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Never lost a penny on uru just to let you know.
I am looking forward and can see exactly where this is heading and thats absolutely nowhere.
Nickle price could go up ten times and this would still be uneconomical.
They have never even managed to get a measured proven resource and probably never will because ether don't need to, all they need is to do is make people believe a fairytale and there are enough gullible people out there that will fall for it.
Unfortunately there has been a few more gullible ones snared today who will only sell up to the rampers at a loss in the near future so that the cycle can be rerun in the not so distant future.
Which one are you.
Jono,
The mining sector is very cyclical, and when metals rices are depressed, a lower grade, high volume resource may not be profitable. Even the best management will struggle to move such a project forward in that environment.
But the nickel price has trebled in the last six year, which is all the difference in the world.
You've obviously lost money here by buying in many years too early, but you need to look forward now and see the opportunity ahead.
It may help to just view URU as an investment in Zeb Nickel, which in effect it is, at big discount.
URU's John Zorbas is just the seventh of Zeb's listed directors on its website, let alone being the CEO or Chairman, and probably has little active role.
Regardless of what you think of him, you're best off to let it go.
Hedgehog100 ,
My negativity
Management
Baseless ramping
Uru have in one form or another has been promoting zebiela since 2007 if not before, 15years.
In that time they haven't even managed to prove up the resource, living on promises.
Had to move assets to a 'new' canadian company as they had run out of options in uk.
How many times does it have to be ramp so others can sell onto the unwary.
Are you part of that.
Unreal, there is nothing stopping news here as drills must of been complete with results available
It's literally perfect timing
Wow, Nickel up over 10 % and almost touching 30,000 per tonne :-)
Zeb Nickel's CEO, Wayne Isaacs, has an impressive track record, including taking another TSX listed African mining share from start up to a $750M.+ market cap. -
"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.
This extensive experience has allowed him to successfully seek out and engage and acquire significant resource assets and financing to support exploration, development and mining activities for his operating and investee companies. 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. Mr. Isaacs is currently a Director of AM Resources Corp. (TSX.V: AMR), a mining company engaged in the exploration of coal, hydrocarbons and gold mining sites located in Colombia. He is a graduate of the University of Western Ontario and has held numerous securities certifications and licenses."
https://zebnickel.com/board-of-directors/
Might jump to £4 very quickly, if it hits £6 that will be me out.
Over the pond stock market still to open too
About to go mental
BOOM INGREDIENTS .
Such a tiny share float available and nickel getting more expensive
Remember to keep an eye on Zeb Nickel for those drilling results.
https://money.tmx.com/en/quote/ZBNI
URU is up 26% today on no news, and on a bad day for the markets.
It makes you wonder what it could do with a good RNS, and a good day for the markets ...
And the market cap. is still only 3 million quid, for a three quarter shares in one of the world's largest nickel projects (in situ nickel value c. US$100 billion), at time of soaring nickel prices.
URU is currently number two on the top risers board, which should help raise its profile now and this weekend.
LSE % Gainers Top Lists
EPIC Name %
EVR Evraz +59%
URU Uru Metals +26%
Let’s just hope JZ is not typing up his standard we know no reason RNS
I find it funny when he releases these when the shares have plummeted from my buy in price of 2p (£20.00 in todays price) several years ago
I feel that If JZ had stopped dragging his heels we could have taken advantage of these rocketing Nickel Prices.
However if Nickel prices remain at these levels, I feel URU could have a massive potential
Good luck all holders, still holding here for my sins lol
I'm an LTH too, used to day trade prob 2017 and kept some, they've just been sitting there steadily losing over the years! A good RNS could help, I say could, you never can really tell in this market :-(
Let's hope so, i bought these in 2018.
I feel a RNS is due
Fund raise likely to be at a premium around 4500p
O.K. Jono, thanks for that, but it was clear cut anyway from the Proactive Investors article.
I'm afraid I just don't get your negativity re. URU, especially considering its huge discount to its Zen Nickel stake.
"ZBNIF
ZEB Nickel Corp.
Ordinary Shares
0.22"
"MARKET CAP Market Cap
12,074,653"
HTTP://www.otcmarkets.com/stock/ZBNIF/overview
US$12.074M. = c. £9.056M.
URU owns 74.82%, = c. £6.77m.
Current URU market capitalisation at 1.35p: £2.22M.
