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Next pnd (SENX)
HH, with only a PEA to go off does this company actually have a viable resource?
Jimmyjohn,
yes, URU has potential, I don't think anyone is saying it hasn't. As for it being a ticking time bomb, it must have the biggest battery in the world as it's been ticking for over 10 years. The only way this makes you rich is if you have significant shares and can organise a pump and dump, as HedgeHog/InvestingGenius (sic) have been trying to do over the last few months, or you are quite youthful and will live long enough to see it actually developed.
If they actually provide an independently verified drill report via RNS that moves the resource away from inferred and indicated up to measured then it's possible that it could attract significant investment. Until then it will just be pie in the sky, so my advice to people wanting in is to wait for something tangible. Yes, they may lose out on some price gains but they won't risk being taken to the cleaners by the pump and dump brigade who are obviously active.
Regarding MRS, I did not lose my investment, I was invested as it was a good solid mining business but sold out at a profit the second Zorbas was appointed NED. I followed what happened next, the Alerion scam and then administration. That's what Zorbas does, he has no intention of actually running a business but finding other ways to scam people out of their money. After all it's all he knows. So I'm not here as a bitter ex investor with a grudge. Aim investments are a very small part of my overall portfolio. I currently only hold one AIM stock where I took a significant position last year when prices where in the 7p-10p range. I'll be holding there for the forseeable.
Unlike bitter investors who have sold out I don't actually want URU to fail. I empathise with the investors who got sucked in on the 4.5p is the floor pump a few years ago (I was one but sold out with an annoying loss) so would like this to be developed and for OFD and others to at least get their money back. What I take exception to is people with no morals like HH/IG who orchestrate these p&d campaigns with no feelings for the novice investors they suck in and leave high and dry, and Zorbas who hasn't even heard of the word.
So I will carry on posting. It won't just be negativity for the sake of it, if we see actual RNS'd independent developments I will be as pleased as you. But I will carry on pointing out the p&d tactics.
Well, I for one am a keen investor and can see the potential URU has to offer.
I understand that URU and JZ don’t give regular updates and communication is very poor at times
It’a like a ticking time bomb waiting to explode and people that have been here long enough will understand that it doesn’t take a lot to get this moving and before you know it your locked out from buying
My advice is be patient
I originally bought in at 2p (£20.00) and I have taking it on the chin that I’ve got the timing all wrong. however I remain holding
I believe that a lot of posts on this board have been from people that have been burnt over at MRS and let’s just face it, it’s getting abit boring now,
I get it that you had lost your investment and I fully sympathise with you, but please stop speeding your negativity around the board
Investments can go down as well as well as up and you should only invest what you can afford to lose
If your not invested here then please just move on :-)
There are far more other things going on in the world than to live in the past,
Wish you all good health as always
PS: HH Thanks for the positivity, don’t bite back as there are plenty of investors here know know the potential of URU and are fully with you :-)
Lol, you can't bring yourself to say something against John can you. You do call him John don't you? You're as easy to see through as your alter ego Investing Genius. Same agenda, same writing style.
Anyway, I'll be here as long as URU exists, to let any newbies know what your game is. Sorry if that is inconvenient, but it's a small amount of my time and I get great pleasure from thinking in some small way I am helping to ensuring Zorb and his mates can't sell the stock they have at the expense of others :-)
Well, thanks at least for telling everyone what you are doing here.
This is a 'revenge' mission for you, isn't it.
You feel that John Zorbas 'hurt' you, so you want to 'hurt him back'.
Talk about blinkered.
Look mate, it is YOUR fault that you have lost money on URU, through investing at the wrong time in the mining cycle.
That is YOUR fault, no one else's.
If you need therapy for it, then go and see a counselor; stop using these investment discussion boards as a sort of free psychiatry service.
It's very simple, based on past history any company with Zorbas involved is not investable until there is some serious tangible evidence to persuade otherwise. Do you not research directors when you make an investment? If you do, please explain to me how you think this is investable with Zorbas all over it? Please don't try and use other directors as the reason, explain why Zorbas is investable.
"HH, your challenge is irrelevant."
RUBBISH!!!
Valuations don't exist in a vacuum, and any valuation assessment is meaningless unless you know what alternatives are being valued at.
Your complaints about 'time to production' etc. apply equally + to any very small cap. mining stock.
