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URU Uru Metals Limited

135.00
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Uru Metals Limited LSE:URU London Ordinary Share VGG930042012 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 135.00 779 07:48:55
Bid Price Offer Price High Price Low Price Open Price
110.00 160.00 135.00 135.00 135.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
11:27:24 O 351 141.00 GBX

Uru Metals (URU) Latest News

Uru Metals (URU) Discussions and Chat

Uru Metals Forums and Chat

Date Time Title Posts
27/8/202423:02URU Metals - Uranium & Nickel exploration in Africa2,984
19/7/201916:19URU the value in the ground14
20/2/201611:32Has this company-
19/10/201517:14URU Metals - Is the tide turning?16
20/7/201505:28URU Metals - Is the tide turning?58

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Uru Metals (URU) Most Recent Trades

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Uru Metals (URU) Top Chat Posts

Top Posts
Posted at 27/8/2024 07:24 by citys2874
good weekend media coverage for URU
Posted at 29/12/2023 13:35 by triskelion
Cash and cash equivalents down to US$383,000.
One increasingly wonders what the point if any of URU's ongoing existence might be, never mind the costs of maintaining its AIM "listing".
Without doing a deep dive, one wonders if it should transfer its subsidiary's holding of ZEB Nickel Corp. to URU shareholders in return for cancelling members' shareholdings in URU.
"URU’s continuing role as the technical operator of the Project" - presumably at least in theory could be transferred to ZEB Nickel Corp...?
ZEB Nickel Corp. is listed on the Toronto Stock Exchange so presumably can be dealt on the usual UK retail investor platforms and regulatory environment much the same as AIM? zebnickel.com
Posted at 11/5/2023 16:26 by hedgehog 100
02/05/2023 11:14 Alliance News Alliance NewsIN BRIEF: Seed Capital hires Uru Metals CEO John Zorbas as CEO LSE:SCSP Seed Capital Solutions Plc
02/05/2023 07:30 UK Regulatory (RNS & others) Seed Capital Solutions PLC Board Changes LSE:SCSP Seed Capital Solutions Plc

"Seed Capital Solutions plc (LON: SCSP), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce the appointment of John Zorbas ("John") as Chief Executive Officer ("CEO").

John Zorbas, aged 52 has over 15 years of experience in global equity markets in an executive role. He is CEO of AIM listed URU Metals Ltd (AIM: URU), a position he has held since 2014. Since 2021 John has been working in the ESG space as a Non-Executive Director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp. Mr Zorbas will take up his position as CEO of Seed Capital Solutions Plc with immediate effect.

Incoming CEO John Zorbas commented: "I am delighted to join the Seed Capital Solutions Board at the start of a game changing investment journey. More than ever the world needs sustainable solutions to societal problems, and this is a factor that investors have become increasingly aware of."

"ESG solutions need support and investment more than ever before, and I look forward to seeking out innovative companies with the requisite credentials to accelerate our growth as a UK listed company."

Chairman Damion Greef commented: "I am pleased and excited to have John Zorbas join us as CEO of Seed Capital Solutions Plc. John has a global mindset and longstanding experience of multiple financial markets and is also an experienced investor in ESG opportunities. We look forward to bringing this experience to bear as we assess acquisition targets."

The Company also announces that Non-Executive Director Derek Ward will be stepping down. The Board would like to thank Derek for his efforts in bringing Seed Capital Solutions to market and wish him well for the future."
Posted at 17/2/2023 16:42 by bozzy_s
There you go again. They've put in a closing trade at 144p, so these'll open 'up' 56p on Monday.

Definitely someone making an effort to get these on the leaderboard every day. Someone who's happy to sell at 150p or 144p in order to fix the closing price.

Edit - quick bit of research. In order to take part in the auction process, you need Direct Market Access (DMA), and the stock needs to be SETS traded. DMA is usually used by high net worth individuals, and institutions.

So whoever is manipulating the closing price of URU isn't a small-time trader. They're happy to sell to someone at 144p and 150p, in order to put URU on the winner's list next day.

Anyone with DMA can put in a buy order at 150p in the closing auction, to buy stock from this large seller.
Posted at 17/2/2023 16:21 by bozzy_s
It's someone manipulating the closing share price, in order to put URU on the leaderboard next day.

Example: All day the spread is 150-250. So the price is 200. At the end of day auction, someone makes a trade at 150, which becomes the closing price. It's the final UT trade which determines the closing share price - look at the past few days' trades.

Next day, the shares open at 150-250, therefore apparently up 50 from the previous day's close of 150.

It's smoke and mirrors.

My guess is someone's trying to drum up interest in order to sell their shares. Someone with access to the closing auction, so therefore probably a decent sized position.
Posted at 12/2/2023 19:46 by 888icb
ZBNI was Up 28.23% on Friday and has a market cap of CAD 13.72 million, which is £8.49 million. So URU’s 75% of ZBNI is valued at £6.36 million which is 2.5x URU’s current market cap of £2.47 million. URU looks due for a rerate to reflect the increasing value of its principal asset.
Posted at 06/2/2023 11:02 by 888icb
URU is currently Up 33% and top of the Leaderboard on very low volume and a very large spread. The move presumably relates to its largest investment ZEB Nickel moving Up 18.92% on Friday. It will be interesting to see if ZEB Nickel is going to have some good news in the near future.
Posted at 09/3/2022 10:15 by hedgehog 100
The mining sector is very cyclical, and when metals rices are depressed, a lower grade, high volume resource may not be profitable. Even the best management will struggle to move such a project forward in that environment.

But the nickel price has more than quadrupled in the last six years, which is all the difference in the world.

A rising nickel price completely transforms the economics of a project like URU's.