So there's a huge valuation disconnect here: either URU is hugely undervalued, and/or Zen Nickel is hugely overvalued.
But Zeb is only trading near the level of its CND $2M. RTO (reverse takeover) fundraising last summer, which was at CND$0.25.
You would expect any future Zen Nickel fundraising to be at at least that level, and probably more, buoyed by the imminent good drilling results, and the soaring nickel price.
Dave85
OK hold my hands up just watched the video and Isaacs does categorically state that drilling has commenced and they have completed 2500m of drilling and video dated 19th Nov so hedge looks like you were correct so apologise to you .
But it doesn't change my outlook or perception of the Company one bit.
Jono,
Obviously it's not URU itself carrying out the drilling, but its c. 75% owned subsidiary Zeb Nickel.
"Zeb Nickel is advancing South African nickel sulfide deposit as globe goes green
Zeb Nickel, which went public in August, 2021, wants to supply the ballooning EV industry with raw material to make battery cathodes and is sitting on a high-grade nickel sulfide deposit in mining-friendly South Africa
Giles Gwinnett
12:00 Wed 01 Dec 2021
... But in 2017, the project was transferred to URU Metals (now a majority shareholder in Zeb with nearly a 75% stake), which revived the story and carried out extensive exploration. Zeb was born as a result of the desire to publicly list the project and raise capital to advance it. URU sold it to shell company Blue Rhino Capital Corp, which Zeb reversed into. Concurrently, around $3 million was raised to start drilling.
And Zeb has already completed around 2,500 metres (m) of a 3,600m first phase drill program, which kicked off in September 2021, targeting higher grade nickel, included in the footwall and part of a historic resource estimate.
Isaacs said the drilling is progressing very well and the company is already seeing good visible results. The campaign is expected to be completed by the end of the year, after which the company will await lab assays, ahead of a potential second phase of work, where deeper, higher grades will be targeted.
"We believe that we have identified some very viable high-grade zones that we have not even touched yet and I think once we get into some of that drilling in our Phase 2, we're going to start seeing some spectacular results," said Isaacs. ..."
https://www.proactiveinvestors.co.uk/companies/news/967794/zeb-nickel-is-advancing-south-african-nickel-sulfide-deposit-as-globe-goes-green-967794.html
Hedgehog
Read the link you provided and forc he record I nevers aid if was fake but the article does not even mention uru so how does that provided proof of drilling.
Are you sure your posting on the correct bb.
By the way I like HZM.
Jono,
You're being ridiculous.
Proactive Investors is a very reputable and well-established investment website, so it's a nonsense to suggest that article was faked.
https://www.proactiveinvestors.co.uk/companies/news/975027/disruption-to-nickel-supplies-likely-as-russia-is-world-s-third-largest-producer-975027.html
You have just proven my point about your posting silly nonsense.
Believe it or not, there are rules and laws against that, and indeed things have been strengthened recently, so you CAN be held to account.
Now, back to the very bullish outlook for nickel plays like URU.
HZM (Horizonte Minerals) is now rising today, as investors wake up to the implications of the Ukraine war for the nickel price.
Thanksto Picked Peck on the LSE HZM board for this useful new post:
pickedpeck Posts: 1,171 Price: 6.20 Strong Buy
RE: Nickel price Today 10:23
"FTC - Norilsk likely going very offline has changed the landscape. There may well be a scramble for Nickel assets. Every mine is always for sale, just a question of price. If the investors can achieve their exit price or higher two years or more early then of course they will take it. The investors are mine financiers not miners. All of their investments have planned exits and price tags."
ReplyRecommendReport Post
https://www.lse.co.uk/ShareChat.asp?ShareTicker=HZM&share=Horizonte-Min
Hedgehog
"So I provided that proof"
No you haven't .
And I haven't posted anything that is false,fact.
As for the FCA don't be silly.
In addition, I suggest that you stop posting your silly, market abuse nonsense, or I will be reporting you to LSE, who are very strict.
And that's just for starters, because I think that the FCA (Financial Conduct Authority) may also be interested.
Jono,
You said that drilling hadn't taken place, and challenged me to prove that it has.
So I provided that proof.
At that point, anyone of any class who had posted false information, as you had done, would then have apologised and retracted.
You have done neither, which clearly shows to all readers your complete lack of credibility.
"heading for op"
Well, you're sounding pretty desperate yourself, LOL!
In summary, you are a dishonest, market abuse troll!