Share Name Share Symbol Market Type Share ISIN Share Description
Uranium Resources LSE:URA London Ordinary Share GB00BD2B4T80 ORD 0.15P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.465p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.45p 0.48p 0.465p 0.465p 0.465p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 0.0 -1.6 -0.2 - 3.52

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Date Time Title Posts
23/4/201815:42URA Holdings36
17/4/201819:18URANIUM RESOURCES PLC Really starting to move now.6,000
08/11/201316:56Uranium Resources - research shop1,471
03/4/201123:36Scally free URA thread14

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Uranium Daily Update: Uranium Resources is listed in the Industrial Metals sector of the London Stock Exchange with ticker URA. The last closing price for Uranium was 0.47p.
Uranium Resources has a 4 week average price of 0.43p and a 12 week average price of 0.43p.
The 1 year high share price is 0.75p while the 1 year low share price is currently 0.07p.
There are currently 757,632,495 shares in issue and the average daily traded volume is 1,453,551 shares. The market capitalisation of Uranium Resources is £3,522,991.10.
sideshowbull: Estes keeping the lights on
sideshowbull: I have always seen this RNS as a great positive, even though it was 6 years ago: He wanted the shares in the divorce, no dog, no speedboat, no Toby jug! I have been here as long as him. Our time coming? In my own opinion as I don't know what is coming. BWTFIK.
sideshowbull: Lol, in your face real! What are the chances!!
sideshowbull: Our Russian lady has started selling noooooooooooooo
sideshowbull: I have had a few emails etc. asking me what do I think. TBH I don't know. Positives: The U price is set to rise. Demand will increase. Supply is not going to cover the increase in demand. We have a world class asset. Cons: We need more funds to increase the jorc to facilitate proof of concept and mine feasibility. Which means fundraising or Joint venture, which will mean dilution. Facts: No share price goes straight up and pullbacks are going to happen. Traders who bought in at lows are going to take profits. Herd traders get bored quickly and will go onto the next new thing if they see the share price not moving. We could get an RNS that indicates JV etc. which will make this share price look very cheap. I would also advise reading through the end of years accounts in full. BWTFDIK sideshow
sideshowbull: Pretty positive statement by Alex, only the licence renewal a worry. May take a few more.. hmm
sideshowbull: Live another day.
topinfo: Given increasing interest in the uranium market as reactors restart in Japan and utilities companies start snapping up the energy source, Uranium Investing News took a look at the top three year-to-date performances from mid-tier and junior uranium companies. Uranium was at US$28 a pound in the summer, with companies concerned about the long-term future of the mineral. Since then, it’s seen nothing short of a meteoric rise, with prices as of Monday holding at the $40 range. David Talbot, an analyst with Dundee Capital Research, highlighted that what’s spurring that movement is the fact that several long-term uranium supply contracts are coming to an end, meaning utilities companies are back on the hunt for a steady source of uranium. That news has been boosted by news of Japanese reactor restarts. Three companies have not only survived the turbulent market, but flourished through it. NexGen Energy (TSXV:NXE), Energy Fuels (TSX:EFR) and Anfield Resources (TSXV:ARY) have all seen share price increases of more than 40 percent year-to-date. Companies on the podium NexGen Energy saw its share price increase roughly 49 percent as it had a busy year both at its project and in the courtroom. The initial spike in its share price came in February when it started drilling at the Arrow target on its Rook 1 project in the Athabasca Basin. Since then, the company has reported drilling results seemingly every couple of months. In August it reported 3.42 percent U3O8 at 22.35 meters and 15.74 percent U3O8 at 4.5 meters at Arrow. The company also had a lawsuit filed by Alpha Exploration (TSXV:AEX) dismissed by the Supreme Court of British Columbia. Alpha had filed the lawsuit against both NexGen and Garrett Ainsworth — a former Alpha employee who left the company to become NexGen’s vice president of exploration and development — in July. The case was eventually dismissed in October, providing peace of mind for investors. Energy Fuels was a close second with a 46-percent share price increase this year-to-date. A spike in March gave hope for investors, with the company’s share price reaching a high of $12.85 before regressing. It now sits comfortably in the $8 to $9 range. The company’s sale of its Pinon Ridge mill license and other assets has helped it improve its cash position. “I believe that the operational strategy we adopted two years ago, which included tailoring our uranium production levels to meet our long-term sales contract requirements, focusing on our lower cost sources of production, driving G&A cost reductions and completing non-core asset sales, has proven to be a very prudent strategy and has been well-executed by our team,” said Stephen Antony, president and CEO of Energy Fuels, in a release on November 12. Furthermore, long-term contracts helped the company stay strong during the uranium spot price plunge this summer. Rounding out the top three is Anfield Resources, a junior uranium company with projects scattered across Arizona, Colorado, South Dakota and Utah. The company is up 44 percent for the year, having bought the Shootaring Canyon mill in Utah in August. It is one of three licensed conventional uranium mills in the United States. The mill has an acid-leach facility licensed to produced up to 750 tons of ore a day. What does the future hold? A variety of companies have spoken of the collective belief that the uranium market is set to improve over the coming years. While companies obviously have a vested interest, analysts have also echoed those claims. With uranium prices seemingly set to go rise further, the future looks bright for the uranium industry.
