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EMC - Everest Metals Corporation

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Re: USA - UraniumSA

Any wild guesses what USA will close for after day 1 of trading? :confused:


35 cents??

(pure guess)
 
Re: USA - UraniumSA

It is based on the performance of their shares.

It came out on the market almost a year ago and while it had a short spurt upon listing it has seldomly been over its IPO price of 20c.

The current price is 12.5c, highest is 24c and the lowest, 10c.

Current shareholders get priority in the new venture but with these figures I'm not surprised at the less than stampeding interest. I know how I felt when I got the app form, 'Do I want to put more money into this company'?
 
Re: USA - UraniumSA

etrader1 said:
hi shinobi,

Care to elaborate on its ties with Maximus turning off potential investors? Would be happy to hear your views. I thought they got a pretty good sized tenement but to raise $15M might be asking a bit much given there are other U companies floating at the same time (USA and MRU).

Thanks.
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There has never been a clearer example of how some management are just pure gold when it comes to spin offs, and some well ****e,


FDL spun off its gold and uranium interests into MXR so it could focus on its diamond interests.

Now MXR is spinning out its Uranium interests into Erogama so that it can focus on its gold interests, It will be a poor float that will struggle,

Compare FDL's efforts to that of GIR, spun out UTO 20C TO 80 FIRST DAY!, ALSO spun out RHI 20c to $1 after a few weeks, it had a few more spin outs, can't remember,


FDL had the largest land holding in S.A. of any small spec company and all they do is put together piss poor floats, avoid EROGAMA IMO, so much better on the mkt
 
Re: USA - UraniumSA

Just checked my PO Box,

Got my U SA application,

Did the BPAY thing,

It said that applications can only be scalled back by 5% or rejected, so I thought it best to put in a small application of $4000, very little chance of that being rejected (I hope)

Good luck to others
 
Re: USA - UraniumSA

Yeah, I also applied for 20,000 shares ($4000)
If I hold for 3 months will pick up 10,000 options @25c

My hope is for the price to be around 50c in 15 months.
Total outlay would be $6500 for 30,000 shares worth $15,000... with 50% CGT concession to boot.

Here's hoping it all works out :)
 
Re: USA - UraniumSA

YOUNG_TRADER said:
It said that applications can only be scalled back by 5% or rejected, so I thought it best to put in a small application of $4000, very little chance of that being rejected (I hope)
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Actually I thought it was "The application can be scaled back to at most 5% of the total shares available".
 
Re: USA - UraniumSA

Hi Shinobi346

It is based on the performance of their shares.

It came out on the market almost a year ago and while it had a short spurt upon listing it has seldomly been over its IPO price of 20c.

The current price is 12.5c, highest is 24c and the lowest, 10c.

Current shareholders get priority in the new venture but with these figures I'm not surprised at the less than stampeding interest. I know how I felt when I got the app form, 'Do I want to put more money into this company'?

Do you mind clarifying what you mean about your above statement ? :confused:
 
Re: USA - UraniumSA

if the public offer is oversubscribed then they will scale back the amount of shares offered in the priority offer.

i think its a safeguard to make sure the greatest amount of shares aere offered for sale
 
Re: USA - UraniumSA

sorry pragmatic thought you meant realists statement not shinobi

i agree, can you pls clarify your statement shinobi
they havent floated yet are you talking about another company
 
Re: USA - UraniumSA

dj_420 said:
sorry pragmatic thought you meant realists statement not shinobi

i agree, can you pls clarify your statement shinobi
they havent floated yet are you talking about another company
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I think Shinobi is referring to Eromanga not UraniumSA. Refer to posts #37 & #39 0f Sept 16. Regards. YN
 
Re: USA - UraniumSA

YELNATS said:
I think Shinobi is referring to Eromanga not UraniumSA. Refer to posts #37 & #39 0f Sept 16. Regards. YN
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:) Yep, now it makes sense. Thanks.

I saw Eromanga in Commsec as upcoming float which closes on 14 Sep. However I saw in another website investsmart.com.au which co-sponsors the ipo, the close date as 16 Sep. From this, it would seem the float is struggling to find funds, especially for $15 mio which is the reason for the extension. It shows that there are too many uranium floats at the same time means we have to be selective.

Interestingly, I spoke to the USA sponsoring broker, lands kirwan tong and asked when we will know our application outcome. I was told the response has been fantastic.

Hopefully, for those who successfully subscribed will make a bundle.
 
Re: USA - UraniumSA

pragmatic said:
:) Yep, now it makes sense. Thanks.

Interestingly, I spoke to the USA sponsoring broker, lands kirwan tong and asked when we will know our application outcome. I was told the response has been fantastic.

Hopefully, for those who successfully subscribed will make a bundle.
Click to expand...

I hope so too. Fingers crossed. YN
 
Re: USA - UraniumSA

fingers crossed, hope I get some USA shares that I applied for.
I fear that I won't get them for applying too late.
the cut off is on 29 Sep from memory,
so not much longer to go!
Then we find out how much $$$ we make :)
if i get the shares :(
 
Re: USA - UraniumSA

I didn't get any docs from MTN for this. :( Missed out unfort. Good luck to you guys who got in. Should list well.
 
Re: USA - UraniumSA

kennas said:
I didn't get any docs from MTN for this. :( Missed out unfort. Good luck to you guys who got in. Should list well.
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Kennas ,I must admit I'm stuffing around with this IPO issue -I've written out a cheque for $4K sealed the envolope with a tender kiss ,but I'm still procrastinating . Perhaps if things where not so busy yesterday ,then you would have convinced me at the Melbourne gathering.Decisions decisions...... :bricks1:
 
Re: USA - UraniumSA

3 veiws of a secret said:
Kennas ,I must admit I'm stuffing around with this IPO issue -I've written out a cheque for $4K sealed the envolope with a tender kiss ,but I'm still procrastinating . Perhaps if things where not so busy yesterday ,then you would have convinced me at the Melbourne gathering.Decisions decisions...... :bricks1:
Click to expand...


I can help with the decision, the float closed heavily oversubscribed today, so no point applying (hope I got my allocation)

Also there was a meet in melb? :confused:
 
Re: USA - UraniumSA

YT ,Well I wish you well........my main problem was the emphasis of mining stocks gathering in my portfolio......and with another uranium stock in the book, just tilted me away. G'luck with the smash 'n' grab profit!
Re: meet in Melbourne I thought it was held yesterday ????? if wrong well seems my active mind has been distracted with assumptions and presumptions......as Benny Hill once said to 'assume' makes an ass out of u and me
 
Re: USA - UraniumSA

YOUNG_TRADER said:
Also there was a meet in melb? :confused:
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Yep, there was a meeting between kennas and um, kennas. Looking to Oct to try again. It was advert for a while...just thought you weren't interested...sorry. :(

Sorry this is on the wrong thread, will get off it now.
 
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