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Wow, Nickel now up again 14% that’s over 4,000 with price now at 33,135 per tonne, things are starting to get mental now
Basket price is getting bloody massive now
GLA Holders ;-)
Hedgehog, my questions were;
What does the DFS say?
How many holes have they drilled into this resource to confirm it as “gigantic”?
Hedgehog100,
I don't dispute that mining is cyclical but that doesn't explain the reason why after pumping this all those years ago with his .45p (now £45) is the floor comment, why the resources are still predominantly inferred plus indicated. i.e. not a jot of progress in all this time. You only have to look at Zorbas' behaviour in MRS and other companies to know what sort of character he is, irrespective of his pump and dump of this. Yes, the sp multi- bagged, but not on real progress but on an orchestrated pump and dump campaign. So anyone who knows the history of this is extremely sceptical and cynical of new people coming on and pumping it. Until we see some independent verified results from a drilling campaign that progresses the resources to measured, then it's all the usual pump and dump tactics as far as I and a lot of others are concerned.
To further illustrate how good mining shares can be in favourable market conditions.
Uru Metals (URU) is a South African nickel mining share, which may trigger memories of Uramin (UMN), a southern Africa uranium mining share.
Uramin was founded by Stephen Dattels and Jim Mellon in 2005 with just $100,000.
It floated on AIM in 2006, and was sold to Areva in 2007 for circa £1.6 billion.
Komakino,
The difference is that for Wayne Isaacs and Greg McKenzie, specific numbers etc. are given, whereas for John Zorbas none are given:
• "Mr. Isaacs ... He was the President and Director of Forsys Metals Corp. from 2003 to 2007, a TSX listed company with uranium properties in Namibia, Africa which he managed from start up to in excess of $750 million in market capitalization raising over $70 million ..."
• "Mr. McKenzie has held positions with Morgan Stanley, CIBC World Markets and Haywood Securities, and has been involved in transactions valued in excess of $18 billion. ..."
Subjective bumpf is open to over-bullish spin, whereas specific objective facts are different.
Also, have you noticed that for John Zorbas, he is the only one of the seven Zeb Nickel directors for whom the "Read More" option doesn't bring up any more info.:
https://zebnickel.com/board-of-directors/
It looks to me like his only reason for being a Zeb Nickel director is as the representative of its currently largest shareholder (i.e. URU).
There's no reason to think that he will have any active executive role in the company.
Finally, you need to take responsibility for your own investment decisions and losses.
If JZ had really 'scammed people', he could have been sued and/or prosecuted etc.
The reality is, he simply gave his best view of what he hoped for URU, but was derailed by mining bear markets, like countless other mining bosses.
I note from the long term URU chart that it has actually had periods of very good performance, when markets have been favourable:
1. From late 2008 to late 2009, URU 8-bagged.
2. From mid 2016 to early 2017, URU 10-bagged
It comes back to timing being all-important in mining investment.
URU has multibgged before in good market conditions, despite the involvement of JZ, so why shouldn't it do so again?
If people have previously bought and sold at the wrong times, then the best approach is to put it down to experience, learn from it, and attempt to buy and sell at the RIGHT times in future.
Well given that the site says this about Zorbas
'Mr. Zorbas is an entrepreneur with a proven track record in the metals exploration and development industry and the investment banking. He has held senior advisory positions in various facets of business including operations, marketing, sales, strategic planning and structured finance.'
with no mention of his distinguished career as a scam artist then I think you can take anything on that site with a large quarry of salt.
"Firstly “A quality company”, PMS, that’s a classic."
Amtech,
If the Zeb Nickel project was rubbish, there's no way that directors of this quality would be taking such prominent roles in it:
"Wayne Isaacs
CEO & DIRECTOR
Mr. Isaacs has a 30-year career on Bay Street specializing in the resource sector both as a corporate executive of resource companies and as an investment banker. ...
