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(URU) URU Metals ltd Share Chat

Discussion in 'General Share Chat (URU)' started by Inspiration, Jan 13, 2017.

  1. Inspiration

    Inspiration Moderator Moderator

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    "Our strategy is to build shareholder value by identifying, investing in, and developing the potential of mineral projects. URU Metals focuses on projects that can enter into the pre-feasibility stage within a three-year timeframe."

    URU Metals Limited is an AIM-quoted resource company focussed on crystallising the value of a high quality portfolio of assets.

    As an active investor and project developer, the primary objective is to develop a strong portfolio of high growth demand metals that offer the potential to deliver substantial shareholder value.

    Since its establishment and listing on the London Stock Exchange’s Alternative Investment Market (AIM) in 2007, the Company has developed a portfolio of large-scale exploration assets, investments and joint venture projects in Africa, Europe and North America.

    Key strengths include an experienced management team of mine development professionals, with a proven track record of taking decisive corporate actions to secure value-adding results. This team guides all activities across URU Metals' portfolio of interests.

    URU Metals continues to pursue new opportunities, driven by the quality of each proposition, whether stand-alone acquisitions, earn-in joint ventures or direct interests in promising natural resources projects.

    http://www.urumetals.com/
     
    Last edited: Jan 13, 2017
  2. Inspiration

    Inspiration Moderator Moderator

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    The Uranium bubble of 2007

    https://goo.gl/images/fttsb1

    The uranium bubble of 2007 was a period of nearly exponential growth in the price of natural uranium, starting in 2005[2] and peaking at roughly $300/kg (or ~$135/lb) in mid-2007.[3] This coincided with significant rises of stock price of uranium mining and exploration companies.[4] After mid-2007, the price began to fall again and at end 2010 was relatively stable at around $100/kg.

    Causes
    The upward trend for the prices of uranium was already apparent since 2003. This prompted increases in mining activity. A possible direct cause for the bubble is the flooding of the Cigar Lake Mine, Saskatchewan, which has the largest undeveloped high-grade uranium ore deposits in the world. This created uncertainty about short-term future of the uranium supply.[4] Other factors are speculation triggered by growing expectations around India and China's nuclear programs, and a reduction in available weapons-grade uranium.[6]

    Impact
    The impact of the bubble on nuclear power generation was small, as most power plants have long-term uranium delivery contracts,[7] and the price of natural uranium makes up only a small fraction of their operating cost. However, the sharp fall in prices after mid-2007 caused a lot of new companies focused on exploration and mining to lose their viability and go out of business.[4] Due to increased prospecting, known and inferred reserves of uranium have increased by 15% between 2005 and 2007.[8]

    https://en.wikipedia.org/wiki/Uranium_bubble_of_2007
     
    Last edited: Jan 13, 2017
  3. Inspiration

    Inspiration Moderator Moderator

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  4. Inspiration

    Inspiration Moderator Moderator

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    A lot of interest in URU at the moment due to the Zebediela nickel project in South Africa although nothing to read of note on LSE, just ramping posts, similar to Twitter, talking of 1p share price target. I'm expecting the placing shares to be flipped for approx 0.9p or just below. John Zorbas, CEO, is coming to London next week.

    Zebediela Nickel Project
    URU Metals owns 100% of The Zebediela Nickel Sulphide Project following the completion of the acquisition of shares of Umnex Minerals Limpopo (Pty) Ltd ("UML") in April 2014. The project is located in the Limpopo Province of South Africa close to the platinum mining town of Mokopane.

    A Preliminary Economic Assessment ("PEA") completed in 2012 reported inferred and indicated resources (Non-JORC) totalling over 1.5 billion tonnes with an estimated Net Present Value of US$317 million and a post-tax IRR of 18.6% (assuming a post-tax discount rate of 10%, nickel price of US$8.50/lb, production of 20,000 tonnes of nickel per year over a 25 year mine life, a total capex cost of US$708 million, and an opex cost of US$3.35/lb Ni).