For you to try to make out that there is some sort of problem with URU on these grounds is dishonest.
HH, your challenge is irrelevant. We're discussing URU, not URU cf other mining stocks. I have never said no drilling was taking place so get your facts right. All I have said is investing on the basis of an interview, not RNS'd, with Zorbas in the picture is utter stupidity.
I see you're having to fall back on the old 'why are you here' argument, which is a bit sad.
LOL, after *****ing about me not answering questions, Komakino, we all note your complete failure to rise to my challenge, re. alternatives to URU at the same market cap. or less.
Who is investing in URU based solely on the December Proactive Investors interview?
Certainly not me: it's just one of multiple sources used to build up a picture.
But news drives shares prices, and you trolls were the first to complain when you thought that drilling hadn't taken place.
Now that we know that drilling HAS taken place, you try to dismiss it as unimportant.
Finally, just what exactly are you doing here if you think so little of the company?
I stand by my previous comments, about sad, embittered losers who seriously need to get a life.
HH,
"Obviously it will take years, and a lot of money, to develop the project. But that doesn't mean that the s.p. can't go up a lot in the meantime, as development milestones are crossed."
I don't disagree with that but only gamblers or idiots would invest in this on the basis of a proactive interview which wasn't RNS'd, and only irresponsible people or pumpers would suggest it was a buying opportunity based on that alone.
Bearing in mind Zorbas is heavily involved here and a key stakeholder, and considering his past activities at MRS for example, then I'd suggest it was rather more prudent to wait for something a bit more official before people considered this investable.
As I said, investing at this time is nothing more than a pure gamble, so minute stakes only I would suggest until a proper development plan is put forward. Until then it has all the trademarks of a Zorbas pump and dump.
Don't think anyone really cares what link you post now.
Things not moving in the right direction are they.
Remember you manage to ramp it up to 500p last time before you disappeared.
Sorry, but I posted the incorrect link in the second posted part of the following article:
"Electric Vehicles: The Dirty Nickel Problem
... Published September 27, 2020
By Cliff Rice"
This is the correct link:
https://cleantechnica.com/2020/09/27/electric-vehicles-the-dirty-nickel-problem/
Finally, I would add that there are 113 companies in the AIM mining sector, and I have looked at all of them!
(Yep, I really am that obsessive!!) -
https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer?markets=AIM&categories=EQUITY&page=6§ors=551020,551030
I can honestly say that URU is the most undervalued that I have found.
There are a few others that have run it a close second, but URU is top for me, considering the range of most important criteria:
• Outlook for the commodity.
• Valuation (i.e. market cap. for what you're buying).
• Size & grade of resource.
• Percentage of ownership.
• Accessibility etc. of resource.
• Safeness etc. of country.
• Quality of management.
• Access to funding.
• Time to production.
• ESG rating.*
* N.B. I am analysing the ESG (environmental, social and corporate governance) rating in purely valuation purposes for this exercise, although it may be a 'deal-breaker' fro some investors.
So let me issue a challenge: name me a mining stock at a market cap. the same or less than URU's ( £4.12 million at 250p) that is better value, and I will be happy to debate!
Instead of *****ing about URU in isolation, have the balls to name something else that is better for a market cap. of a few million pounds or less!
"... Instead of smelting, laterite nickel can also be handled by a lovely-sounding process called high-pressure acid leaching (HPAL). The CO2 produced by HPAL is about one third that of laterite smelting, but still several times as much as even the more carbon-intensive variants of sulphide processing. Not only that, but HPAL produces large amounts of waste — unstable and hazardous tailings, acid slurry, and magnesium sulphate effluent. The difficulty in storing these products in areas of high rainfall (as laterite nickel producing regions are) and earthquake-prone locations has led to the proposal that they should be discharged into the deep sea. This is not an environmentally friendly option. For all these reasons, HPAL is the second way laterite nickel is dirty.
The third way laterite nickel is dirty is through the destruction of tropical rainforest — and not just any rainforest. Because of accidents of climate and geology, laterite nickel deposits are most extensive in Indonesia and the Philippines. These two countries account for 75% of laterite-nickel production. They are also considered biodiversity hotspots in that they are exceptional in the number and uniqueness of species that occur there. Therefore, effective conservation of their biological resources is a high priority.