Mr. Isaacs has been involved as principal in 30 listed companies and has served as a director and / or senior officer of over 35 listed companies. He was the President and Director of Forsys Metals Corp. from 2003 to 2007, a TSX listed company with uranium properties in Namibia, Africa which he managed from start up to in excess of $750 million in market capitalization raising over $70 million to advanced its uranium property from the exploration stage to the production decision stage. ..."
"GREG MCKENZIE
Director
Mr. McKenzie (JD, MBA) is a former senior investment banker with more than 20 years of experience in financing, M&A, financial advisory, valuation, and strategic advice to mid-cap companies. Mr. McKenzie has held positions with Morgan Stanley, CIBC World Markets and Haywood Securities, and has been involved in transactions valued in excess of $18 billion. ..."
https://zebnickel.com/board-of-directors/
Note also the potential to add a PGE resource to the existing nickel resource, at a time of soaring PGE prices.
"The project is situated in the world class Platinum Group Element (PGE) and nickel producing region of the Bushveld Complex, located in South Africa. The Bushveld Complex contains over 75% of the world’s platinum reserves, which are usually associated with magmatic nickel deposits. The project is situated in the world-renowned Ni-Cu-PGE producing area of the Northern Limb, which hosts Anglo Platinum’s Mogalakwena mine, the biggest open cast platinum mine in the world, less than 15 km north of the Zeb Nickel project. Another noteworthy neighbor is Ivanhoe’s Platreef Project, situated approximately 5 km north-west of the project. The area is supported by excellent access to infrastructure with road, rail, power, and water, all located nearby or on site."
http://zebnickel.com/zebediela-ni-pge-project/
"A two phase program, totalling US$950,000 (C$1.2M), is recommended with the second phase
(drilling) contingent on the success of the first phase (environmental authorization).
The newly discovered Platreef style mineralization (priority Target 2) in particular, deserves further
exploration to prove the strike and dip extent of the mineralization, and for resource definition
drilling, with the goal to outline maiden PGE resources."
https://zebnickel.com/wp-content/uploads/2021/06/Caracle-Creek_Zebediela-Ni-NI43-101-Feb25_2021F-Complete.pdf
"February 28, 2022 7:06 PM GMT Last Updated 6 days ago
Palladium, gold jump as Russia sanctions unnerve markets
By Brijesh Patel
... "As sanctions increase on Russia and the tensions escalate, it creates a scarcity threat (for platinum metal groups)," said Eric Scoles, market strategist at Blue Line Futures. ..."
https://www.reuters.com/markets/europe/gold-set-best-month-since-may-appeal-surges-ukraine-crisis-2022-02-28/
Amtech,
A 50% spread around a mid price of 135p would have been a spread of 67.5p: 101.25p - 168.75p.
The spread was definitely never anything like that, and you would never have a spread with such odd bid-offer prices anyway.
Perhaps you have misremembered it, or got confused in someway.
Once the buying started on Friday, the price of buys quickly jumped to 166p, but at that point the spread had risen to 130p - 170p, i.e. 26.66% around the mid price of 150p.
04-Mar-22 12:07:31 166.00 3,500 Buy* 130.00 170.00 5,810 O
04-Mar-22 11:49:56 166.00 106 Buy* 130.00 170.00 175.96 O
04-Mar-22 11:17:33 166.00 237 Buy* 130.00 170.00 393.42 O
As regards the size of the project:
"ZEB NICKEL PROJECT
... The Zeb Project Contains a NI43-101 compliant resource over 3.9 million tons of contained sulfide nickel, ranking it number 8 in the global top ten nickel sulfide resources (Mudd, G. M., & Jowitt, S. M. (2014). ..."
http://zebnickel.com/zebediela-ni-pge-project/
3.9 million tons of nickel x current nickel price of US$29,609.00 = an in-situ nickel value of c. US$115 billion.
This is based on multiple drilling programs over the decades:
"The Project area has been the focus of several historical exploration programs for which
information is available, including: Rand Mines (1967 - 1971), Southern Era (1998 - 1999), and
Falconbridge Ventures of Africa (1999 - 2001). All available exploration data from these programs
have been consolidated and are presented and discussed in the Report. Previous exploration
programs consisted of soil geochemistry, airborne and ground geophysical surveys, trenching,
mapping and rock sampling, and several diamond drilling (core) programs."
