Aura Egy Share Price (AURA)

And today we should be ~12% higher at 19p based on A$0.355 close yesterday.. I am getting increasingly concerned over the liquidity of our London listed shares, this arbitrage is just not normal. Let's see if we get included in all if ther Uranium ETFs and if that will help us with liquidity, because unless this changes, it might get fugly trying to eventually scale down our positions over the years as we progress Tiris and/or the U3O8 spot price keeps climbing.

This would be flogging a dead horse in my opinion. As I am sure you are aware, Aura lodged a claim under the Energy Charter Treaty (ECT) against the Swedish Government seeking $1.8bn in compensation as a result of Sweden's decision to ban Uranium prospecting and mining. In early 2020, the lawyers representing Sweden concluded the claim had no merit as Australia had signed, but never ratified the ECT. Naturally, Sweden's lawyers concluded an arbitration process would be rejected as Sweden has not done anything wrong from a legal point of view. Aura can still try and take Sweden to international arbitration, or sue them in a common court, but I would have expected there to be movement on this front by now in case Aura thought it to be a genuine prospect.

For a small cap like Aura I don't think the costs of taking on a Government justify the potential upside based on the early conclusion with regards to rights under the ECT, and Aura is clearly focusing on the Vanadium prospect at the same site now, a difficult prospect imo, which I am sure won't be helped by suing the Government..

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.