Uranium Share Discussion Threads

[muto] 28/3/2014 12:15

Is garderarc making tea, as I think something is brewing ;-))

[sideshowbull] 27/3/2014 16:13

Wake up mms real offer has been 1.15 all day.

[borisjohnsonshair] 24/3/2014 11:16

This is a class act. They had done nothing for several months before they released their pitiful maiden resource. That was 11 months ago. So its fair to say they (the management / board) have done NOTHING for 1.5 years. They have already "borrowed" 1US$ and spent it on NOTHING! They are not drilling, not planning and have no results due. So today they borrow another US$300,000 for what.......FXXXKING GREAT WORK IF YOU CAN GET IT.

This will leave them US$1.3M in debt. With no money to buy anything, no money to explore.

[howdlep] 24/3/2014 07:28

Good RNS. Working capital secured for completion of work programme. Now we just have to wait for that increased resource estimate and further confirmation re in situ recovery. Estes like us pi's want to realise value so will continue to be very supportive.


Loan Agreement

RNS


RNS Number : 9478C

Uranium Resources PLC

24 March 2014




Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration

24 March 2014

Uranium Resources plc ('Uranium Resources') or ('the Company')

Loan Agreement



Uranium Resources plc, the AIM-listed uranium exploration and development company in Tanzania, is pleased to announce that it has entered into a further US$300,000 loan facility agreement ('the Loan') with its major shareholder and strategic investor Estes Limited ('Estes'). The Loan, which is unsecured, is available for the period to 1 January 2015 and bears interest at LIBOR, will be used to fund working capital requirements.



The Loan is in addition to the US$1 million facility previously entered in to and announced on 26 March 2013. This 2013 facility has been fully drawn down.



URA's Managing Director, Alex Gostevskikh, said, "As we are finalising the 2014 exploration programme that is targeting to expand the maiden resource of our flagship Mtonya uranium project, we are pleased to have the continued support from Estes. With a maiden resource based on less than 10% of the prospective ground on the Mtonya illustrating significant upside potential, and proof-of-concept mineralogy studies completed, we believe we have a regional mineralised roll-front feature that can be developed through in-situ recovery, the most cost-effective and environmentally acceptable method of uranium extraction. These funds will be conservatively used for the Company's operating and tenure expenditures as we examine strategic options to advance Mtonya."



As a substantial shareholder, Estes is a related party of the Company and receipt of the Loan constitutes a related party transaction as defined by Rule 13 of the AIM Rules for Companies. The independent directors (being Alex Gostevskikh, Andrew Lewis, James Pratt and Ross Warner), having consulted with Northland Capital Partners Limited, the Company's nominated adviser, consider that the terms of the Loan are fair and reasonable in so far as the Company's shareholders are concerned.



About Uranium Resources

Uranium Resources plc is an AIM listed exploration and development company which is focusing on its Mtonya flagship project which has a maiden inferred resource of 3.6 Mt ore containing 2 Mlb U3O8 grading 255 ppm U3O8. The resource is expected to be amenable to in-situ recovery, the most cost-effective and environmentally acceptable method of uranium extraction. The Company's strategy comprises advancing its existing assets and strengthening its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo basins in southern Tanzania.

[borisjohnsonshair] 18/3/2014 11:56

There you go. A 1500 quid sale and this pile of dung drops 10%.....that's the good old URA I know......as I said at the start of the year.....it wont exist at the end of 2014......

[sideshowbull] 17/3/2014 15:38

Few got bored today by the looks:
Limits offer 250k 1.27p bid 100k @1.15p

[sideshowbull] 14/3/2014 09:40

Looks like a few of you are trying to drop the offer by trickle trading - You may want to check limits first next time before wasting your time, 1mil bid 1.26p

[chrismez] 13/3/2014 21:53

Dobbin - so your pedigree comes from investing in a company you can't remember the name of ! Likely it was not a minnow Uranium company that has gifted the Ruskies 57% of the ISC as well as taking on a loan that effectively represents another 20% of the Mkt Cap - didnt know Jim Slater invested in basket cases like that !! But hey you're a pro-trader and obviously know what you're talking about especially if the subject is Garbage. Move along there son .

[howdlep] 13/3/2014 10:35

indeed they do. Another little tickup, just waiting for that 1.5p break and volume and momentum to pickup

[sideshowbull] 13/3/2014 09:55

Very well bid! They want your shares

[sideshowbull] 12/3/2014 07:30

Chart looking good with the W still intact

[sideshowbull] 12/3/2014 07:29

In situ recovery is the only method of extraction currently (with low U308 prices) that is viable, and URA have this recovery model. There are no open pit Uranium mines currently operating in USA only In Situ Recovery.

[tebbin] 11/3/2014 13:41

You must spend your time there all the time....

Now you have learn't to swear they will move you to a class with the big boys...

You also need to learn to read properly I didn;t mention money...

As somebody who has worked in a money environment most of their life,

I am quite able to make an assessment of a companies accounts...

As for beginner, my first share I purchased was for a company Slater Walker,

which was owned by Jim Slater..

The more experienced P/I's here will know of this Co.

So take your own advice and toddle off !...

[tebbin] 11/3/2014 09:59

When you look at the Redox Corridor in the headings above, and you see that

they are only beginning to reveal what a great resource this licence will be.

The price for uranium is being forecasted to move up in the future.

Especially as Japan in the future reverses some of their decisions on nuclear

energy..

All in all URA seem to have work to do, but have a very bright future....

[tebbin] 11/3/2014 09:59

.... ,, ,, ...

[gardenarc] 10/3/2014 19:33

Interesting post howdlep

[tebbin] 10/3/2014 08:06

Idiot returning with " I know what is wrong here "

What a Wally !...

If you had any experience of the AIM Market you would know

There are many factors involved in any movement....

Go back under your rock with the rest of the slime....

[tebbin] 10/3/2014 08:06

,, ,, ,,

[howdlep] 09/3/2014 10:16

for those pi's new to this bb, it is well work reading the Uranium Letter International buy note for URA, which has an initial 2.5p target:-

[sideshowbull] 09/3/2014 08:56

IN SITU RECOVERY EXPLAINED.