"A number of drilling programs were completed on the Property between 2007 and 2020."
https://zebnickel.com/wp-content/uploads/2021/06/Caracle-Creek_Zebediela-Ni-NI43-101-Feb25_2021F-Complete.pdf
When I looked in on this board the day before the spread was at 50% it’s now showing 23.53% with a 40.73% rise, that’s a fact.
“A quality company like URU could be held for years, potentially yielding vast gains as its gigantic nickel project is brought into production, &/or bought out by a major company.“
Firstly “A quality company”, PMS, that’s a classic.
Secondly “its gigantic nickel project”,
What does the DFS say?
How many holes have they drilled into this resource to confirm it as “gigantic”?
"40% up ummmmmm the spread was 50% the day before the 40% rise."
Amtech,
The quoted spread was 120 - 150p, i.e. 30p, which is 22.22%, not 50%.
20% or so isn't unusual for a penny share, but looks worse in this case because of the high share price, stemming from a share consolidation a few years ago.
The value of the company doesn't change with a consolidation, there are just far fewer shares in issue, but priced far higher.
It's more psychological: a spread of 1.2p - 1.5p wouldn't look so bad.
But it's still typically possible to deal inside the spread: the first URU buy yesterday was at 147p.
That said, a wider spread is a double-edged sword, and can encourage longer term holding, which can help a rise.
A quality company like URU could be held for years, potentially yielding vast gains as its gigantic nickel project is brought into production, &/or bought out by a major company.
Hedgehog100, "If you remain fixated on the rear view mirror, that can blind you to the opportunity going forward."
If you ignore the fact that Zorbas is inextricably linked with this company, that can blind you to the prospect of being royally shafted.
Unless, of course, you are another one of Zorbas' cronies trying the old pump and dump :-)
if you are happy to invest in a company linked to Zorbas then fill your boots.
"You guys have obviously taken a punt here and when the sp started falling in the last week or so have realised that things ain't quite what you expected, welcome to uru."
Jono,
You appear to inhabit some sort of bizarre parallel universe, where share price movements are inverted.
I first posted on URU 3 days ago:
Hedgehog100 Posts: 1,639 Price: 135.00 Strong Buy
Buy Opportunity Wed 14:58
" ... Current URU market capitalisation at 1.35p: £2.22M.
With the price of nickel soaring, and Zeb Nickel well-financed and with a huge nickel resource, URU now looks looks like a real buy opportunity."
https://www.lse.co.uk/ShareChat.asp?ShareTicker=URU&share=Uru-Metals&page=3
The share price is now up 42% from that level, in a terrible week for shares, so well done to me on a good call.
But certainly not to you, for encouraging/scaring people to sell for as little 120p, when the last sale yesterday was for 50% more than that.
You also stated that no drilling had taken place, when just a few minutes of research would have revealed that it had: obviously research isn't your strong point!
You also suggested that the December Proactive Investors article on URU was faked, and now Komakino is suggesting that RNSes will be faked!!
I don't really need to add anything else about you, because yours are what are known as 'self-discrediting posts': good for a chuckle maybe, but ultimately highlighting your quite monumental idiocy.
With regard to URU; yes, the share price has fallen a long way over the long term, but that can be a sign or tremendous inherent value, with the sums previously invested not reflected in the current value.
If you remain fixated on the rear view mirror, that can blind you to the opportunity going forward.
"Zeb Nickel is advancing South African nickel sulfide deposit as globe goes green
Giles Gwinnett"
12:00 Wed 01 Dec 2021
... So the company and its project seem to have re-emerged just at the right time. With plenty of news flow ahead, an undervalued asset, a skilled management and technical team and the backdrop of a green energy revolution, Zeb Nickel could certainly be an interesting company to follow."
https://www.proactiveinvestors.co.uk/companies/news/967794/zeb-nickel-is-advancing-south-african-nickel-sulfide-deposit-as-globe-goes-green-967794.html
40% up ummmmmm the spread was 50% the day before the 40% rise.
