YAR - Yari Minerals
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Re: NRU - Newera Uranium
YT, finally this stock is moving up.
any idea why?
YT, finally this stock is moving up.
any idea why?
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Re: NRU - Newera Uranium
CAZ shareholders that were distributed shares as part of the in specie distribution have just been given an oportunity to buy up to 8000 shares (i.e you had 500 therfore you can ourchase 7500) at 25c. Deal closes 12/2/07. May be some short profit takers, however it is good of the company to acknowledge its smaller investors.
Cheers
j4mesa said:Hi all,
I am newbie here in the aussie stock forums.
Have been watching NRU,seems that they just announce that they are gonna be issuing more shares meaning that more dillution to current share.
CAZ shareholders that were distributed shares as part of the in specie distribution have just been given an oportunity to buy up to 8000 shares (i.e you had 500 therfore you can ourchase 7500) at 25c. Deal closes 12/2/07. May be some short profit takers, however it is good of the company to acknowledge its smaller investors.
Cheers
Re: NRU - Newera Uranium
DYOR
NRU is up 3.5c today to 31c and is looking good. It has uranium interests in WA (its next door to Nova's Lake Way Deposit) and NT. Its also currently looking overseas for uranium interests. Only 36 million shares and a market cap of just over $10 million. There's not too many uranium focussed explorers out there with such a low market cap. I finally bought some this morning.Bush Trader said:
DYOR
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Re: NRU - Newera Uranium
39,836,000 (not diluted) shares as of next week with a market cap of aprox 11,000,000
Being only a small holder I took up their generous offer.
These WA uranium shares still have a lot o government red tape to cut through, before they are real goers, does anyone think that the 2 mine policy will be extinguished before the supplydemand curve changes for Uranium (2012 I have seen quoted)
Cheers
greggy said:
39,836,000 (not diluted) shares as of next week with a market cap of aprox 11,000,000
Being only a small holder I took up their generous offer.
These WA uranium shares still have a lot o government red tape to cut through, before they are real goers, does anyone think that the 2 mine policy will be extinguished before the supplydemand curve changes for Uranium (2012 I have seen quoted)
Cheers
Re: NRU - Newera Uranium
DYOR
It hasn't stopped the share prices of other uranium explorers with WA uranium interests from going up strongly. NRU is also involved in NT at its Quartz Hill Project and is looking for new uranium projects. This stock has been well and truly overlooked.Bush Trader said:
DYOR
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Re: NRU - Newera Uranium
As you can see I read the prospectus from cover to cover.
Thanks for the mail.
Cheers
greggy said:
As you can see I read the prospectus from cover to cover.
Thanks for the mail.
Cheers
Re: NRU - Newera Uranium
I was wondering whether you still hold your bullish opinion on NRU. I finally bought some shares and options on Friday. This stock has strong potential on a number of fronts (Lake Way, WA, and Quartz Hill, NT). Its also looking at acquiring 1 or 2 uranium properties in South America (in the stable part of the region). It doesn't have many shares on issue and its management is being very frugal in spending NRU's funds.
DYOR
Hi YT,YOUNG_TRADER said:
I was wondering whether you still hold your bullish opinion on NRU. I finally bought some shares and options on Friday. This stock has strong potential on a number of fronts (Lake Way, WA, and Quartz Hill, NT). Its also looking at acquiring 1 or 2 uranium properties in South America (in the stable part of the region). It doesn't have many shares on issue and its management is being very frugal in spending NRU's funds.
DYOR
Re: NRU - Newera Uranium
Announcement today from the company stating that the size of the top up offer has been increased to 5 million shares (raising a possible $1.25 million less expenses). Greater than expected demand is the reason for the increase.
DYOR
Announcement today from the company stating that the size of the top up offer has been increased to 5 million shares (raising a possible $1.25 million less expenses). Greater than expected demand is the reason for the increase.
DYOR
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Re: NRU - Newera Uranium
Hey mate,
I sold out when I realised Caz holders were getting In-Specie as this would keep a lid on the price,
In additon the rights issue will further hold down prices,
Until I see a firm work program I won't be back
greggy said:
Hey mate,
I sold out when I realised Caz holders were getting In-Specie as this would keep a lid on the price,
In additon the rights issue will further hold down prices,
Until I see a firm work program I won't be back
Re: NRU - Newera Uranium
I'm also excited that the company is having discussions in relation to acquiring 2 uranium projects overseas. If acquired, the effect on the share price could well be extremely positive.
