Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Received an email alert which could be summed up as $11 in cash and "encouraging" talks in Africa and Sweden. In my opinion Sweden is key to a sp re rate. Africa will take years to progress to production.
A few years ago that Justin Huhn was doing landscaping work and complaining about his bad back, now he wears a suit and goes by the name the "Uranium Insider"
John Quakes comes across as very knowledgeable but he's been churning out bullish news & emojis for years, starting to think it's all BS but continue to hold incase history does repeat itself in terms of a Uranium bull market.
"The price of Uranium has to go up and new mines have to come online or the lights go out" The Uranium influencers said 5 years ago along with "We've modelled out global demand and even if all shuttered Uranium projects restarted there still wouldn't be enough supply, it'll get to the point where fuel buyers will be willing to pay any price to secure fuel for reactors that have cost billions to build"
So when does all this come to fruition or were they just plain wrong and don't have as much of an insight into the Uranium sector as they claim?
Stop issuing shares, get those permits in place and start digging ore ffs!
And Sweden, it has all gone very quiet, how about a progress report?
Https://on.ft.com/3rvZ6Sh
Macquarie has increased its stake in Britain’s gas transmission network as the world’s largest infrastructure investor bets on the long-term future of natural gas and hydrogen.
The Australian infrastructure giant and its consortium partner British Columbia Investment Management Corporation have bought a further 20 per cent stake in National Gas from National Grid.
RNS 17 July Mac Bank now own 12.43% of this company.
Anyone think now is a good time to buy some more shares?
Following is a report from FnArena. I think it’s worth keeping a close eye on Sweden’s stance on mining, the current government is in favour of overturning the uranium moratorium - this would unlock significant value at Aura’s Haggan project (the 2nd biggest uranium resources in the world and in addition one of the world’s biggest vanadium deposits)
“The Swedish parliament this week adopted a new energy target, which gives the new conservative government approval to advance plans to build new nuclear power plants. The new target sets a goal to have "100% fossil-free” electricity instead of “100% renewable”.
This is a key element of the government’s plan to meet forecast electricity demand by 2040 and reach net-zero emissions by 2045. The government supports new reactors that are essential for the shift to a fossil-free economy. Today, nuclear power provides about 40% of Sweden's current electricity supply.
But for those assuming a new source of uranium demand is opening up, Sweden also has aspirations on the other side of the equation.
Sweden boasts the European Union's largest uranium reserves but mining is not permitted. With new investments in nuclear power, the government wants to change the law.
Canadian-listed District Metals Corp last week reported its Swedish subsidiary has received approval for a mineral license application to explore for copper, molybdenum, zirconium, and rare earth elements in northern Sweden. The Ardnasvarre Property hosts several uranium, lead-zinc-silver, and copper mineralised occurrences.
In addition, Australian-listed Aura Energy is working to enable the granting of an exploitation permit for its polymetallic Haggan Project in Sweden, which includes uranium resources.”
According to the FT 21% of the company now owned by Institutional Investors of which Mac has the biggest stake with 11.8%.
What a shame the new guys and wooden Woodall are turning out to be as bad as Reeve and the old management, thought Aura could start being viewed in a new light...
I took another look at the FT Portfolio on AURA and as a result of the recent capital raising the company has about three years of cash based on a burn of about 2.7 mn pa. The one analyst offering a 12 month price target expects Aura Energy Ltd share price to rise to 0.40 in the next year from the last price of 0.165.....140%. Well that depends on a few things but is encouraging!
RNS.......Macquarie Group Limited ("MQG") now own 12% of Aura which is encouraging albeit UK holders recently got shafted.
Small Australian ASX mining companies are about as trustworthy as Brazilian ones imo.
Just when the sp should be going up the management decided to cripple us by raising at a 23.6% discount to the 5-day volume weighted average.
Take a look at the monthly uranium spot chart.
Draw a symmetrical curve on all lows. This will give you an indication of how far off the bull run actually is. The price needs to return to the curve before the ascent. I’m the price could return to the curve anytime from now (by tanking ) , by slow ascent or by trading sideways up until the end of 2024.
This is just my analysis but a fair one in my opinion. On that note, I ignore the twitter pumpers and trade the uranium pumps. I’m all out at the moment but will consider buying again soon enough, simply to trade but once the spot price has returned to the above mentioned curve, one way or another, I will then load up on U-equities and Aura if the price is right.
No never offered to UK investors, we didn't get a sniff of the 100m+ $0.052 AEE0 options offered in 2021, so when Bull Returns is talking about how much they're up on Aura it's not due to buying on the open market like us UK based mugs. These Uranium juniors are a waste of time, they burn through millions a year just paying wages and rehashing DFS's - all funded via dilution but there will always be punters like myself stupid enough to hold this junk because some massive uranium bull run is supposedly just round the corner (been hearing this for years)
Thought Aura had some other things going for it like the gold spin off or battery metals in Sweden with the wildcard being a reversal in the uranium mining ban but it's all currently come to nothing, what happened to the gold spin off and the deposit that was on strike to Kinross' Tasiast? Reeve was supposedly working a JV with Chilean Metals.
There seems to be no equivalent SPP for shareholders on AIM as for ASX?
Kicked in the teeth again, what kind of bloodbath will we see on the ASX tonight?
Looks like 9p could be on the cards soon. Stand by your bed chums.....soon time to buy Aura again and ride her up to 20p..once again :)
https://www.afr.com/street-talk/small-caps-aura-energy-iperionx-chasing-equity-20230501-p5d4la
Uranium explorer Aura Energy was seeking $9 million via an institutional placement and a further $1 million via a share purchase plan, according to a term sheet seen by Street Talk.
The offer was priced at 18¢ a share, a 19.5 per cent discount to the last traded price. The board and management intend to subscribe for approximately $100,000 under the SPP.
Aura’s raise comes after the company tested the waters with a $5 million raise in March last year to nudge its Mauritanian uranium project Tiris into production.
Looks like these guys are turning out to be as bad as Reeve.
Announcement coming re fund raising.....dilution etc.
Good news, later in 2023 the business should be making real progress towards production and Sweden not out of contention either. One for the patient punter?
"Kazatomprom CEO Yerzhan Mukanov said geopolitical uncertainties and sanctions are "reshaping flows of the nuclear fuel, prompting some power producers to build inventories." He said nuclear plants in Eastern Europe are seeking contracts from 2025, ditching reliance on Russia.
"We are preparing our reserves for production, so we will be able to respond to market requests," Mukanov said in an interview in Astana.
For decades, the world has had little choice other than Russia in sourcing enriched uranium for nuclear power stations. Since the invasion of Ukraine, European countries, and even the US, are attempting to reduce their reliance on Russia's nuclear energy superstore. "
Cautiously optimistic that Sweden will change its mind and policies ref uranium mining.