    On commencement of production Zebediela will be the 12th biggest nickel mine in the world and with expansion initiatives at has the potential to become one of the world's top 10. With the scale and attractive economic fundamentals of Zebediela clearly demonstrated, this project will remain a priority focus for URU Metals.





    http://www.urumetals.com/portfolio/projects/nickel
     
    Last edited: Jan 13, 2017
  5. Inspiration

    Inspiration Moderator Moderator

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    URU Metals Limited
    Placing
    RNS Number : 7006T
    URU Metals Limited
    09 January 2017


    URU Metals Limited

    ("URU Metals" or "the Company")

    Placing

    URU Metals (AIM:URU), the base metals and uranium explorer and development company, is pleased to announce that it has raised £770,000 from institutional and other investors through a placing of 171,111,110 new Ordinary Shares at 0.45p per share ("Placing Shares") ("the Placing").

    Reasons for the Placing

    The Placing proceeds will be applied:

    · to advance the Zebediela Project, in anticipation of positive results from the drill testing programme which is due to commence this month. The aim of this scope of work is to increase the confidence on the potential magnetite resource that has been identified in the oxide and sulphide Zones of the orebody. As previously announced, certain key aspects are of work are required to assess this for the two zones: Exploration drilling to delineate the magnetite resource, Assaying for total iron content based on new and existing drill core material (which in turn allows for SAMREC and JORC Compliant Resource Modelling), Metallurgical Test work for a scoping study level mass pull, recovery and concentrate grade figures and Updating of the Financial Model using the resource and recovery figures;

    · to re-commence work on the Burgersfort Project (in which the Company last invested in late 2012). The Company owns 50 per cent. of the Burgersfort nickel project ("the Burgersfort Project"). The Company's JV partner will be co-investing in the Burgersfort Project to maintain its equity interest. The Burgersfort Project, which is located in the Mpumalanga Province of South Africa, has the possibility of being the twin sister project to the Zebedelia Project. Previous exploration of this site by Goldfields and Falconbridge identified several shallow disseminated nickel targets and three deeper massive sulphide nickel targets where diamond drilling was undertaken. Work on the property will be advanced initially with metallurgical work by SGS following additional diamond drilling. The results of the metallurgical work will be used in the scoping study; and

    · to finance the Company's working capital requirements

    In addition, the placing proceeds will also allow the Company to consider new acquisition targets.

    Update on Zebediela Nikel Project

    Drill testing of potential extensions of the nickel mineralization, infill drilling and metallurgical work will be conducted in the next few weeks, with results expected to be announced within 8 to 10 weeks of completion.

    Details of the Placing

    Niketo Co.Ltd ("Niketo"), which owns a shareholding of 17.6 per cent. of the Company's issued share capital, has agreed to subscribe for 24,444,444 Placing Shares.

    The participation of Niketo in the Placing is a related party transaction under the AIM Rules for Companies. Mr Jay Vieira and Mr David Subotic, the independent directors, having consulted with the Company's nominated adviser, Northland Capital Partners Limited, consider that the terms of Niketo's participation in the Placing are fair and reasonable so far as the shareholders of the Company are concerned.

    Proposed Subscription by Directors

    In addition to the Placing, the Board has been advised that John Zorbas and David Subotic, directors of the Company each intend to subscribe for 3,333,333 new Ordinary Shares on the same terms as the Placing, following the announcement of the Placing.

    Commenting on the placing, John Zorbas, CEO of URU Metals Limited commented:

    "This placing, at a 12.5% premium to the placing price in November 2016, represents a further show of confidence by investors in the Company's assets. The new funds raised will allow the Company to advance the Zebediela nickel project, and also allow it to re-commence work on its sister nickel project, Burgesfort, and also consider new acquisition or investment opportunities. We expect the next six months to be a time of significant progress and development for the Company and its project portfolio and look forward to updating shareholders with key milestones and regular news over this period."

    A further announcement will be made in due course.

    This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

    URU Metals Limited

    John Zorbas

    (Chief Executive Officer)

    +1 416 504 3978


    Northland Capital Partners Limited

    (Nominated Adviser and Joint Broker)

    Edward Hutton / Matthew Johnson

    + 44 (0) 203 861 6625

    Beaufort Securities Limited

    (Joint Broker)


    Jonathan Belliss

    + 44 (0) 207 382 8300

    SVS Securities Plc

    (Joint Broker)

    Tom Curran

    +44 (0) 203 700 0093


    Zebediela Nickel Sulphide Project, South Africa

    The prospecting rights that make up the Zebediela Nickel Project are held by URU's wholly owned South African Subsidiary Lesego Platinum Uitloop ("LPU"). The Project is situated approximately 7km north east of Mokopane (formerly Potgietersrus), in Limpopo Province, South Africa. The project area is located less than 5km from the N1 national highway linking two major cities, and access onto the farms is by all-weather tar and dirt roads. In addition, the national Johannesburg to Polokwane railway line has a siding on the property.

