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Yes v good news imo. Won't miss AIM. And no suggestion this is connected to any wider agenda eg fundraising or an acquisition. Quite interesting recent article about companies moving from AIM, why and what happens to SPs! http://iii.co.uk/articles/405334/what-happens-share-prices-when-companies-leave-aim

Both good RNSs imo. So the main focus remains on Haggan, which will probably dual-list in H2 2018 in London or Toronto, plus Sweden. Aura has "completed a valuation benchmarking exercise for the new IPO", which "is expected to realise significant vale accretion to Aura". So get your shares now, in time for payday sometime between the summer hols and Christmas! I agree that's a nice resource updrade on Tiris too. In some ways it must be a tough call to soft-pedal on Tiris to preserve cash. With signs the U market will improve this year, there's strong arguments to build low-cost U mines right now (cf BKY, and it's also what Cameco's CEO says he'd be doing if he could). Tiris is still pre feasibility study and some years away. Maybe the answer is to use the cash from the Haggan IPO to fasttrack Tiris.

I'm sure Oaktree have got itchy feet, and also that the man from Al Monty (and others) will be looking on with covetous eyes...

Agree. If Davy were right about NPV being 8.7pps 4 months ago assuming a European free market APT price of $300 per mtu, then that NPV figure will be higher now, 4 months on and with an actual price of $325 per mtu. I guess historic delays, and concerns over how Oaktree (with its 70%) might exit might hold the SP back, but this share is currently way undervalued around a third of NPV. Should be nearer 5p. A positive update will hopefully help sentiment, and with WLFE still sorting out Hemerdon, and Sangdong not expected to be in production before 2020 (if funding is achieved), ORM are very well placed to deliver now and profit from much-needed new production. IMO

Very good post Wheresitallgone. Couple of other thoughts. Menzies had been at Salamander (gas offshore E Africa) which had sold out to Ophir at a good profit a few years ago. He also seemed quite keen on Indonesia, currently an net hydrocarbon exporter, shortly to become a net importer. I also thought he was keen on both onshore (more expensive seismic but cheaper drilling costs) and shallow offshore (vice versa).

Looks like Aura are pushing Haggan forward vigorously. On the Haggan IPO, which will hopefully be a nice payday for Aura, the language seems a bit firmer now. "Aura Energy is targeting for the separate listing process to be completed in second half 2018." Only 72 days to H2!! Previously it had a "conceptual timetable of this year".

Yes. Only 72 days to Q3! Can't believe the SP's still in the 2ps. Smuggled a few more into the ISA yesterday.

Whilst we're waiting... it was nice to re-read Jan's proactive investors piece, particularly the comments on the Davy research, now that we're 3 months on, and in the light of the subsequent price increases. Back then, Davy calculated NPV of 8.7pps using a price of US$300 per mtu. Barrue also seems to be moving a lot faster than the other new non-Chinese competing projects, and hopefully commissioning is still on for Q3 2018. http://www.proactiveinvestors.co.uk/companies/news/190375/ormonde-mining-poised-for-a-seminal-year-in-2018-190375.html

Sounds sensible easyp. I'm in and under water and am holding for now. Iain Dey highlights the Commonwealth heads meetings this week, plus Modi's promotion of trade and investment with India, and the consequent likelihood India will comply with the Hague's ruling, even if India loses. CNE are confident of winning, but they would say that wouldn't they....

More than just a name change then, Neptune a separate company with perhaps no current connection to Engie following the acquisition.

Neptune is Engie if I've read it right (see table at bottom)

Should we assume F4a is a jv application between Engie and HALO? Could it be a 3-way with NAM, or even 3 separate applications?

Big rises for Cameco and others today on the back of the reports of Russia considering banning U exports.

in Sunday Times yesterday sees CNE as a flutter. In August an international tribunal is due to rule on CNE's dispute with the Indian govt, which could boost the SP 70% if CNE win.

That sounds about right ghostwriter. I think the E/�9.8m figure included enterprise value at 1 Jan 2017 plus profits since 1 Jan 2017 and other w/c and adjustments, but that in practice TLW retained the profits from Jan to completion in Nov 2017, and probably some other sums, such that only E1.8m was payable by HALO in Nov. A breakdown of the E1.8m would be nice. EV subject to "certain adjustments", "Completion Adjustments" and intra group balances (which will include w/c but are otherwise all basically undefined terms) needs clarification. Whatever, I think we all agree it's a great asset that's been ours since at least Nov.

SQZ's results for ye 31/12/17 out today. Hopefully not long to wait now for HNL's AR (also for ye 31/12/17). SQZ's results are v good, and the emphasis looking forward is how good the UK North Sea is for acquisitions and adding shareholder value! There's clearly some great deals to be done with divesting majors. PS zatcha etc assuming you're a PI I don't think there's any objection to you sharing anything you get from HNL here. They can't and won't tell you anything that shouldn't be for public consumption. I quite understand though why you'd want to check with them first for reasons of courtesy if nothing else. ATB

...And ORM (tungsten mine). It's (almost) literally a stone's throw from Retortillo, commissioning due later this year, with a rock bottom SP. It's brought more employment and skills to the area too, together with BKY. Whole might end up greater than sum of parts.

Quite right guys. Ridiculously cheap this close to commissioning given the current W supply/demand/price situation. I'll be bed and isa-ing a wedge come Friday to shelter capital gains from hopefully steep SP rises very soon.

Thanks ghost and rb - v helpful posts. Lots to look forward to anyway. Re-listing sometime this Q2 quarter perhaps, 2017 AR, Q1 2018 info/report, another deal and updated CPR maybe. Broker comments and targets will be welcome too. Discounting the 6p fruitcake, re-listing SP guesstimates from posters here seem to vary between about 40p and 250p+! Getting near time for a competition maybe...

Thanks ghost and rb - v helpful posts. Lots to look forward to anyway. Re-listing sometime this Q2 quarter perhaps, 2017 AR, Q1 2018 info/report, another deal and updated CPR maybe. Broker comments and targets will be welcome too. Discounting the 6p fruitcake, re-listing SP guesstimates from posters here seem to vary between about 40p and 250p+! Getting near time for a competition maybe...