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Market response a bit disappointing but the main UK indices are all down on risk of ME War.
Nice but until the permits are all in place we are an explorer and not a producer.
Mac Bank and friends now own even more shares.....
Am I missing something here? A large institutional holder has been slowly and quietly increasing its stake. Why? Is there good news on the horizon? Not necessarily good news next week but possibly this year?
Update on Tiris, plenty of Uranium and near the surface which is great but.....when will mining commence?
Permits, permissions and funding lined up for production yet? We need more progress not more drilling results.
" has received a notification that Macquarie Bank Limited and its controlled entities (the "Macquarie Group Entities") are the beneficial holders of 95,318,712 ordinary shares, representing 13.22 per cent of the Company's issued share capital and voting rights."
Clearly Mac Bank think AURA is worth investing in......fingers crossed that Sweden does a 180 on Uranium Mining.
People on X bragging about their Paladin 10 bagger while I'm more or less back to break even after 4 years with this lifestyle company dog. Uranium bullmarket huh?
Aura treat UK shareholders with contempt, dont reward, sell your lifestyle company shares.
They said there would be a decision on the mine by the end of 23, then 24 and now its 25
All they have created is costs and dilution
Shame this is just a lifestyle company though and Grove is securing spots on the gravy train for his mates.
Https://www.zerohedge.com/markets/historic-reversal-us-restart-shut-down-nuclear-power-plant-first-time-ever
Interesting development....
Previous Aura SPP's have excluded UK holders, if Aura's sp rises between now and the SPP opening (Monday, 8 April 2024) anyone holding on the record date (last Friday) could possibly buy in, i guess you'd have to speak to your broker as most hold through a nominee account, I previously asked my broker to cast a vote on my behalf - which they did so no reason why you can't take up your allotment. The SPP price is $0.18, I'm assuming this is AUD, so would that be a simple conversion to £0.0924 for us?
"The Company is also pleased to announce its intention to offer a Share Purchase Plan (SPP Offer) to existing eligible shareholders, being shareholders of the Company with a registered address in Australia, the United Kingdom or New Zealand recorded on the Company's share register at 5.00pm (AWST) on Friday, 15 March 2024 (Eligible Shareholders)"
Market Makers are sheets who play nasty games with small investors punts. But, when a bid arrives don't sell a single share and watch them sweat and raise the sp 25% in an hour.
Where's the big sells in the trade data to justify being marked down -16% right at the end of the session after recovering all afternoon?
This will be diluted to hell at the start of 2025 IF they obtain the 100m finance required for the mine construction
Fund raise....dilution even if one buys at a discount.
Https://www.zerohedge.com/geopolitical/how-much-does-us-depend-russian-uranium
Keeps me invested here but losing money.....
Nearly got shaken out today and was really close to selling as couldn't stand seeing profits melt away. The raise on the ASX is supposedly priced at $0.18 AUD so that's 9.2p our money, I'd rather we didn't go as low as 9p but the Aura chart should have strong support there so if it does maybe anyone who still wants in could buy there. The positives are that the money is supposedly enough to see them through until FID, they've produced a FEED study, the latest drill results are good and there's more to come and the Uranium market seems to now be recovering from its wobble. What's other people's thoughts? Do we expect non-producing mining companies not to keep raising money?
According to my email alerts its a halt and a pause pending a private equity funding announcement.
Dilution in 5, 4, 3,....
Bugger!
Subdued response to such excellent drill results but it looks like that's where we are currently at in the Uranium cycle, a few companies have recently released good news which had little effect on the sp, Eight Capital put out a broker note on Nexgen and called it nonsensical that the market was overlooking their latest greenfield discovery. The thesis is still in play though, global Uranium demand outstrips supply and new mines need to come online. Pleased that Aura are progressing nicely and getting their ducks lined up ready for this current pullback to be over.
Nice, more uranium at Tiris but I want to see the mining permits all in place before celebrating.
Would anyone care to offer a guess/view on whether the Swedish Gov will reverse its decision to ban Uranium Mining in May? The options I suppose are....no change, a complete reversal or more talks later in the year! My personal view is that there is maybe a 60% chance of it being reversed in May. Were this to occur what might the share price re rate too?
Not being Australian based it's new to me as well easyp, I'm guessing Aura was upgraded from the S&P/ASX SMALL ORDINARIES (XSO) to ALL ORDINARIES (XAO). According to one of AEE's holders, Aura being upgraded could mean it is now eligible to be bought by some ETFs - so you were correct in that sense but it can be a double edged sword as AEE can become more available to shorters.
Not Aura specific but there's an interview available with the CEO of District Metals who hold a similar asset to Aura's Haggan in Sweden for anyone who's interested.
https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/District-Metals-CEO-Garrett-Ainsworth-Provides-Commentary-on-Sweden-Uranium-Mining-and-Drilling-at-Tomtebo-e2gdk5u/a-ab0vmf9
Thanks for correction.
Correction, admitted to ASX All Ordinaries as per rns.
Is that correct? From what I can gather S&P Dji oversee the ASX indices and AEE has been upgraded to the ASX 300 along with many other ASX listed uranium juniors.