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UKL - Uranium King

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YOUNG_TRADER

YOUNG_TRADER

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What the?

Didn't even see this puppies IPO, its listing on Monday!

Anyone get any?

It got 80m shares, of which 50m are un-listed, which means only 30m will be tradeable, IPO was at 25c,

Its operating in the US and will float with a JORC of 1.7Mt@0.12% = 4.5Mlbs U308

@ say an EV of $3 per lb = $13m EV for Uranium + $6m or so in cash

= Intial target of $20m = 25c (funnily enough) but given spec nature I'd expect it to trade at 30-40c

Interesting to see how it goes,
 
I applied for shares in the IPO, however just received a full refund of my money in the mail today. Apparently it was oversubscribed and i was the lucky recipent of a full scaleback...... Not Happy!! :banghead:

Considering whether to purchase on the open market on Monday or to boycott!
 
Given the timeframe from lodgement to list, I'd say this was one of those IPO's that was already sorted out even before they lodged the prospectus, 2week ldgement to list is waayyyy tooo quick!


So I'd say anyone who get shares was known to brokers (sorta like a book build)
 
YOUNG_TRADER said:
Given the timeframe from lodgement to list, I'd say this was one of those IPO's that was already sorted out even before they lodged the prospectus, 2week ldgement to list is waayyyy tooo quick!


So I'd say anyone who get shares was known to brokers (sorta like a book build)
Click to expand...

I agree YT, very quick time from prospectus release to float
Though it has a JORC, with 84million shares at $21million market cap at offer price, its not "super cheap"... well not as cheap as mantra anyway... ;)
 
i think i will redirect my funds towards Mantra as well. I didnt like the prospectus as much for UKL, however there were certain reasons why i wanted to invest.

Cheers
 
has anyone looked at uraniumSA USA, it has quite a few nice tenements, its opening on monday.

priority offer to MTN shareholders. could also explain increase in sp last week.
what do you think YT
 
Looks like it will have a minimum opening of 50c with a possible opening price of $1,

Look at those buy orders and the complete lack of sellers so far :eek:

Not bad for a 25c IPO :eek:
 
anyone thinking of getting on now....

looks to be to much sell pressure for my liking....
 
Snakey said:
yeah somethings up here
Click to expand...
Likely a speed ticket tonight, and consequently price will likely fall tomorrow if no immediate ann. Hope no ticket or they can cook up something delicious quickly. Otherwise, whoever bought at $0.70s will :banghead:
 
Speed ticket is out. But the excuse is well cooked. One very interesting line is:

"The company is also actively pursuing additional ground acquisition within the East Grants belt..... Investors may be purchasing shares in anticipation of results."

The admitted something already from the line.
 
UKL is back to normal, day traders are targeting BLR another uranium with US exposure, up more than 30% so far today.
 
Can anyone please explain to me what UKL are doing in terms of the capital raising. I don't quite understand .. Thanks :confused: :)
 
zt3000 said:
Can anyone please explain to me what UKL are doing in terms of the capital raising. I don't quite understand .. Thanks :confused: :)
Click to expand...

Do you think UKL can produce yellowcake by doing a presentation? To begin with, they need a couple of million to do the BFS, and $30m or so to build a plant, they the working capital to run the plant.

It's only just begun... Be prepared.
 

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