I've bought over 100,000 shares since last Friday. I didn't want to buy in the high 30s and waited for a correction of sorts. I now feel that this has been overdone. Still even with the in-specie distribution ther are still not that many shares floating around. A number of other companies have had a similar distribution without having a drastic effect on the share price (e.g. U308). Infact, one could take the view that NRU has become a more liquid stock.
DYOR
Thanks for your thoughts, YT. I value your opinion highly. I was initially slightly bearish on this stock, but have since warmed to it. It seems to have strong potential on a number of fronts, both at Lake Way (next door to NEL) and also at Quartz Hill, NT, where the initial results have been very encouraging. When I last spoke with NRU's Exploration Manager (back in Jan 07) the company was planning to drill at its Quartz Hill Project in Mar 07.YOUNG_TRADER said:
I'm also excited that the company is having discussions in relation to acquiring 2 uranium projects overseas. If acquired, the effect on the share price could well be extremely positive.
I've bought over 100,000 shares since last Friday. I didn't want to buy in the high 30s and waited for a correction of sorts. I now feel that this has been overdone. Still even with the in-specie distribution ther are still not that many shares floating around. A number of other companies have had a similar distribution without having a drastic effect on the share price (e.g. U308). Infact, one could take the view that NRU has become a more liquid stock.
DYOR
Re: NRU - Newera Uranium
NRU is up 3.5c to 32c today on turnover of over 750,000 (high volume for this stock). Another announcement came out today regarding a placement of 2 million shares to a number of institutional and sophisticated investors at a price of 25c. Clearly interest is increasing in this uranium focussed explorer and for a number of institutional investors to be jumping on board is a positive move.
DYOR
NRU is up 3.5c to 32c today on turnover of over 750,000 (high volume for this stock). Another announcement came out today regarding a placement of 2 million shares to a number of institutional and sophisticated investors at a price of 25c. Clearly interest is increasing in this uranium focussed explorer and for a number of institutional investors to be jumping on board is a positive move.
DYOR
Re: NRU - Newera Uranium
Not sure..it's had a couple of recent runs, then drops back to 26-27c. I'm suprised at this run, as they have also just effectively diluted the stock releasing additional shares, albeit not by much.
Maybe there is something lurking back there? Dont think any drill results are due...but who knows.
Not sure..it's had a couple of recent runs, then drops back to 26-27c. I'm suprised at this run, as they have also just effectively diluted the stock releasing additional shares, albeit not by much.
Maybe there is something lurking back there? Dont think any drill results are due...but who knows.
Re: NRU - Newera Uranium
Hi bigt. Thanks for your contribution. Through its recent issues NRU would now have around 43 million shares which is still quite small. Its recent raisings will bring up the company's cash levels to well over the $4million mark. NRU has good prospects in both WA (next door to NEL's Lake Way Project) and NT. Its also looking at acquiring new uranium projects. Hence, this probably why there is increased attention.
DYOR
Hi bigt. Thanks for your contribution. Through its recent issues NRU would now have around 43 million shares which is still quite small. Its recent raisings will bring up the company's cash levels to well over the $4million mark. NRU has good prospects in both WA (next door to NEL's Lake Way Project) and NT. Its also looking at acquiring new uranium projects. Hence, this probably why there is increased attention.
DYOR
Re: NRU - Newera Uranium
NRU announced yesterday that 5,075,043 were issued at 25c as a result of its Top Up Plan. Along with the placement of another 2 million shares via a placement at 25c, that's an extra $1.75 million (less expenses) raised by the company.
I have also forgotten to mention that in NRU's latest quarterly report that it had also made an application for the Angela and Pamela uranium resources in the NT. I notice that SEG recently had a strong market reaction in regards to their application yet it should also not be forgotten that NRU has also applied along with over another 30 parites or so. When I rang the company recently they were continuing to examine new uranium projects including 2 advanced projects in Chile and Peru, but no decision had been made as yet.
Any other views?
DYOR
NRU announced yesterday that 5,075,043 were issued at 25c as a result of its Top Up Plan. Along with the placement of another 2 million shares via a placement at 25c, that's an extra $1.75 million (less expenses) raised by the company.
I have also forgotten to mention that in NRU's latest quarterly report that it had also made an application for the Angela and Pamela uranium resources in the NT. I notice that SEG recently had a strong market reaction in regards to their application yet it should also not be forgotten that NRU has also applied along with over another 30 parites or so. When I rang the company recently they were continuing to examine new uranium projects including 2 advanced projects in Chile and Peru, but no decision had been made as yet.
