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Hopefully close between 18-19p today
Bagholder
It may prove more prudent for AURA to go down the legal route and find a settlement with the Swedish government rather than try and develop a mining operation.
It would be interesting to understand what rights or implied rights AURA has over Haggan.
This is also difficult and expensive, but based on your observation of the Swedish political climate and a similar observation from others; mining is not a growth industry within the country.
There we go. Uranium price should rise significantly.
Uranium Mine? Very unlikely in my opinion. I believe the chances of ever seeing a Uranium mine in Häggån are virtually zero, with the chances for a Vanadium mine almost equally slim as the prospects of alum shale mining is controversial in Sweden. Successive Governments have also proven to be anti-mining with no new mining licences being granted for more than 10 years from memory, and the environmental legislation framework is just getting worse and worse every year. In this case, we also have a local council (Bergs Kommun) strongly against it, actively pushing the Government to outright ban any mining of alum shale. There is an ongoing Government investigation/process considering whether to tighten the alum shale mining rules further, which will eventually be voted on in Parliament. If you want to form a better picture of the various stakeholder views put forward to this Government committee, I have put a link at the bottom.
The guy you quote on Twitter is just picking up on loose comments from representatives of a desperate minority Government, which were made to appease people in the middle of an energy crisis, the step to a change in policy is huge. 2022 is also an election year in Sweden, and the ruling Social Democratic minority Government relies on a couple of smaller, fiercely anti-nuclear parties to remain in power. These parties are currently ahead of the conservative (pro mining) block in the polls ahead of the September GE. It is true that the opinion has turned in favour of nuclear energy (thanks to high energy prices), but this does not mean the Swedes want the actual uranium to be mined in country. You should also consider the Häggån location is very close to lake Storsjön, on which the regional capital Östersund is situated, and where the Indal river system flows through. The powerful Swedish environmental lobby should not have much difficulty in presenting a strong case against an alum shale mine in Häggån as things stand.
As always, do your own DD etc., these are my views only. I am personally invested in Aura Energy for the Tiris project and hope the company will be able to add further exploration licences in Africa or elsewhere. I see Häggån as a faint option value until there is a political sea change.
https://www.regeringen.se/remisser/2021/01/remiss-av-utvinning-ur-alunskiffer---kunskapssammanstallning-om-miljorisker-och-for****-till-skarpning-av-regelverket-sou-202071/
True. Aee 6.06% up on ASX
18.60 equivalent buys on ASX last night, yours for 16.75 this morning. Somehow the dip in U3O8 equities overnight shaken off in this share
Interesting, did not expect that. Thoughts?
Very interesting and... exciting
Some of you may find it interesting to read this twitter thread on the possibility of the Swedish Uranium mine 2x larger than Tiris. You don't need a twitter account to read it....
https://twitter.com/martinfrogers/status/1480881814214361089?s=20
...again
Uranium market will get hotter, the Tiris resource shallow and easy to mine in an accommodating state hence I think AURA will attract a bid from a mining major as a cheap add on.
By contrast look at the misery BKY is enduring in Spain trying to get a permit to mine from a lefty eco government.
I am not sure this is a prime takeover target as it is a one-trick pony, which only has one relatively small asset in Tiris with ~55m lbs, and that's it. We would need more exploration assets (Häggån is worthless imo due to its jurisdiction and location), which I hope we acquire as part of going into production at Tiris. I would see some kind of takeoff agreement with the likes of CNNC more of a possibility as the Chinese really needs more supply secured over the longer term.
Either way - Tiris alone should be enough to see us all rewarded handsomely once the spot (and as a consequence contracting) price starts heading north of ~$60-65/lb, which is hopefully not too far away with Sprott, YCA and KAP (when it calms down in Kaz) all out there acquiring physical uranium.
GL to all!
Already multi-bagged for most of us I think.
What makes you think a takeover is likely?
Happy days and content for the company to remain below the market radar as it makes an early bid and a quick multi bagger the more likely imo. Who might bid? China or a major like RIO or BHP perhaps.
Breakout appears to have continued.
Could be the last time we see shares offered in the 14s this morning.
Political unrest in Kazakhstan. Uranium price could go through the roof!
https://news.sky.com/story/amp/kazakhstan-state-of-emergency-declared-after-violent-protests-over-fuel-prices-12509194
AEE continues the breakout. Still low volume though. We need news to fuel the fire.
Once that news lands, watch the herd come running!
Expecting a good first day for Aura and an excellent first quarter. Inevitably 2022 will be a transformational year for Aura Energy.
UUUU and CCJ up this afternoon as US markets re open.
It would be great for AURA to kick off 2022 with a double digit sp rise.
Both aura and AEE listing have now broken out of the down trend on the chart. Uranium stocks up overnight in Australia including AEE and US & Canadian Uranium stocks likely to follow suit later today.
Aura is heading upwards and is still a bargain in the low teens.
We should see a surge of buying In January in anticipation of the ETF entry at the beginning of Feb.
Further news due on Tiris including Vanadium update. Massive year ahead as the company fast tracks their Tiris uranium mine to production.
We will all look back in the bit too distant future and realise how cheap the current price actually is . ….
Uranium Exploration to Uranium Production…. Massive difference and will result in massive difference in m-cap!
All the best for 2022, it’s going to be one hell of a year!
https://www.lse.co.uk/rns/RR./rolls-royce-and-qia-announce-nuclear-investment-zy3f0ghe5jj18ge.html
The money coming from Qatar and going into the Rolls Royce Small Mod Reactor Prog....very encouraging news imo. Uranium will have a good 2022 and Aura a ripe takeover target going cheap.
Last week’s news but put bluntly….
https://simplywall.st/stocks/au/energy/asx-aee/aura-energy-shares/news/john-han****-of-aura-energy-limited-asxaee-just-spent-au51m/amp
Aura’s mcap at the close was 10% below AEE’s.
AEE has just open 4% up; therefore currently 14% difference in mcap (if I’m not mistaken)
Hopefully AEE will push on a bit further over the trading session.
Canadian and US uranium stocks went up approx 10% after U.K. closing today. Possibly the long awaited reversal now that many of the stocks had retraced approx 40-50%
I expect Australian uranium stocks will follow suite including AEE.
I agree todays drop seems madness especially considering the small amount of reported trades.
Possibly manipulation for the privileged to buy/top up.
Either way I’ll be taking advantage in the morning as I expect a good day. The current price will be seen as a gift in the coming weeks imo.
Check out AEE (ASX) closing price in the morning. Should be a fair indication of what’s in store for Friday.
Levs, we need some good news and quick! Getting tired of the slow but painful drop in sp, today another slide for no apparent reason.
Vanadium assays and net zero study pending. Due within 3 weeks.