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Re: USA - UraniumSA

feeding_the_fire said:
If that’s the case what’s so “loyal” about the loyalty options?? You could buy in a couple of days before the record date, get the options, then flick on your shares!

Oh well.. I don’t make the rules!

SO hang on.. say the SP was $0.50 approaching the record date.

What’s to stop me taking out a massive loan to buy enough shares to qualify for, say a million options and then basically getting a free (0.50-0.25) $250K when I exercise the options?? I guess the SP itself would drop a little.. but I doubt by 25c…
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25c is supposed to be bottom line. rising uranium price and upcoming maiden drilling in the middle of Nov are likely to underpin sp.

There are a number of U-stocks rocketing after IPO.
MOX : Oct,20,2005 - 21.5c
Oct,19,2006 -119c
UXA IPO: Nov,22,2005 - 16c
Oct,19,2006 - 39c
 
Re: USA - UraniumSA

To feeding-the-fire:
"You could buy in a couple of days before the record date, get the options, then flick on your shares!"

What i am understanding as to MD's reply, you are not able to be allocated loyalty option if buying in a couple of days before the record date.

There are two conditions: first, you are registered at the company as a shareholder at the record date; second, you have to hold shares for three months by the record date.

Assuming the record date would be Jan 28, 2007, you have to buy in at least before Oct 26, 2006. Because registeration takes some days (normally T+3), then you would be a registered shareholder on Oct 29,2006, and afterwards holding for three months. However, you are not able to get option if rushing in during the period from Oct 27,2006 to Jan 28, 2007.

As MD replied, they haven't decided the record date yet. they may announce the record date just before a couple of days away the record day. So we can't speculate it and have to buy in early and hold for as least three months.
 
Re: USA - UraniumSA

Accaeric said:
To feeding-the-fire:
"You could buy in a couple of days before the record date, get the options, then flick on your shares!"

What i am understanding as to MD's reply, you are not able to be allocated loyalty option if buying in a couple of days before the record date.

There are two conditions: first, you are registered at the company as a shareholder at the record date; second, you have to hold shares for three months by the record date.

Assuming the record date would be Jan 28, 2007, you have to buy in at least before Oct 26, 2006. Because registeration takes some days (normally T+3), then you would be a registered shareholder on Oct 29,2006, and afterwards holding for three months. However, you are not able to get option if rushing in during the period from Oct 27,2006 to Jan 28, 2007.

As MD replied, they haven't decided the record date yet. they may announce the record date just before a couple of days away the record day. So we can't speculate it and have to buy in early and hold for as least three months.
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it is ridiculous all this is still up in the air and subject to the directors' whim...should have been made 100% clear in the Prospectus.
 
Re: USA - UraniumSA

Broadside said:
it is ridiculous all this is still up in the air and subject to the directors' whim...should have been made 100% clear in the Prospectus.
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This is a rare case. On the other hand, how brilliant the board is.
IMO, First of all, the pending record date would highlight what real royalty is.

Furthermore, this could protect existing shareholders interest and avoided or less dilution. if you are not Royal shareholder, won't get royalty option.

Normally, U-stocks on the IPO, likely issue free attached option at the same price as the issue price. Providing IPO 30m share@20c, 1 for 2 free option, options issued are 15m (exercise price 20c). it would be considerably diluted while sp rocketing to 100c. But in USA,the total loyalty options definitely less than total issued shares. because those shares being traded in past three months by the record date, are not able to be allocated loyalty options. That's good news for eligible shareholders.

The board is pretty brilliant, isn't it? I am confident in investing the company those guys run.
 
Re: USA - UraniumSA

Accaeric said:
This is a rare case. On the other hand, how brilliant the board is.
IMO, First of all, the pending record date would highlight what real royalty is.

Furthermore, this could protect existing shareholders interest and avoided or less dilution. if you are not Royal shareholder, won't get royalty option.

Normally, U-stocks on the IPO, likely issue free attached option at the same price as the issue price. Providing IPO 30m share@20c, 1 for 2 free option, options issued are 15m (exercise price 20c). it would be considerably diluted while sp rocketing to 100c. But in USA,the total loyalty options definitely less than total issued shares. because those shares being traded in past three months by the record date, are not able to be allocated loyalty options. That's good news for eligible shareholders.

The board is pretty brilliant, isn't it? I am confident in investing the company those guys run.
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I don't quite get the gist of what you are saying. But for me I would prefer it if the terms are clear and upfront so there is no opportunity for insiders to take advantage of the situation...I am not saying for one moment they would, but why even allow the possibility.
 
Re: USA - UraniumSA

Broadside said:
I don't quite get the gist of what you are saying. But for me I would prefer it if the terms are clear and upfront so there is no opportunity for insiders to take advantage of the situation...I am not saying for one moment they would, but why even allow the possibility.
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It is always the case insiders make extra gain by virtue of information assymmetric. Although they knew the record day, they have to hold for at least three months, don't they?
Basically, insiders don't have to hold for such long period to make profits. they just need to jump in before good news announced, and then make over 30% or even much more in a day.

The term set in the loyalty option, has pros and cons. Generally speaking, the merits are apparent and benefit for the mid or long term shareholders.
1. Less dilution and increased interest for royal shareholders;
2. The high condition set in the loyalty option also reflect highly potential value of USA.
 
Re: USA - UraniumSA

Accaeric said:
I am sort of confused about the issue of loyalty option, so I emailed to MD yesterday morning, and just got reply as follows:

"Dear XXX,

The Board will decide and publicise a "record date" for entitlement to the
loyalty options. The "record date" will be some 3 months after listing but
the exact date has not yet been set. Parties who are shown as shareholders
on the Company Register on that "record date" will receive the 1 for 2
loyalty options. You should be aware that it can take several days for a
sale or purchase of shares to be entered to the Company Register.

Regards
Russ Bluck
managing Director
UraniumSA Ltd "

IMO, USA share price would run like UXA rather than UTO.
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Ok, maybe I'm reading this wrong, but there's nothing in the above that says you have to hold the shares for 3 months. It just says that in 3 months time there will be a "record date", and if you happen to be a shareholder on that day, you'll get the loyalty options.

Am I reading this right?
 
Re: USA - UraniumSA

Inside business had a report on Uranium SA this morning, Russel Bluck spoke a bit about the future of the company, their exploration area etc etc. The inisde business site hasnt been updated yet for people who missed it, but it should be soon with a transcript of the report.

http://www.abc.net.au/insidebusiness/
 
Re: USA - UraniumSA

Bought in today after the executive director Russel Bluck rang me back and confirmed that if you are on the registra at the end of the first three months of trading you will be intitled to the 1 for 2 options. I for one will be holding my shares to well after this date.
 
Re: USA - UraniumSA

Realist said:
Wow 29c now, I'm making a killing on this one!! :)
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Haha good one realist. I ended up selling these shares at 25 cents *sigh* but i ended up putting it in TRO which has given me a 50% profit in 2 days so its all good. :)
 
Re: USA - UraniumSA

Nice breakout at 26c
 

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Re: USA - UraniumSA

Tech/A

Silly question on your upper chart...

Is the vertical dotted lines measurement of time vs the price, and is it also showing 2 days on one chart....

What package are you using ... metastock...????

Tks
SevenFX
 
Re: USA - UraniumSA

Realist have no intention YET but a break of 32c would be tempting.

This move would (For me) have to have been a buy 26-27c so I would leave it.Those in it now have some room---go you good thing!!

Teck

Marketcast live data.
You can google it to find out more.

$165/mth plus Setup.
A must if you trade like I do in a discretionary manner.
 
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