OpentheBox
You just have to go back a month or 2 to see the same MO in play but by different posters. InvestingGenius (cf Hedgehog100) came on bigging up URU (having never previously posted on the company) with tales of the new listing over the water, imminent drill results and forecasts of sp of 1000. He/she was followed on by a new poster (since deleted but cf Gigontbsaaa) who helped to try and stir up enthusiasm. It was followed by a number of relative small buys to push up the sp (URU is so infrequently traded that a few small buys generate a decent rise in the sp) and then comments about fear of missing out etc to try and suck people in. The regular posters on here know Zorbas is simply a con artist (see MRS etc) and the tactics didn't work as the sp slid back to current levels. And so they decide to try again with new posters. Even if Zorbas announced drilling results via RNS I for one wouldn't trust the electronic paper it was written on. Just avoid at all costs is my advice. There are decent companies out there that are worth investing in rather than another Zorbas scam.
Openthebox
Just the usual short term ramping by certain people to 'make money' as one might say.
Assume that zeb will release some kind of drill results that will be ......
Uru might push it to raise and so the rampers need to offload now so they can replenish at lower price, just the game that gets played on aim.
But you have highlighted one point that prospective investors should be aware of.
In 2018 uru did a 1000:1 consolidation, now let that sink in for a minute.
At 2p a share at the time that equates to £20 a share today.
Now a bit of copy and pasting, the bod gave this as the reason
The Company currently has 780,571,489 ordinary shares of no par value in issue ('Existing Ordinary Shares'). The Board considers that this number of shares is considerably larger than that of similar sized companies on AIM and other Recognised Investment Exchanges and that this is having a negative effect on investor perception of the Company. Accordingly, a consolidation is being proposed in order to reduce the number of Existing Ordinary Shares that are in issue.
So today uru sat at £1.90 or really £1.70 because investors should always consider the bid price
when evaluating their shareholding bit of a drop from £20.
Take heed, be careful and dyor, don't invest because of anything posted on a bb.
ATB
Now Jono I agree with what you say and have been balls deep here since 2p days.
But what do you think is behind the 40% in a day rise? Thanks
You guys have obviously taken a punt here and when the sp started falling in the last week or so have realised that things ain't quite what you expected, welcome to uru.
It kind of explains the desperate ramping, and the forlorn hope of escaping with something and posting ridiculous price predictions and the copy and pasting anything that looks or might be construed as positive while ignoring reality is a norm for this bb.
And some of you no doubt have been reincarnated from old.
To make money Jono
Zorbas can't hide or milk the system forever
He will want pensioning off soon
Nickel is in high demand
LSE % Gainers
Top Lists
EPIC Name %
URU Uru Metals +41%
EVR Evraz +30%
Nice to see URU finish number one on the top risers board for the weekend, closing up 55p to 190p.
Hopefully this sets the scene for a good week ahead.
All wrong.
But tell me this why are you guys here.
I think what Jono means is, hasn't lost on URU as never invested. But has lost on other zorbas stock
jono the "never lost a penny on uru" - is that meant to be a joke ! What are you doing here - that's got to be the most bizarre comment on this board/stock!
"Never lost a penny on uru just to let you know."
I find that rather difficult to believe.
Many mining boards seem to be haunted by posters like you, almost like ghosts, endlessly moaning about past disappointments stretching back years, if not decades, and embittered about perceived management failings.
If you haven't lost money on URU, then why pick it out like this, out of the dozens of other mining stocks you could choose for the same treatment?
A rising nickel price completely transforms the economics of a project like URU, and your lack of understanding of this discredits you.
I could give you examples of mining stocks that have disappointed for many years, but have then gone on to hundred-bag.
Like to make a prediction that in the not to distant future Isaacs will step down and jz will take his place.