ricki: Uranium Resources: The Right Projects, the Right Area, the Right Time? By Jackie Steinitz 28 Feb 2007 at 12:37 PM GMT-05:00 LONDON ( -- Uranium Resources plc [AIM:URA] was established in 2005 to acquire a portfolio of uranium assets in order to take advantage of the rising demand for uranium. Since then it has acquired a share in 8 prospecting licences in Tanzania with a collective area of 7,000 square kilometres, which makes its land package somewhat larger than some American states; (think Delaware for example, which has an area of 6,450 square kilometres). It also has applications in the pipeline for two further licences covering 6,000 square kilometres. In its investor presentation, URA claims to hold "the right projects, the right area, the right time"; a bold assertion but one for which a case can be presented. Certainly for the moment the market seem to be in implicit agreement; at today's level of 6 pence the share price has almost quintupled in four months from its low of 1.25 pence in October 2006. Before looking at URA's claim in more detail a step back might be in order. Is uranium the right commodity? The Right Commodity? With the uranium price now at $85/lb, up $10 in a week, it seems an apposite time for bold claims about the commodity. This is the largest single increase since prices were first published in 1968, and there have been a number of articles and projections in Resource Investor and elsewhere predicting more increases to come. For example the recent RI article, "BMO Forecasts Continued Uptrend in Uranium," cites some compelling statistics: World consumption of uranium concentrate is currently 180 million pounds which outpaces annual production of 100 million pounds .... and the shortage is expected to get worse. At the moment the shortfall is being met from government stockpiles which are rapidly dwindling. There are currently 442 nuclear plants operating worldwide. A further 29 are under construction and over 100 more are in the planning stages. Industry consultants Trade Tech are also very bullish, commenting on their website this week that, "While the year 2006 was unprecedented in terms of spot uranium price increases, with the spot U3O8 price almost doubling over the course of the year, the year 2007 may well eclipse the extraordinary price increases witnessed last year." In short, fundamentals for uranium look highly promising. Supply is constrained while demand is already some 65%-80% above primary supply. Demand growth for nuclear power is likely to rise on increasing fears about global warming, security of energy supplies and rising fossil fuel prices. Meanwhile the metal is relatively price inelastic; demand is broadly unaffected by price, as the cost of the required uranium for the reactors is low relative to the capital cost. Uranium could well indeed be the right commodity. Back then to URA and its Tanzanian projects. The Right Area? The Right Time? Tanzania is geologically well endowed, with deposits of gold, base and ferrous metals, diamonds, gemstones, coal and a number of minerals such as phosphates, gypsum and kaolin. However during Julius Nyerere's presidency from independence in 1964 until his resignation in 1985 the country was run under a system of African socialism, self-reliance and ujamaa, a policy involving a return to traditional African family life. During this period foreign investors largely withdrew from mining; the sector declined to just 0.8% of GDP. Since liberalisation in 1986 the country has opened up, welcomed foreign investors and Tanzania now offers a number of advantages for mining. It is a politically stable multi-party democracy, nationals speak just one language (Swahili), there is a strong and transparent mining code, and a favourable tax regime. Foreign investment in the mining sector over the last 10 years has totalled $2.5 billion; gold has boomed with production up from 6,000 kilograms ten years ago to more than 45,000 kilograms in 2005. Mining now accounts for 2.7% of GDP and is projected to account for 10% by 2025. It is recognised as an important prop by the government both for economic growth and in the war against poverty. Tanzania now hosts a number of majors including Barrick [NYSE:ABX; TSX:ABX], Anglogold Ashanti [NYSE:AU] and De Beers, together with Australian gold miner Resolute Mining [ASX:RSG]. Despite the favourable geology there has been no uranium mining to date in Tanzania and uranium exploration in the country has only just begun to scratch the surface. There was some reconnaissance exploration conducted by the German company Uranerzbergbau from 1978-82, at the end of the last peak in uranium prices, who identified the area as highly prospective for uranium. Work was only resumed again in the last few years and today there are just a handful of uranium explorers in the country; besides URA and its JV partner Western Metals Ltd [ASX:WMT] these include Uranex [ASX:UNX] and Mantra Resources [ASX:MRU]. Paladin's [TSX:PDN; ASX:PDN] Kayelekera project lies just over the border in Malawi some 150km west of URA's projects but in a similar geological