Uranium Share Discussion Threads

[its a worry] 24/11/2016 10:54

Thanks for keeping us up to speed Sideshow . . . . interesting reading . . i also see Fukishima has ongoing trouble. . . . the whole world seems on a pivotal turning point regarding its energy supplies . . .

[sideshowbull] 23/11/2016 17:46

I think they are underestimating demand, I predict way higher U308 price next year.

With all oversold coms, when it turns it turns sharply.

BWTFDIK

[sideshowbull] 23/11/2016 08:18

500K offer at 0.35p

[gardenarc] 22/11/2016 08:41

Lets hope you are right on the impairment charge side.

[sideshowbull] 22/11/2016 08:18

Tick up coming no shares FOK only

[sideshowbull] 22/11/2016 08:08

Max offer is 150k @ 0.299p or £493 worth.

[sideshowbull] 22/11/2016 07:33

I looked through the accounts in more detail and note that they have declared a impairment loss of $15m - now that is a tax break on any future earnings and may be attractive to a future partner to reverse into URA.

Pure spec on my part.

[sideshowbull] 21/11/2016 15:53

LOL now max offer is 100k

[sideshowbull] 21/11/2016 15:48

There you go cut limits to max 250k on a piddly little 60k buy.

[sideshowbull] 21/11/2016 14:20

Inevitable unfortunately. A farm out for percentage would be the best for all IMO, say we keep 30% for a free carry to mine.
Alex said he needs about $10m to take the resource Jorc past 25mlbs.

[gardenarc] 21/11/2016 13:58

Yes I know all that side but ura will still need to raise more funds.

[sideshowbull] 21/11/2016 13:18

" The Directors remain confident that Mtonya's potential, together with the Group's historic track record of raising additional funds and the interest being shown from potential partners, will enable the Group to fully finance its obligations beyond a period of at least twelve months from the date of this report, including meeting future capital and working capital requirements and also settling the Estes loan facilities, which are due for repayment in full on 31 January 2017. Estes remains very supportive of the Company and acknowledges the challenges that continue to impact the market for uranium exploration and may consider extending its outstanding loans on an ongoing basis while the Company continues its discussions with potential strategic partners and seeks additional sources of finance."

[sideshowbull] 21/11/2016 13:12

What do you mean Garden? Dilution by placing?

[gardenarc] 21/11/2016 13:08

The only point I find worrying is the percentage of our holding is going less and less..

[sideshowbull] 21/11/2016 13:02

Pretty positive statement by Alex, only the licence renewal a worry. May take a few more.. hmm

[sideshowbull] 21/11/2016 09:43

It's actually really positive for us. Think mkt will sniff this , was wondering why the buying last week.

[the reverend david] 21/11/2016 09:21

Hi Side
Good find .Possibly something Alex would be interested in?
AGM just a couple of weeks away now,anyone going?

[sideshowbull] 21/11/2016 08:11

Found in the Citizen out of Tanzania! Very very interesting, seen as their find touches ours and theirs is NOT INSITU RECOVERY and ours IS!!

