URL - Universal Resources
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Will it ever come out of suspension 
thats the question I am asking to myself. 2 mil to be paid to OZL, Directors taking cuts, economic crisis hiting hard and the list goes on lol. Its gone down the tubes I think lol
I would be keen in some positive insight though. Someone should call Peter Ingram. :bonk:
thats the question I am asking to myself. 2 mil to be paid to OZL, Directors taking cuts, economic crisis hiting hard and the list goes on lol. Its gone down the tubes I think lolI would be keen in some positive insight though. Someone should call Peter Ingram. :bonk:
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Hi Forumites
JP Morgan has released a report on Copper Prices with positive Outlook
If the Directors of URL are telling the truth of being approached by financial institutions recently, watch out for this security in the next couple of weeks only if it comes out of suspension.
I am a pessimist that you don't want to know - DYOR
JP Morgan has released a report on Copper Prices with positive Outlook
If the Directors of URL are telling the truth of being approached by financial institutions recently, watch out for this security in the next couple of weeks only if it comes out of suspension.
I am a pessimist that you don't want to know - DYOR
Well, today saw me in the red by 10%. Kinda hoping this is a one-off step backwards. "Capital Raising" has become something of a taboo- just not sure why the market treats it SO dramatically when we all know everyone is feeling the squeeze. Surely it doesn't have shock value anymore!! A 30% drop in one day?
The company raises/has a line of capital and all of a sudden its bad news. Entry price is what makes it bad news, you buy high and it runs against you, hell, its happened to all of us.
Can also cloud your judegement, but what was everyone expecting the stock price to keep going up on FA funds.
Have a look at the volume over the last 5-7 days before the trading halt, where has that gone? why was not at least 50% of the volume of the last day before the halt not dumped today.
URL has funding in place to take advantage of its major asset , and from my take on the deal its basically cash for stock swap based on VWAP price. However I can't help but think there is a major player that is behind this play for this funding company to provide a 20mil ++ fund.
Look at what their tennements are yielding see DYL's discovery as example.
There is more to come, sooner then later.
Can also cloud your judegement, but what was everyone expecting the stock price to keep going up on FA funds.
Have a look at the volume over the last 5-7 days before the trading halt, where has that gone? why was not at least 50% of the volume of the last day before the halt not dumped today.
URL has funding in place to take advantage of its major asset , and from my take on the deal its basically cash for stock swap based on VWAP price. However I can't help but think there is a major player that is behind this play for this funding company to provide a 20mil ++ fund.
Look at what their tennements are yielding see DYL's discovery as example.
There is more to come, sooner then later.
i dont get what ur saying regrading a major player.
i dont even understand what this capital raising is about. its not even for shareholders? and i noticed something about offering it at 10 cents....does that mean we are going to see it drop that low...
those trading halts were really not that necesary.
it just screwed us over
great timing directors...great timing
well i just exited today breaking even. after losing wat little profit i had left in this stock, there was no point holding it any longer. ill keep it on my watchlist though, but wont be buying anytime soon. doubt ill see that 66% rise ever again lol
i bought in today at average of 2.2c, im very interested to see where this capital raising goes. Exciting projects and the fact that big players are willing to take a stake in a junior resources company is enough for me. Follow the big money and you cant go wrong!
explod
explod
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To raise the dogh to develop the good resources they have. Copper wil be a winner.
If they go to 10cents from my current level of buy at .024 will be very happy indeed. But maybe you meant to say .010 = 1 cent
well it depends how far away we are talking about. see i already have alot of my stocks tied up because of bad performance due to capital raising. im kinda sick of hearing the word now.
my other stocks are long term stocks
so i need some movement in the short term, which is why i bought URL
although i must admit it does sound promising, but one only has so much capital.
i actually got pressured into selling. i put a sell order at 0.3 cents, and it got pushed to 0.24 cents, i thought it wud drop more or not move
so i AFKed a bit, came back and my order got processed the moment i logged on. this was when the ceo webcast was released. so market went up for a while. upon listening i do believe there may be good prospects for URL
but at the earliest it will be end of the year.
so maybe i will buy back in later
as for 10 cents...isnt that a bit far fetched.
hi all- been a bit quiet on the url thread lately...as a first time investor, can any of the more experienced asf members give an insight into the way a trading halt /suspension as happened with url earlier this month can affect the share price in the way it has?.i dont yet understand dilutions-rights issues etc, and how any capital raising affects us as shareholders-i still hold some -thanks in advance for reply!
hi all- been a bit quiet on the url thread lately...as a first time investor, can any of the more experienced asf members give an insight into the way a trading halt /suspension as happened with url earlier this month can affect the share price in the way it has?.i dont yet understand dilutions-rights issues etc, and how any capital raising affects us as shareholders-i still hold some -thanks in advance for reply!
hi berbouy
im no expert but what happened with the trading half suspension was (from my view) due 2 two things
1) the sp had undergone a bit of ramping due to the previously announced good news, i think it was the good annual report. so it was due for some profit taking
2) the capital raising had options which were exerciseable at a price waaaayyy below what the market price was back then, which the market revalued thus it dropped like it did (someone correct me if im wrong)
as for dilution
if you have 1000 shares at 10 cents each
and say you hold 10 shares or $1 in that company, or 10/1000 = 1% voting power
if the company decides to raise 100 more shares at 10 cents each
then that would mean you now only have 10/1100 = 0.909....%
in other words you got diluted.
obviously this means shareholders have their shares lowered in value. to prevent this you have to buy more to regain back to ur original position.
so companies sometimes offer share purchase plans for existing share holders at a certain price, depending on how many shares the hold
hope this helps.
im actually more interested in what the effect of the july general meeting will have on us and the sp.
i havent had time to read it in detail.
thanks a lot for the post, fureien-helps a lot.
still learning , and grateful for any insight as to how it all works-seems to have been a lot of capital raising lately, is it a sign of the tougher times, or a way to ensure adequate funds for further developement of projects?
anyway, i am excited by the prospects for url-and pleased that my 2nd purchase was LOD-they seem to have found a bit of support.
cheers!
still learning , and grateful for any insight as to how it all works-seems to have been a lot of capital raising lately, is it a sign of the tougher times, or a way to ensure adequate funds for further developement of projects?
anyway, i am excited by the prospects for url-and pleased that my 2nd purchase was LOD-they seem to have found a bit of support.
cheers!
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