I could give you examples of mining stocks that have disappointed for many years, but have then gone on to hundred-bag.


Current nickel price: US$42,995.00/tonne. = US$19.5/lb.

URU's 2012 PEA reported that the Zeb Nickel Project would be nicely profitable at nickel prices of well under half that level, with a NPV of over a billion dollars:

07/06/2012 08:18 UK Regulatory (RNS & others) Preliminary Economic Assessment LSE:URU Uru Metals Limited

"URU receives positive NI 43-101-compliant Preliminary Economic Assessment of

the Zebediela Project, South African Nickel Joint Venture

Highlights

-- The Preliminary Economic Assessment (PEA) of the Zebediela Project projects a pre-tax and pre-royalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate.

-- Indicated resources stand at 485.4 million tonnes at a grade of 0.245% Ni with additional inferred resources of 1,115.1 million tonnes at a grade of 0.248% Ni.

-- Using indicated resources only, a proposed open-pit mine is envisioned with a 25 year mine life producing 56,600,000 lbs of recoverable nickel per annum.

-- The project is projected to a lowest-quartile cost nickel producer.

-- Substantial opportunities are available to the South African Nickel Joint Venture (SAN JV) to increase the project value through resource accretion and the addition of a magnetite concentrate revenue stream.

Commenting on the nickel joint venture PEA, Paul Loudon, Non-Executive Chairman of URU Metals, said: "The PEA indicates significant value accretion from URU's investment in the SAN JV. With expenditures of approximately $4.2 million to date, the Joint Venture has defined a large low-cost open pit disseminated sulphide nickel resource at Zebediela that has excellent economic and growth potential." ...

Zebediela Nickel Project

The Zebediela Nickel Project is located in the Limpopo Province of South Africa close to the platinum mining town of Mokopane, very close to existing rail, highway, and electrical power infrastructure.

The PEA validates the Zebediela Nickel Project as a large disseminated sulphide resource with mining engineering aspects similar to typical porphyry copper deposits in terms of size and grade. The NI 43-101-compliant PEA outlined indicated resources of 485.4 million tonnes averaging 0.245% nickel, and additional inferred resources of 1,115.1 million tonnes of 0.248% nickel. The Zebediela Project also contains significant iron minerals in the form of magnetite that is also being investigated as a potential by-product. ...

The PEA projects a pre-tax and pre-royalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate using a nickel price of $8.50/lb and a ZAR/USD ratio of 8.1. Annual cash flow is project to be $203 million. ..."
Posted at 09/3/2022 09:33 by hedgehog 100
Terminator,

URU should be viewed as indirect investment in Zeb Nickel Corp., which in effect it is, at a big discount.

And URU's John Zorbas is just the seventh of Zeb's listed directors on its website, let alone being the CEO or Chairman.

So John Zorbas certainly isn't at the helm of Zeb Nickel Corp.

In fact, he is the only one of the seven Zeb Nickel directors for whom the "Read More" option doesn't bring up any more info.:


It looks to me like his only reason for being a Zeb Nickel director is as the representative of its currently largest shareholder (i.e. URU).

So there's no reason to think that he will have any active executive role in the company.

And because Zeb Nickel Corp. is a new company, it won't have any toxic legacy of embittered shareholders who have lost money.


With regard to URU itself: yes, the share price has fallen a long way over the long term, but that can be a sign or tremendous inherent value, with the sums previously invested not reflected in the current value.

If you remain fixated on the rear view mirror, that can blind you to the opportunity going forward.

I note though from the long term URU chart that it has actually had periods of very good performance, when markets have been favourable:
1. From late 2008 to late 2009, URU 8-bagged.
2. From mid 2016 to early 2017, URU 10-bagged.

Timing is all-important in mining investment.

URU has multibgged before in good market conditions, despite the involvement of JZ, so why shouldn't it do so again?
Posted at 02/3/2022 14:46 by hedgehog 100
19/01/2022 07:55 UK Regulatory (RNS & others) URU Metals Limited Zeb Nickel Corp. announces trading on OTCQB LSE:URU Uru Metals Limited

"URU Metals Limited (AIM: URU) is pleased to announce that ZEB Nickel Corp. has received final approval from the OTC Markets Group to begin trading on the OTCQB market under the ticker symbol "ZBNIF" at market open on January 19, 2022. The Company through its 74.82% interest in Zeb Nickel Corp remains the primary focus of URU. Trading on the OTCQB Market is a positive step forward for both the Zeb Nickel Corp and its shareholders, allowing Zeb Nickel Corp to now have access to the United States investment community, through its new U.S. listing on the OTCQB. With the support of the OTC Markets Group, the company expects to be able to continue to advance the company within the U.S. investment community.

The OTCQB is the premier venture marketplace for developing junior resource companies in the United States with its commitment to providing a high-quality trading platform for U.S. investors.

To be eligible, companies must meet high financial standards, including being current in their financial reporting, follow best practices corporate governance, have professional third-party sponsor introduction, demonstrate compliance with U.S. securities laws, and undergo an annual verification and management certification process. The OTCQB is recognized by the Securities and Exchange Commission as an established public market that provides current public information to investors the need to analyze, value and trade securities. For further information on ZEB Nickel Corp. please visit www.zebnickel.com"




"ZBNIF
ZEB Nickel Corp.
Ordinary Shares
0.22"

"MARKET CAP Market Cap
12,074,653"




US$12.074M. = c. £9.056M.

URU owns 74.82%, = c. £6.77m.

Current URU market capitalisation at 1.35p: £2.22M.


With the price of nickel soaring, and Zeb Nickel well-financed and with a huge nickel resource, URU now looks looks like a real buy opportunity.
Uru Metals share price data is direct from the London Stock Exchange

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