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URL - Universal Resources

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berbouy said:
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?
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bit of both
tough times = need to finance debt and raise capital to do all sorts of other stuff while revenue is low

raise capital to finance projects to generate income to bring it out of the tougher times

u get the idea
 
my god i had an exam this morning
came home and URL's SP made me crap my pants.

stupid exam just had to be during market open lol

is the market taking a serious beating or what
 
I thought I'd try to reinvigorate the discussion on URL, although it's difficult to know what to say. Looking at the chart would indicate that the stock has largely fallen off people's radars after the capital raising was announced. It doesn't look like good value after being diluted I guess.
 

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after a while of just drifting along, the sp has risen a bit today with some late buying- not seen any announcements made, anything anybody is aware of that might have kicked url into a bit of life?
 
URL is on the run again. I wonder if this is another share price spike (read: pump and dump) like last time.
 
URL and Vulcan are both in a trading halt?
Looks like they are getting into bed together, as Vulcan have $30 million to put to good use, and were on the hunt for a junior goldie. Me thinks URL it is?
I'm a long term VCN holder, and even though the sp has crashed like everything, management are good, and gold and copper (through electric motors) will do better than most.
 
Got this from somewhere else

"Today's AFR reports the merger of URL and VCN. It is not likely the takeover since VCN gets only $28M cash with poor resource in Europe.

Like young-trader said, Xstrata will be watching, I think so as well. Maybe a bid from Xstrata is on the way.

Cheers"


Will be interesting to see the numbers and values given
 
wow looks like i have to get up early tommorrow then. Might be some crazy movement. Surf the momentum lol
 
Under the terms of the proposed merger, VCN shareholders will get 6.85 URL shares for every VCN share. Wouldn't that make VCN a bit of a screaming buy at 12c, while URL broke out to 2.7c today? 6.85 x 2.7c =18.4c?
Or is this ovesimplified reasoning?

Given that Vulcan is still trading at market cap = net cash, I suppose that would make it a pretty solid prospect too (not that I really know much about their Finnish projects, feasibility etc).

Disc: don't holder either URL or VCN at present.
 
So what happened to URL? I kinda liked the look of them for a bit of speculation, but the company seems to have gone.

Does the company not exist any more?
 
panikhide said:
So what happened to URL? I kinda liked the look of them for a bit of speculation, but the company seems to have gone.

Does the company not exist any more?
Click to expand...

They are currently consolidating their shares and merging with VCN. Normal trading of the merged company will commence on 22.2.10. You can currently trade the company on a deferred settlement basis through the symbol URLDA. Personally, I'm waiting till normal trading recommences.
 
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