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ICB, if you think that is the case then you can buy URU stock till they reach parity, although you may want to consider that it may be the case that ZBNI is overvalued. You only have to look at the miniscule trading amounts to understand that a few small buys can quickly inflate the sp. Consider the possibility of an organised group of PI's making a few small buys in ZBNI to create such a disparity and then to propagate the URU under-valued mantra in order to sell URU stock.
My take is that there is no new news that has been RNS'd, that is has all the hallmarks of an organised pump and dump on the back of price rises in Nickel, something that, if it ever gets out of the ground in Zeb, will be years away. All resources at inferred and indicated tells you that. Oh, and then there is the history of the arch scammer Zorbas who has his claws deep in all of this.
Is it not the case that the value of URU’s holding in ZEB Nickel is considerably higher than our current market cap which would justify URU’s sp moving up. Is it not also the case that good news is expected imminently from ZEB nickel. I see that HH is very enthusiastic but are you suggesting that what he says is untrue?
Arok, if you're happy to have the share price pumped up artificially so you can offload to unsuspecting newbies, then what does that make you? No one is promoting negativity for the sake of it. There is no new news so it has all the trade marks of a pump and dump, which I, for one, am happy to call out.
Well, if you are invested/locked in URU, I rather see the share being ramped up for a good reason than not. If you are not invested and promote negativity then you are worse than the pumpers and dumpers - trolls !
GLA
Hedgey is running out of new things to say so is resorting to copy and pasting previous posts, which as you rightly point out jono, are from 2012. Interesting to see the ramping on OSI an then expressing surprise at the placement but then continuing to present reasons to justify it. For anyone new looking in check out HedgeHog's history and you'll quite quickly come to the conclusion he is trying to orchestrate a pump and dump here. Don't fall for it as you'll be left out of pocket for sure.
Well didn't expect a reply and never got one.
Latest ramp with link to an rns from 2012, wow.
Word of caution for anyone considering investing in any company while doing research on a public bb, don't accept what is posted is in good faith.
An example of a certain poster on the OSI , Osirium tech, bb.
Ramp after ramp when sp was 10p just prior to a placing at 6p, so be careful, not posting there anymore, job done perhaps.
Have a look might see someone from here.
Fully understand as ofd stated that some people don't really do research into a company and invest on sentiment and day trade but others will be left standing naked, holding uru shares when the tide goes out.
Good luck to any genuine investors here, but dyor and don't invest more than you can lose.
Name one which Zorbas had his claws in.
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 more than quadrupled in the last six years, which is all the difference in the world.
A rising nickel price completely transforms the economics of a project like URU's.
I could give you examples of mining stocks that have disappointed for many years, but have then gone on to hundred-bag.
Current nickel price: US$42,995.00/tonne. = US$19.5/lb.
URU's 2012 PEA reported that the Zeb Nickel project would be nicely profitable at nickel prices of well under half that level, with a NPV of over a billion dollars:
7th Jun 2012 9:18 am RNS Preliminary Economic Assessment
"URU receives positive NI 43-101-compliant Preliminary Economic Assessment of
the Zebediela Project, South African Nickel Joint Venture
Highlights
• The Preliminary Economic Assessment (PEA) of the Zebediela Project projects a pre-tax and pre-royalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate.
• Indicated resources stand at 485.4 million tonnes at a grade of 0.245% Ni with additional inferred resources of 1,115.1 million tonnes at a grade of 0.248% Ni.
• Using indicated resources only, a proposed open-pit mine is envisioned with a 25 year mine life producing 56,600,000 lbs of recoverable nickel per annum.
• The project is projected to a lowest-quartile cost nickel producer.
• Substantial opportunities are available to the South African Nickel Joint Venture (SAN JV) to increase the project value through resource accretion and the addition of a magnetite concentrate revenue stream.
Commenting on the nickel joint venture PEA, Paul Loudon, Non-Executive Chairman of URU Metals, said: "The PEA indicates significant value accretion from URU's investment in the SAN JV. With expenditures of approximately $4.2 million to date, the Joint Venture has defined a large low-cost open pit disseminated sulphide nickel resource at Zebediela that has excellent economic and growth potential." ...
Zebediela Nickel Project
The Zebediela Nickel Project is located in the Limpopo Province of South Africa close to the platinum mining town of Mokopane, very close to existing rail, highway, and electrical power infrastructure.
The PEA validates the Zebediela Nickel Project as a large disseminated sulphide resource with mining engineering aspects similar to typical porphyry copper deposits in terms of size and grade. The NI 43-101-compliant PEA outlined indicated resources of 485.4 million tonnes averaging 0.245% nickel, and additional inferred resources of 1,115.1 million tonnes of 0.248% nickel. The Zebediela Project also contains significant iron minerals in the form of magnetite that is also being investigated as a potential by-product. ...
The PEA projects a pre-tax and pre-royalty net present value of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate using a nickel price of $8.50/lb and a ZAR/USD ratio of 8.1. Annual cash flow is project to be $203 million. ..."
https://www.lse.co.uk/rns/URU/preliminary-economic-assessment-rwhvuzfzrr24ir2.html
URU Shares in issue 1,646,691, Zeb Nickel Corp (ZBNI) shs in issue 54,800,000, current s/p CAD 0.35 giving an MC of CAD $19,180,000 or £11,339,704.