    A previously completed NI 43-101 Mineral Resources Estimate at the Project defined:

    • An Indicated resource of 485.4 Mt at a grade of 0.245% Ni

    • An Inferred resource of 1.115.1 Mt at a grade of 0.248% Ni

    Burgersfort Nickel Sulphide Project, South Africa

    50% ownership of Burgersfort, located in the Mpumalanga Province of SouthAfrica. Previous exploration identified disseminated nickel targets and three deeper massive sulphide nickel targets.
     
    Last edited: Jan 13, 2017
  6. Inspiration

    Inspiration Moderator Moderator

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    Last edited: Feb 10, 2017
    jackjack likes this.
  7. Inspiration

    Inspiration Moderator Moderator

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    Well, I'm clearly no good at working out when to hold and when to sell! This looked like a major ramp, from all the activity on Twitter, so I was cautious and sold, as there had been a large rise since January. Not many people would have bought at the bottom, of course, but even so, it has bagged a few times.

    It opened today at 2.47p. I was expecting a retrace to about 2p, or even just below, but instead it rose sharply just before 2pm, reaching a high of 4.13p and settling back to 3.85p.

    I assume that the rise before 2pm was to coincide with anticipated interest in the USA, since the UK price had held well from Friday.

    The RNS on 9th Jan said what so many RNS's say:
    "We expect the next six months to be a time of significant progress and development for the company and its project portfolio and look forward to updating shareholders with key milestones and regular news over this period."
     
    jackjack likes this.
  8. jackjack

    jackjack Administrator Staff Member

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    I think the rise can mostly be put down to today's placing at a premium, 4.5p.

    http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/URU/13126045.html

    URU Metals (AIM:URU), the base metals and uranium explorer and development company, is pleased to announce that it has raised £535,000 (before expenses) through a placing of 11,888,888 new Ordinary Shares at 4.5p per share ("Placing Shares") ("the Placing").
     
    Inspiration likes this.
  9. trizza

    trizza Demi God of BlueShare

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    Bought some at sub 1p and re-risked in the rise. Bought some more after the RNS at 3.8ish. Either the placing suggests good news coming or it's a massive pump and dump. We'll see...
     
  10. stockman

    stockman Demi God of BlueShare

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    Bought some for 3.59p today and sold 10 minutes later for 3.90p.

    Knowing my luck this will run and run and logically should find 4.5p with the level of confidence shown.
     
    Inspiration likes this.
  11. Inspiration

    Inspiration Moderator Moderator

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    I took my eye off the ball with this one - I saw a profit and took it, rather than checking my notes first and I missed the RNS, as I was out yesterday afternoon. I bought more MTR shares.
     
    Last edited: Feb 14, 2017
  12. taffy21

    taffy21 A Legendary Member

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    Do you reckon that there's still a bit of a way to run with URU or has it reached it's zenith for the time being?
    Is it still worth a quick punt?
     
  13. jackjack

    jackjack Administrator Staff Member

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    Inspiration and taffy21 like this.
  14. taffy21

    taffy21 A Legendary Member

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    jackjack likes this.
  15. Inspiration

    Inspiration Moderator Moderator

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    URU Metals Limited (URU)


    Wednesday 01 March, 2017

    URU Metals Limited
    Investment in MRS and Warrant Exercise
    RNS Number : 1346Y
    URU Metals Limited
    01 March 2017


    URU Metals Limited


    ("URU Metals" or "the Company")



    Investment in Management Resource Solutions Plc


    Exercise of options




    URU Metals (AIM:URU), the base metals and uranium explorer and development company, is pleased to announce that it has acquired 7,550,000 shares in Management Resource Solutions Plc ("MRS") from SCOPN Pty Ltd (representing 8.79 per cent. of the issued share capital of MRS) for a total consideration of £1,132,500, satisfied by the issue of 25,166,666 new Ordinary Shares in the Company at a price of 4.5p per share ("the MRS Consideration Shares").


