Australian (ASX) Stock Market Forum

URA - Uran Limited

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I don't understand talking up a route when the SP was $1.40 - $1.50 without anyone knowing about the Czech mine. The Czech mine caused the price to plummet to around $1 and now they miss getting the mine the share price is expected to plummet again. A little confused to say the least :eek:
 
zed327 said:
I don't understand talking up a route when the SP was $1.40 - $1.50 without anyone knowing about the Czech mine. The Czech mine caused the price to plummet to around $1 and now they miss getting the mine the share price is expected to plummet again. A little confused to say the least :eek:
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I thought the the SP plummeted more specifically as a consequence of the announcement of the SPP?
We will have to wait and see what happens when the trading halt is lifted., i guess.....
 
oversold plus the 20% discount with the SPP, a no brainer you'd think, but then again, in these turbulent times,maybe I'll only apply for my $3000 allocation...
TBA.....................................................
 
YOUNG_TRADER said:
Uh-Oh!

Kiernan Selling on mkt!

Not looking too good, sold 2M Shares on mkt, still has 5.5M left
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I reckon he just needs the money, else he'd have sold out everything. Surely he'd anticipate the potential market reaction to URA shares if he sold? Don't forget he sold out of PMA and CSM in similar ways as well; if all those precede bad news he might have been on to something fishy within those 2, but that was not the case.

Fundamentals, people, fundamentals...IMO this company has been oversold with a huge array of talented people and projects still on it.

And like I say if they're all leaving tomorrow he'd have sold everything - storm in a teacup really
 
Well Kiernan certainly held a bundle of URA (cheeky buggers), considering his lightening of the load, its held up pretty well.

Some consolidation should be taken from the fact he sold the majority after the halt, some comfort their:D .

URA is not really a HV stock and Kiernans offloading has not only been absorbed intra day but it's held up well.

URA bounced a bit on Tuesday after the halt, tried to rally up at close on Wednesday and had a good go at it at open Today. Not too shabby really considering their news of late and the now apparent selling pressure of Kiernan offloading.
 
Freeballinginawetsuit said:
Well Kiernan certainly held a bundle of URA (cheeky buggers), considering his lightening of the load, its held up pretty well.

Some consolidation should be taken from the fact he sold the majority after the halt, some comfort their:D .

URA is not really a HV stock and Kiernans offloading has not only been absorbed intra day but it's held up well.

URA bounced a bit on Tuesday after the halt, tried to rally up at close on Wednesday and had a good go at it at open Today. Not too shabby really considering their news of late and the now apparent selling pressure of Kiernan offloading.
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i gather we all know by now that it was not Michael Kiernan (chairman)selling.
They obviously felt it necessary to clarify this.
I am wishing down the price at the moment given that today is one of the days that counts in the averaging ( and I have alkready sent off my cheque)
 
redandgreen said:
i gather we all know by now that it was not Michael Kiernan (chairman)selling.
They obviously felt it necessary to clarify this.
I am wishing down the price at the moment given that today is one of the days that counts in the averaging ( and I have alkready sent off my cheque)
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Looks like you've gotten your wish so far ;)

So, has anyone been accumulating? Am prepared to buy more if it slides...
 
extension on closing date...rats
they will probably come out with an ann that will completely negate the 20% disc.
in other woirds, at a guess, you can probably pick up the shares cheaper now than under the SPP...
 
Which is why I'm having a hunch that these prices we're seeing may not be around for long. It should be every shareholder's wish to see positive announcements coming out, isn't it? Especially for those who bought in before the record date of the SPP?

Bottom line: If you have faith in the fundamentals of your stock, buy more when it's low! SPP or not, bugger all really...
 
ok lately ive been doing a fair bit of research on URA, BUT i still do not know what the main drivers are for this stock.

do they have a uranium deposit to mine? all they seem to be doing is "negotiating" with the russian govt.

i would like to know, what deposits they have what jv and what they intend to mine. thanks for your help guys.

information seems a bit ellusive on this one.
 
hmmmm looking deeper and deeper all one finds is a cloud over all the information. its like uncovering the world of the sith (for all you star wars fans).

"All information on uranium in Ukraine was previously classified as a state secret. This provision was lifted in November 2006, however documents must be individually declassified. For this reason, no figures for grade or tonnage of the deposits can be released
at this time."

so they are stating that they cannot release JORC figures until these documents are de-classified. BUT they also say this:

"Other similar style uranium deposits in the area have been successfully mined with recovery of at least 80% and a mine life of about 4 years."

that to me says it is a very small deposit if it shows similarities to deposits with mine life of four years.

"Uran’s access to uranium deposits in Ukraine is through its right to acquire all of the shares in Discovery Minerals Pty Ltd, which has acquired the rights to participate in the Surskoye and Gurevskoye deposits."

ok so they have two deposits through acquisition which gives them the right to "participate" so we have JV but it does not state the percentages of each party. so are we to assume 50/50?

some very confusing reports that say very little. i also think that URA were quite confident of getting a JV in the rozna deposit before the govt said none of that. so they have these two deposits to fall back on. with a comparable mine life of four years. that does not instill much confidence IMO.
 
Freeballinginawetsuit said:
kennas said:
Ooooooo. This news looks ordinary. In halt to prevent a route I think.

http://www.theage.com.au/news/Busin...lias-Uran-offer/2007/02/23/1171733984484.html[/QUOTE


Yep :D, no snatching the uranium candy from that Czech baby.......management's probably drafting some poz spin announcement to take the edge off it before the halts lifted.
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you were right freeballer mgt did put a positive spin on this one.

here is the statement from kate hobbs:

"DIAMO has confirmed in its response to Uran Limited that it will carry out the necessary exploration for extensions to the mine at depth. Should it be successful in defining further reserves, Uran Limited will be offered potential participation in the mining."

And here is the statement from Czech industry minister mr martin riman:

"Exploitation of deeper reserves would be financially demanding and might require help from an outside investor but this is a question to be put in a few years time, Mr Riman said."

this coupled with kiernan selling down its easy to see why sp has suffered to this extent. apparantly people are waiting for positive ann soon. the only ann i can foresee coming is the de-classification of the state secret JORC that will only provide comparable mine life of four years.

i thought that URA might provide a great opportunity coming off the highs from $1.60 now down to 54 cents. however i think that the price was overinflated due to market perception that rozna mine would be secured by URA and also due to uranium sentiment at the time.
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I don't think you can say the price was inflated because of Rozna, news of those discussions wasn't released till 30th of January and since then the price has kept falling. Price didn't even go up after that announcement. The price has gone up so much due to the potential of discovery, although we don't know much about it at all, just that URA want's to be a uranium producer before the end of the year. Whether that happens or not is up to the Ukranian government I think. The annoying thing is that we didn't get a price rise due to the possibility of Rozna, but as son as news came out that URA wasn't going to have the possibility in the near future of mining there the price died. In another way, price when news of Rozna first came out was $1.40, then after the news that nothing was happening the price went to around 80c.

Also it was Kiernan's son selling the shares, not Michael Kiernan the director, still not good for the SP though.
 
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