Because laterite nickel deposits are widespread, low grade, and shallow, strip mining is the only realistic method of obtaining this ore. The first step in strip mining is, naturally, to remove everything growing on the surface. I estimated that over 40% of the nickel mines on the island of Sulawesi in Indonesia stripped intact rainforest to get to the nickel ore. Recent assessments by the United Nations and others have highlighted the accelerating rate of species loss on our planet. Strip-mining for laterite nickel is a threat to efforts to arrest and reverse these trends.
Importantly, due to the geochemistry involved, laterite nickel deposits often form along ridges and hilltops. A moment’s thought is all it takes to predict what will happen when heavy tropical rain falls on ridges and hilltops from which all vegetation has been removed. The rains will wash away any loose dirt, sand, or grit that has been exposed. Indonesia and the Philippines are island nations, and none of the islands with laterite nickel are very large. As a result, sediment washed off of nickel mines is, in short order, carried out to sea. In the tropics, “out to sea” means onto coral reefs. This is the fourth way laterite nickel is dirty nickel. Coral reefs around the world are already in crisis due to rising temperatures, pollution, and exploitation. Sediment settling out of discharge from streams and rivers severely exacerbates these issues. Coral reefs are the rainforests of the sea, and are also important in supporting local livelihoods through fishing and tourism. ..."
https://www.batterymaterialsreview.com/ourblogs/is-it-time-for-lower-grade-nickel-sulphide-projects-to-shine/
"URU's 2012 PEA reported that the Zeb Nickel project would be nicely profitable at nickel prices of well under half the level, with a NPV of over a billion dollars:
7th Jun 2012 9:18 am RNS Preliminary Economic Assessment
https://www.lse.co.uk/rns/URU/preliminary-economic-assessment-rwhvuzfzrr24ir2.html"
AMENDMENT:
I meant to say at well under half the CURRENT level.
"Electric Vehicles: The Dirty Nickel Problem
... Published September 27, 2020
By Cliff Rice
... Nickel is mined from two types of deposits — sulphide and laterite. Sulphide nickel occurs in hard rock that has formed from crystallization of magma with the proper conditions and chemistry. Laterite nickel is a product of the weathering of ultrabasic bedrock under proper conditions of rainfall, drainage, temperature, and slope in the tropics.
Nearly all nickel currently used in batteries comes from sulphide nickel. This is because batteries require nickel of high purity, which is usually obtained from sulphide nickel. Also, sulphide nickel can be mined, smelted, and refined with less environmental impact than laterite nickel. So, when Mr. Musk or other electric vehicle manufacturers indicate they want nickel which is efficient and environmentally friendly, they mean sulphide-sourced “clean” nickel.
The problem part of the “dirty nickel problem” is that sulphide nickel sources are limited. Most known locations with sulphide nickel are already being mined and cannot be readily expanded. Some of these mines are on the surface, but many are subsurface mines, sometimes with the nickel ore being brought up from thousands of feet below ground. Greatly increasing the output from such mines is problematic. Furthermore, recent discoveries of new locations with sulphide nickel have been small and finding them has been costly. So, we should not expect new discoveries to have much effect on sulphide nickel ore supplies.
This leaves us with laterite nickel, the dirty part of the “dirty nickel problem.” Laterite nickel is not just dirty, it is simultaneously dirty in four different ways. First, because laterite nickel ore has lower and variable concentrations of nickel, it takes a lot of energy to smelt it — in fact, many times as much as smelting sulphide ore. This energy is almost exclusively provided by burning coal. Typically, it takes 25 to 30 tons of coal to produce a single ton of nickel. When all the CO2 emissions are counted, smelting and refining laterite nickel releases nearly 90 tons of CO2 for every ton of nickel produced. That means an average electric vehicle with a 50 kg battery, 4 tons of CO2 were released during its production. Depending on the type of power used to charge that battery, that means one would have to drive that car for 4 years to break even on the CO2 footprint based on the manufacture of the battery alone. ..."
HTTP://cleantechnica.com/2020/09/27/electric-vehicles-the-dirty-nickel-problem/
"There is Nickel but is it commercial and what is the cost and timeframe for extracting it? These are all questions that HH prefers to ignore."