URU hold 41,000,000 ZBNI shs or 74.8%, based on this the MC of URU compared to ZBNI should be around £8.5 mil or just over £5.00 per share.
OK it doesn't trade much in Canada, or here for that matter, but if the BoD of ZBNI actually make some progress the current URU s/p is looking low IMO.
Day traders or people who came at the right time dont care about that Jono
Was an interesting day to day, LME destroyed the momentum so Zorbas didnt have to with a "no reason for the rise RNS"
I see LSE was on the ball though abruptly removing the new account today which was good to see
I'm sure Hedge will be on shortly with the answers, Jono.
Anyone know when
The mining right might get granted.
The capex required
How long it might take to start of production
When will a measured resource be announced.
Jono,
Posting research isn't ramping.
And this board clearly needed research: you didn't even know that Zeb Nickel had drilled in Q4 until I posted.
I recommended URU as a "Strong Buy" last week on a number of occasions because that's exactly what it was:
"Price: 135.00 Strong Buy"
Since then, I haven't Used the "Opinion" option here when posting ... until now, when I'm giving it a "Buy" opinion.
You, conversely, were urging people to sell last week for as little as 120p.
A little humility might suit you better, when you have clearly called it so badly wrong.
If you weren't so blinded by bitterness then you might see the opportunity here.
Where have the pieces of shyte gone?
Been in a meeting, came out and its gone fukcing belly up?
HH
Don't Think calling you a ramper was an insult to you as that's exactly what you are.
All you've done is ramp this company and unfortunately it's probably going to result in a few people buying in and when it all goes south again, as it will, they are left holding the shares that the people you are carrying out the ramp for have sold and you will disappear until you reincarnate yourself under a different name to repeat the same ramp.
Have you done any research on the question Amtech posed or are you just trying to ignore it as you don't know the answer.
Looks like I missed a few posts as there seems to be a few missing wonder what was said.
Anyway good luck to any genuine people who have bought in here and hope you get out before the rampers press the final sell button because by then it will be to late.
Pump and dump as per usual
Just announced a short time ago.....
The London Metal Exchange (LME) has now cancelled all nickel trades that took place today, as the price doubled to a record $100,000 per tonne.
It has acted after prices doubled in a matter of hours in a remarkable short squeeze which reportedly leaves a Chinese nickel tycoon facing heavy losses potentially running into billions of dollars.
Having already suspended nickel trading this morning, the LME has now decided to cancel today’s trades executed since 00:00 UK time, and defer delivery of all physically settled Nickel Contracts due for delivery tomorrow.
In a notice to members, the LME says “The current events are unprecedented”, and that it is tracking the impact of the Russia-Ukraine situation on the metals market.
"Forgot to say that they also have to revert to personally insults when they dont get their own way, everytime."
Jono,
URU has more than doubled in under a week since I first posted it on.
If that is 'not getting my way', then I hope to 'not get my way' many more times in the future!
As regards insults: you have called me a ramper, and John Zorbas has been called much worse than that.
It's always the same with your trolls: you love to give it out, especially to people who can't answer back, but then when you get told a few home truths you run crying to Mummy.
P.S. how is your "Strong Sell" recommendation yesterday afternoon doing:
jono44 Posts: 1,469 Price: 175.00 Strong Sell
RE: Nickel up Mon 15:16
Zeb Nickel Corp.
$0.35 0.14
(66.667%) V:35.72K
https://money.tmx.com/en/quote/ZBNI
URU owns 74.82% of Zeb Nickel Corp. (ZBNI), which rose strongly on the Toronto Stock Exchange yesterday evening U.K. time.
It closed at 35c., market cap. CA$19.209M., which equates to about £11.5M.
Which values URU's stake in ZBNI at £8.6M.
Whereas URU's current market capitalisation, at 335p, is still only £5.52 million.
But ZBNI has only just started to move, and it looks like it could be the start of a breakout which could go much higher.
Especially with results of Zeb's drilling in the Q4 2021 expected to be announced imminently - and apparently they are great.
HH
There is no DFS there has also only been around 30 holes drilled, still looking at PEA from 2012 so it’s all still one big gigantic guess as to what’s in the ground. The Zorb has been here since 2014 and very little progress has been made for the benefit of shareholders barring one. You guessed it The Zorb, who amassed a chunk of the company for doing very little but look after himself. Enjoy the uplift in the sp, still a long way to go to get out the basement and above the floor, same again though nothing that the Zorb has done all on the price on Nickel but I bet he’ll claim it.
Hope board take cue from this, prove up and sell the damn thing to our next neighbour, Ivanhoe, perhaps ! Just get your finger out....opportunity knocks !!
ATB
Ok so it was my last post but can’t help but post this
Nickel up 82.89% @ 87,900 to per tonne. ;-)
Ok last one for me today
https://m.youtube.com/watch?v=H37V-RA_7KU
Have a good day all ;-)
Looking forward to a nice rise in the coming days as more and more attention gets focused on Nickel
projects
GLA Holders :-)