The Citizen, Dar es Salaam
Thursday, October 20, 2016
Uranium One to use latest technology at Mkuju River
The Uranium One Vice President and chief operations officer, Mr Andrey Shutov speaks in Dar es Salaam
yesterday. With him is the Vice President for International Development for Uranium One ‐ a subsidiary of
Russia’s state‐owned Rosatom ‐ Mr Vladmir Hlavinka (centre) and the Mantra Tanzania managing director, Mr
Fredrick Kibodya. PHOTO|SAMUEL KAMNDAYA
      In Summary
  * Uranium One’s vice president and chief operations officer Andrey Shutov said in Dar es Salaam yesterday that the
company is deploying  ;an in‐situ recovery (ISR) technology in the endeavours to ensure that extraction of the radioactive
metals is undertaken in the most possible environmentally̴8;friendly process.
By Samuel Kamndaya @TheCitizenTz [e-mail]
Dar es Salaam. Mantra Tanzania Limited – a subsidiary of Uranium One Holdings and which owns the Mkuju
River Project at Namtumbo in Ruvuma Region – is deploying the latest technology as it plans to start mining
the silvery‐white metal in the country within two years.
Uranium One’s vice president and chief operations officer Andrey Shutov said in Dar es Salaam yesterday that
the company is deploying an in‐situ recovery (ISR) technology in the endeavours to ensure that extraction of
the radioactive metals is undertaken in the most possible environmentally̴8;friendly process.
“The initial production stages would start in two to three years from now…..Initially, the plan was to deploy an
open‐pit mine but about two years ago, we decided to go for the ISR,” said Mr Shutov who was accompanied
by the vice president of International Development for Uranium One ‐ which is a subsidiary of Rosatom ‐ Mr
Vladmir Hlavinka and Mantra Tanzania’s managing director Fredrick Kibodya.
Rosatom is Russia’s national nuclear corporation which boasts 70 years of experience in the nuclear field. In
January 2013, Rosatom bought Uranium One thus turning it (Uranium One) into a wholly‐owned enterprise
the Russian government.
Also known as In‐situ leaching, the ISR or solution mining is basically used to recover minerals like copper and
uranium through bore holes drilled into a deposit as opposed to the traditional open‐pit and
underground mining.
“It is a progressive safe method mining process where liquids are used to recover minerals from the ground. It
doesn’t require breaking the ground to extract uranium underground so it is the most environmentally friendly
system compared to open‐pit and underground mining,” said Mr Shutov.
Uranium One is using a similar technology in its mining operations at its six projects in Kazakhstan as well as at
its Willow Creek in the United States of America.
According to Mr Hlavinka, Mantra is Uranium One’s key project in Africa, noting however that the company
also has operations in Ghana, Kenya, Zambia, Nigeria and South Africa.
“Mkuju River is on top ten in terms of uranium deposits in Africa. Over $200 million (over Sh440 billion) has
already been invested into the project so far. Development of the project, using the ISR technology will turn
Tanzania into a leader in uranium mining technologies in Africa,” he said.
Speaking on the benefits of the project, Mr Kibodya said apart from creating up to 1,600 jobs during certain
stages of the development of the mine, the venture is also supporting conservation of wildlife within the
Selous Game Reserve where it is located.
SRC:
River/1840414‐3423476‐ms8vmi/index.html
   
The Guardian, Dar es Salaam,  October 31, 2016
Rosatom’s uranium mining division, Uranium One which is undertaking Mkuju River uranium mining project,
said the memorandum of understanding with TAEC is part of the overall deal.
Uranium One’s Vice President for International Development, Andrey Shutov and a Senior Executive at the
company, Vladmir Hlavinka said experts are in final stages of preparing the MoU which will allow the Russian
firm to build the reactor for research purposes to build capacity of local scientists.
“As to when will Tanzania have a nuclear power plant, that’s up to the government to decide,” Shutov said
pointing out that investing in nuclear energy is a long and expensive process. He assured the public and
environmental activists opposed to the Mkuju project, that the company will use modern technology in
extracting the mineral to check against degradation.
“We are already testing this technology at Mkuju and results should be ready in the next two years,” Shutov
noted.
The In‐Situ Recovery (ISR) is a technology where holes are drilled on the ground and minerals are extracted
using liquids. Currently, over 50 percent of the world’s uranium is extracted using ISR technology. Uranium
One is already using ISR technology on its mines in the US and Kazakhstan.
Clarifying on when will Mkuju mine start commercial production, Hlavinka said trial production using ISR
technology will start in the next two to three years. “Of course it's going to be the initial stage of production,
the pilot stage. We believe that we will go the traditional way ‐ trial plant first, the first product we believe we
will get in 2‐3 years is going to be from the trial plant,” Hlavinka stressed.
Uranium One acquire Australia's Mantra Resources Limited in a deal worth about US$1.15 billion in 2010 and
both companies are involved in Mkuju mining project. Rosatom is the world’s largest nuclear company with 70
years of experience and controls 36 percent of global enriched uranium market.   
Rosatom, TAEC research reactor deal to be signed soon.
SRC:

[sideshowbull] 21/11/2016 08:05

Seen a lot of U308 news over weekend. Definitely getting hot. And did I find a massive piece. First post from times and then....

Check how they used our chart! lol

[sideshowbull] 14/11/2016 17:16

Welcome aboard bottom fishers lol.

[gardenarc] 14/11/2016 17:05

Umm bottom fishing..

[sideshowbull] 14/11/2016 16:32

Buys out of the blue today, must be bottom fishing as there will be absolutely nothing happening until U308 goes above $50.

BWTFDIK
sideshow