setting. Following completion of the bankable feasibility study Paladin recently announced its decision to proceed with developing a mine with an annual production of 3.3 million pounds of U3O8. The low level of uranium exploration in Tanzania is illustrated by figures in a press release by Western Metals which quoted that uranium exploration expenditure in Tanzania has averaged $4 per square kilometre compared with $16 in Western Africa and $224 in the U.S. The Right Projects? URA's eight projects are located in rural forested areas in three clusters in central and southern Tanzania, areas which are also used for hunting. The projects, which lie between about 5 and 12 degrees south of the equator, have a tropical climate. Water is abundant - which, of course, offers huge advantages for uranium mining, but exploration work has to stop during the rainy season from November to March. The biggest issue is access; permission has to be obtained for roads and trees to be cleared. The projects are held in two partnership arrangements: URA has signed a farm in agreement for five of the licences whereby their partner Western Metals can earn 40% by spending A$2 million (US$1.6 million) in 2 years, and a further 20% by spending another A$2 million. URA has a free carry. The remaining 3 licences and 2 pending applications are held in a 42.5% JV with Western Metals (also 42.5%) and a local businessman (15%). Again Western Metals conduct all the exploration. Recent exploration results have been favourable. At Mtonya several anomalies have been identified along a 7km strike and assay results from grab samples have yielded high grade uranium; in the best case it was 55,600 parts per million (5.56%). More representative are the results from the channel samples which in the majority of cases ranged from 0.1%-2.2% uranium. Results from the recent programme have significantly enhanced URA's understanding of the target size and location of the sandstone hosted roll front style uranium mineralization. This has enabled a geological model to be developed which will be tested by the drilling programme in June. The Right People? The management team have extensive experience in Africa and in uranium. Director James Pratt is a Swahili-speaking geologist with 18 years experience in the industry including 3 years as Chief Mine Geologist for Resolute's Golden Pride mine in Tanzania (the first modern mine in the country). He was also formerly MD of the Australian uranium exploration company Deep Yellow Ltd [ASX:DYL]. Fellow director Ross Warner is a lawyer who has specialised in corporate finance and listed seven companies on AIM. Technical consultant Dr Joe Drake-Brockman has more than 20 years experience in uranium exploration in Australia and Tanzania. He participated in the original uranium exploration in Tanzania in the late 1970s. Next steps The next field season begins in April after the rains. URA/Western Metals intend to hit the ground running with a busy schedule of further trenching work, airborne and ground radiometric studies and preparation work for drilling. Drilling itself will begin in June; URA hopes to have first results within a month and to follow these up with two further rounds of drilling with the aim of defining a JORC resource by the end of 2007. If all goes according to plan this will allow a BFS to be conducted next year. In addition to the work on existing projects URA will progress its existing licence applications and will seek to evaluate potential opportunities to acquire further prospective land packages. URA currently hold cash of £2.5 million (almost $5 million). The burn rate is relatively low as URA is free carried by Western Metals on five of the licences under the farm in arrangements so the cash should last for some time. Valuation URA is currently valued at £16.7 million (US$33 million). Key shareholders include Geiger Counter Ltd [LSE:GCL], Teather & Greenwood, and Patersons. URA is considering a listing on the ASX to promote additional interest and liquidity and to derive a valuations relative to the Australian uranium stocks. So, do URA holds the right assets in the right area at the right time? It is early days yet, and investors may wish to heed yesterday's RI article "Uranium Explorer Valuations Running Way Ahead of Progress" and note also the impact of the rainy season on progress and the dilution of URA's holding by the various partnership arrangements. Nonetheless it would seem that URA is exploring for a commodity with rising demand, constrained supply, falling inventories and a projected supply shortfall. They are offering a very significant land holding in a highly prospective but barely explored area in a stable country with a favourable mining code. They have early mover advantage. Early results have demonstrated high grades near the surface, URA has a rapid development plan, a partner to conduct the exploration work, considerable upside potential and there is the prospect of news flow in the months to come.
Uranium share price data is direct from the London Stock Exchange
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