM')


UraMin announces that on 14 June 2007 it will be posting to shareholders the
notice of the AGM of the Company to be held at The Peninsula New York, 700 Fifth
Avenue at 55th Street, New York NY10019, USA on 9 July 2007 at 2 pm (Eastern
Standard Time).

The Company also announces that the audited accounts for the year ended 31
December 2006 are being sent to shareholders at the same time.

Copies of the notice of AGM and the accounts will be available from the offices
of the Company's legal advisers Fasken Martineau Stringer Saul LLP, 17 Hanover
Square, London W1S 1HU and Heenan Blaikie LLP, Suite 2600, 200 Bay Street, South
Tower, Royal Bank Plaza, Toronto, Ontario, Canada M5J 2J4 for one month from the
date of posting.


For further information:

Neil Herbert, Finance Director
Kudzayi Denenga, Investor Relations
Tel: [phone]

Nominated Advisor
Canaccord Adams Limited
Robin Birchall
Tyler Broda
Tel: [phone]

Toronto
Steve Vaughan
Tel: [phone]


UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium. Following the private placement the Company
currently working capital of approximately US$285 million and a market
capitalization of approximately US$2 billion on an undiluted basis. UraMin
(www.uramin.com) is traded on the Alternative Investment Market of the London
Stock Exchange plc and the Toronto Stock Exchange under the symbol UMN.

UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licenses will be successful.


Forward-Looking Statements:

This press release contains statements that are 'forward-looking'. Generally,
the words 'expect,' 'intend,' 'estimate,' 'will' and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
'forward looking' statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.


Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.

[liam1om] 13/6/2007 21:45

Closed at equivalent to 3.63. mmmm tomorrow should be interesting.

Still no news...

[papillon] 13/6/2007 19:12

Currently equivalent to £3.61 in Canada.

[papillon] 13/6/2007 19:00

Exploration licenses, by themselves, are not worth a fortune SAGEM. PLUS MKTS quoted Yellowcake (YEL) recently signed a JV with Canadian company CanAlaska (TSE:CVV) to earn up to 60% of a prospect, in the very prospective Athabasca Basin, by spending less than £3 million over a 4 year period, as you well know. Hardly a fortune!! Its the large measured, indicated and inferred resources and the fact that it will soon start production that makes up the vast majority of UMN's value.

[pec2004] 13/6/2007 18:56

Lets hope we see an announcement to that effect.

[liam1om] 13/6/2007 18:54

Me too Sagem.

[sagem] 13/6/2007 18:53

TAKEN FROM CANADIAN BULLETIN BOARD ;-

Remember that Areva is not really in the business of selling uranium for a profit .The French nuclear company needs to guarantee fuel supply to customers. "Areva doesn't make money selling uranium, Areva makes money selling reactors. It's a competitive business, and I'm hearing that when tenders go out for new reactors, they want life-of-reactor fuel." said Cormark Securities Inc. analyst Justin Reid in Toronto yesterday.
So,this means they will not give top dollars for UMN.I think the basis will be a 2 billion purchase i.e around $9.3/sh.
Hardly worth it!
We shareholders need to rebel against this!
/////////////////////////////////////////////////////////////////////////////////
$9.3 canadian = £4.42p by my calculation I THINK I WOULD BE HAPPY.

[liam1om] 13/6/2007 18:49

Remember that Areva is not really in the business of selling uranium for a profit .The French nuclear company needs to guarantee fuel supply to customers. "Areva doesn't make money selling uranium, Areva makes money selling reactors. It's a competitive business, and I'm hearing that when tenders go out for new reactors, they want life-of-reactor fuel." said Cormark Securities Inc. analyst Justin Reid in Toronto yesterday.
So,this means they will not give top dollars for UMN.I think the basis will be a 2 billion purchase i.e around $9.3/sh.

[liam1om] 13/6/2007 18:44

Looking quite weak in Canada...

[sagem] 13/6/2007 16:40

Still buying in Canada with 220,293 bought against 152,625 sold. We should show a good increase again tomorrow if Canada keeps it up. My price suggestion is £5.00
URAMIN has huge Uranium potential and Licenses are worth a fortune, they will not sell OUR company under £5 and it could even be more.

[sagem] 13/6/2007 16:35

All those buys at the end of trading and the market makers put the share price down 7p Any suggestions why they would do that rather than put it up.
Are they getting ready for a big increase tomorrow.

[nielsc] 13/6/2007 16:34

Best to hold and see. A bid around £4 wouldn't seem outrageous. I really can't see it being much less than the current price. So it seems there is a lot more scope for upside than downside.

A counter bid really would be icing on the cake though!

Cheers,
Niels

[keston07] 13/6/2007 16:21

Do you think the deal is done ? Or has a counter offer been made ???

[marnewton] 13/6/2007 16:14

Harris Tweed - 12 Jun'07 - 14:45 - 2185 of 2225


Looks like we won't have too long to wait to find out more about the talks:



"We will be issuing another announcement in the next 24 hours," James Pitman, UraMin's Corporate Affairs, told Mineweb from Paris. "I am not at liberty to say anything at this stage."

[liam1om] 13/6/2007 16:10

Yes, that was from the Dow Jones Newswires I believe, quoting a direct source from the company.

[pec2004] 13/6/2007 16:01

Didn`t someone post yesterday stating an update within 24 hours.

[liam1om] 13/6/2007 15:55

Looks like we wont be seeing any news today then.

[marnewton] 13/6/2007 15:24

10 minute Candlestick chart...368/370p look like support.

M

[paddywak1967] 13/6/2007 14:53

RNS at 4pm a possibility???

[bangor] 13/6/2007 12:29

I sold the last of my shares for 378.5 (the others for 330) having bought for 145, 146 and 174. Been a great 6 months. For 2 reasons - to lock in the profit and because I think a general stocks' summer slump is due. I will look at getting back in later on. Great posters on this thread, and again thanks to Seagreen for his subtle championing early on of the share!

[marnewton] 13/6/2007 12:06

Cheers pp, simon...

Not much I can say about the charts at the moment, with news pending.

I'm assuming any comment today, because of the way it was flagged yesterday, will be positive.

All the best seagreen,

M

[seagreen] 13/6/2007 11:58

I think thats an oxymoron.........or summit anyway Son of Uramin