    John Zorbas, CEO of URU Metals, commented: "We are delighted to have acquired this minority shareholding in MRS which we are making both for long term investment reasons and for the potential synergies we see between the two companies. Based on the recent recovery in commodity prices and the resultant re-opening and/or expanding of mining operations in New South Wales, coupled with the continual demand for New South Wales coal from the Chinese market, we see this investment as having considerable upside potential. MRS is an exciting AIM listed business with a very impressive client list. URU also looks forward to developing its relationship with MRS, especially as we seek to develop our South African projects, where we see opportunities to benefit from MRS' broad range of skills and expertise that directly support mining across every phase of the mining cycle".


    Exercise of options


    The Company also announces that it has issued and allotted 20,000,000 new ordinary shares following the exercise of warrants granted to Adam International Investments Limited ("Adam International") in January 2017 at an exercise price of 1p per share (the "Warrant Exercise Shares"). The Company engaged Adam International on 1 November 2016 to provide corporate services in relation to the fundraisings subsequently completed by the Company in November 2016 (at a price of 0.4p per share) and January 2017 (at a price of 0.45p per share), and technical consulting services in relation to the work programme, budget and operations of the Company's Nickel projects in South Africa.


    The MRS Consideration Shares and the Warrant Exercise Shares (together the "New Shares") represent 5.85 per cent. of the enlarged issued share capital of the Company. Application will be made for the New Shares, which rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will be effective on 7 March 2017.


    Total voting rights


    Following the issue of the New Shares, the Company's share capital consists of 772,571,488 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 772,571,488. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.


    This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

     
  16. ShiftyMatt

    ShiftyMatt Active Member

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    Large rise at the end of the day today, does anyone have any insight into what's caused this? ATB
     
  17. Inspiration

    Inspiration Moderator Moderator

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    Zorbas gave a presentation in London last night, called "Developing a World-Class Deposit." People are expecting fresh money to be invested, as it's the start of the new tax year. The presentation was organised at short notice by Momentous Events http://www.momentousevents.uk/eventsuk.html

    Here's a link to the Zebediela presentation in PDF format on the company's website.
    http://www.urumetals.com/investor-r...s/developing-a-world-class-deposit-april-2017

    There's a lot of excitement/hype that it has the potential to be one of the top 10 nickel producers worldwide
     
  18. Inspiration

    Inspiration Moderator Moderator

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  19. Inspiration

    Inspiration Moderator Moderator

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    Wednesday 19 April, 2017

    URU Metals Limited
    Grant of Options and update on magnetite test work
    RNS Number : 7741C
    URU Metals Limited
    19 April 2017


    URU Metals Limited


    ("URU Metals" or "the Company")



    Grant of options and update on magnetite test work



    Grant of options

    URU Metals (AIM:URU), the base metals and uranium explorer and development company, is pleased to announce that the board of the Company has awarded a total of 30,300,000 options to directors, advisers and contractors ("the Options"). The Options vest immediately and expire on 19 April 2022.

    15,050,000 of the Options are exercisable at 6p per share, with the balance of 15,150,000 being exercisable at 9p per share. The exercise prices represent a premium of 176 per cent. and 315 per cent. respectively over the closing mid-market price of the Company's ordinary shares on 18 April 2017.

    The following Options were awarded to the Directors of the Company and to Henry Kloepper, an Advisor to the board:



    See table on RNS


    The Options granted above were in recognition of the Company's recent capital raises which have allowed the Company to finance the initial phases of its current technical programme and its operational cashflow requirements for at least the next 12 months.


    In addition, the Directors hold the following existing options exercisable at 2p per share:



    Existing options

    at 2p

    Jay Vieira

    2,000,000

    David Subotic

    3,000,000

    John Zorbas

    3,000,000


    The existing options expire on 23 May 2017. Mr Zorbas has informed the board of his intention to exercise his existing options today.


    Update on magnetite test work

    Further to the announcement of 6 April 2017, the Company has been informed that preliminary results from the laboratory on the magnetite test work will be available by the beginning of next week.
     
  20. Inspiration

    Inspiration Moderator Moderator

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    For those who read the RNS after yesterday's close, this was a handy heads up.
     

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