Any other views?
DYOR
Sean K
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Re: NRU - Newera Uranium
Hi Greggy,
I've been following this a bit and like a couple of their projects. I'm not over the placements etc going on and how it's effecting the sp...
It was mentioned earlier that there were issues with Native Tittle at Lake Way. Is this still the case? That would be a bumber if it didn't get up. I'd be surprised if it didn't however. There is always a price for 'sacred land'...you just have to pay up.
Chart wise looks like 35 centish is turning into a hurdle. MACD looks like momentum is going up. RSI good also.
How's the market cap looking now?
Hi Greggy,
I've been following this a bit and like a couple of their projects. I'm not over the placements etc going on and how it's effecting the sp...
It was mentioned earlier that there were issues with Native Tittle at Lake Way. Is this still the case? That would be a bumber if it didn't get up. I'd be surprised if it didn't however. There is always a price for 'sacred land'...you just have to pay up.
Chart wise looks like 35 centish is turning into a hurdle. MACD looks like momentum is going up. RSI good also.
How's the market cap looking now?
Attachments
Re: NRU - Newera Uranium
Thanks for the chart. The chart is looking good with NRU. I notice that it went as high as 35.5c during the past week on high volume for this stock, but has since pulled back on low turnover. There have been two issues on the funding front:
1. The top up plan was increased to 5 million shares at 25c due to higher than expected demand
2. There has also been a placement of 2 million shares at 25c to institutions and sophisticated investors. That a number of institutions obviously like the company and have jumped aboard is a good sign.
Hence, NRU now has an extra $1.75 million (less expenses) in funding.
After taking into account the above, NRU would now have around 43 million shares giving it a market cap of only $13 million, with $4.5 million made up of it in cash. It is now a more liquid stock.
In relation to the Lake Way Project which is next door to Nova Energy's Lake Way Uranium Deposit, the Exploration Manager informed me that progress is being made and that drilling is planned soon after negotiations are finalised.
In buying this stock of which I recently purchased 160,000 at an average price of 29c, I feel that the NT Quartz Hill Uranium Project alone is potentially very exciting and am hoping it could end up being another ARU, but still its very early days. Initial rock chip sample results were highly encouraging.
Positive drilling results from this project alone could boost the share price significantly. Also, at the moment there's a frenzy going on for uranium explorers with NT interests.
As for the Lake Way Uranium Project, being next door to Nova Energy (NEL), NRU certainly has an excellent ground position. This project could also prove to be a company maker.
NRU are also looking at 2 advanced uranium projects overseas. Take a look at what's happened to other uranium companies that have taken this path.
NRU has clearly been overlooked and is only one of a handful of uranium focussed companies that is yet to have a major run.
DYOR
Hi kennas,kennas said:
Thanks for the chart. The chart is looking good with NRU. I notice that it went as high as 35.5c during the past week on high volume for this stock, but has since pulled back on low turnover. There have been two issues on the funding front:
1. The top up plan was increased to 5 million shares at 25c due to higher than expected demand
2. There has also been a placement of 2 million shares at 25c to institutions and sophisticated investors. That a number of institutions obviously like the company and have jumped aboard is a good sign.
Hence, NRU now has an extra $1.75 million (less expenses) in funding.
After taking into account the above, NRU would now have around 43 million shares giving it a market cap of only $13 million, with $4.5 million made up of it in cash. It is now a more liquid stock.
In relation to the Lake Way Project which is next door to Nova Energy's Lake Way Uranium Deposit, the Exploration Manager informed me that progress is being made and that drilling is planned soon after negotiations are finalised.
In buying this stock of which I recently purchased 160,000 at an average price of 29c, I feel that the NT Quartz Hill Uranium Project alone is potentially very exciting and am hoping it could end up being another ARU, but still its very early days. Initial rock chip sample results were highly encouraging.
Positive drilling results from this project alone could boost the share price significantly. Also, at the moment there's a frenzy going on for uranium explorers with NT interests.
As for the Lake Way Uranium Project, being next door to Nova Energy (NEL), NRU certainly has an excellent ground position. This project could also prove to be a company maker.
NRU are also looking at 2 advanced uranium projects overseas. Take a look at what's happened to other uranium companies that have taken this path.
NRU has clearly been overlooked and is only one of a handful of uranium focussed companies that is yet to have a major run.
DYOR