Komakino,
URU's 2012 PEA reported that the Zeb Nickel project would be nicely profitable at nickel prices of well under half the level, with a NPV of over a billion dollars:
7th Jun 2012 9:18 am RNS Preliminary Economic Assessment
https://www.lse.co.uk/rns/URU/preliminary-economic-assessment-rwhvuzfzrr24ir2.html
The fact that it was ten years ago doesn't invalidate it.
Obviously it will take years, and a lot of money, to develop the project.
But that doesn't mean that the s.p. can't go up a lot in the meantime, as development milestones are crossed.
You could buy into a nickel project much closer to production like HZM ... but pay a market cap. of hundreds of millions.
And the fact that URU's is a nickle SULFIDE project, as opposed to a nickel LATERITE project like HZM's, is a big selling point.
Nickel sulfide deposits have far lower production costs, are greener, and are also far more suitable for use in EV (electric vehicle) batteries. -
Mudd, G M, 2009, "Nickel Sulfide Versus Laterite : The Hard Sustainability Challenge Remains":
" ... sulfide ores are easier to process, through conventional mining, smelting and refining, compared to laterite ores which require intensive hydrometallurgical processing (such as high pressure acid leaching or HPAL). This means that laterite ores typically require substantially more energy and chemicals to produce than sulfide nickel. ..."
https://users.monash.edu.au/~gmudd/files/2009-CMS-01-Nickel-Sulf-v-Lat.pdf
"Is it time for lower grade nickel sulphide projects to shine?
By: Matt Fernley
Posted on - 20 Dec 2021
This article first appeared in the November 2021 edition of Battery Materials Review.
... We believe that it’s time for lower grade nickel sulphide projects, historically shunned by the market, to start to shine. ...
Increasingly then, the Majors are looking to the sort of bulk tonnage, lower grade sulphide projects which have historically been shunned by investors. There’s another consideration though, and it’s going to be an important one for battery grade nickel projects.
Environmental considerations to come to the fore
We’ve already seen a number of Majors flirt unsuccessfully with low grade, bulk tonnage laterite nickel projects. ...
So, for battery raw materials, I would suggest that investors look much more closely at lower grade nickel sulphide projects ..."
https://www.batterymaterialsreview.com/ourblogs/is-it-time-for-lower-grade-nickel-sulphide-projects-to-shine/
I remembered a couple of days ago that I had a few of these from years ago. So it will come as no surprise to you that I need these shares to go up a lot to get my money back! I am aware of the history but draw some comfort from 2 other old resource stocks that I had given up on have made good comebacks in the last year, CHAR and JLP. I have some optimism that now may be the time to make money with Zinc.
U r correct he did say that, but also trades it ( whilst saying its terrible ) -- ie knows where the bottom is makes use of that makes some money
As I say the and "ones holding baby" can never do that as it will never get anywhere near there average
they see the same scenario happen again and again
Essentially that is all that this has ever been to date, a tradeable share, which is what Amtech did advise consistently if memory serves me right.
Amtech also trades it
We should all have listened to Amtech back in the day :-)
"IF you buy in at these prices you are taking a very high risk punt imo"
Not as much risk if you buy around 2000-3000-4000p plus then get consolidated to death - as lets face it those who bought there will likely not get that money back in this lifetime
The ones in the know, know where the bottom is they buy pump and leave with their mates, then buy themselves a new lambo with it
We all know who's behind the multiple accounts
There is Nickel but is it commercial and what is the cost and timeframe for extracting it? These are all questions that HH prefers to ignore. Yes, traders can make money of course, which is why the p&d crew are here, but it's equally easy to get caught holding the baby, as you don't know what their sell price is. Could Zeb be extremely profitable at some point in the future. Certainly possible but the thing is no one knows because there is not enough drilling information to determine that. IF you buy in at these prices you are taking a very high risk punt imo. If that is your thing then that's all fine and dandy, but for newbies getting swept up on a wave of excitement, which is what HH and his cohorts are trying to create, then that old phrase caveat emptor is one worth checking out.
Am I missing something - there was a correlation - Nickel prices rightly or wrongly was on the rise by some factor. Unless we think there's naf all in them grounds, we are all wasting our time!
In any case, are you really telling me you are worried about folks losing money or your hatred for the company/JZ - but that's the way financial services work! Winners and losers, fact!
Some folks could've or indeed did double their investment in the past few days....
Still think despite the you know who, theres some mileage in this stock and with current geopolitics, this could give us some return!
ATB