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Plenty of scope for short term SP increases regardless of first tranche of the Omani loan being convertible @ 50p imo. Exploration, project, offtake or U market news for example. 50p-ish more of a floor than a temporary cap imo.

I agree with the Nigwit/Baht school of thought. There's been 110 favourable reports/permits, all of which will have been fought against by the anti-nuclear lobby. There are more reports/permits to come, which will be similarly fought against. BKY will consult with their lawyers/nomad and other advisors as to what info has to be or is desirable to be released re these delays, and legal and other challenges. They are obliged to disclose anything potentially materially affecting value. The BoD are also best placed to make decisions about the construction timetable and the optimum time for delivering the mine. They'll probably soft pedal on occasions, and rev it up on others. They won't get it exactly right, but I think they're doing a good job and communicating well. And whilst I'd also like to hear more, I don't feel hoodwinked about ongoing challenges from the anti-nuclear lobby. I certainly don't want BKY to expedite building the mine just because they've raised the money, if it then just has to be mothballed for ages at great expense.

Back to the bottom drawer again, although the more important news here imo is that those Hinkley contracts are now signed. The fact that they're "shifted to the right" because of changes to "scope programme and design" is a pain but perhaps not unexpected. There's nothing straightforward about Hinkley. RHL's fortunes very much tied to nuclear imo. Don't hold your breath but the rewards might come eventually imo. Relative to mcap the order book and Cavendish framework agreement are huge.

A steady as you go report imo. Looks like news on construction, permitting, offtake and exploration can be anticipated this year. Mine "scheduled to reach production in 2019".

Sangdong off take signed, a CP to funding, so the competition seems to be proceeding, albeit a bit slower than they wanted. No excuse for anything but full steam ahead on Barruecopardo. Let's hope for that positive update soon. http://almonty.com/_resources/AII_NR180313.pdf

Maybe not, but it struck me as a bit unusual for Aura to be speculating in an RNS as to why we shareholders might be buying their shares for 2 specific reasons already known. Hint that there's some news on those projects coming perhaps.

Interesting cryptic RNS. Often these types of RNS simply say "The Company does not have knowledge of specific reasons for the share price movement" and stop there. So why go on to detail what we already know is the anticipated near term news? Mmmmm. At the very least the half yearlies should be interesting and we may get news too.

Nice rise yesterday. The AGM statement on 1 Feb said "the Hinkley opportunity remains very real for the Group and we remain hopeful of signing this contract in the very near future". RR. have just signed a heat exchangers contract with EDF for Hinckley. Are we about to hear RHL have bagged a juicy contract too?

Whilst I doubt it, it would be nice if there was an HMRC provision to shelter (or "transit-lounge") temporarily delisted shares that were held in an ISA. It seems unfair that there should have been a deemed withdrawal in these circumstances of de-listing, if there's no corresponding right to put the same shareholding back into an ISA when it becomes eligible again eg on re-listing, and moreover without having to use the ISA allowance for the tax year of re-listing to do so. There could perhaps be some safeguards as to time/circumstances etc to make it fair on both HMRC and the shareholder. After all, HNL is not a failed company - quite the opposite - it'll likely re-list shortly as a much stronger beast. And how would CGT work? Do you have to work out a new base cost at the point of the deemed withdrawal? Nightmare. There'd be all sorts of issues with Sipps too. This chatboard needs a lawyer or accountant.

I think those late reported chunky trades are both buys, as are many of the smaller trades this pm reported as sells. Certainly my sell @47.99 was a buy!

What an astute acquisition HT was for AVG. I guess this is one of those contracts that had been "shifted to the right" now taking centre stage.

Good points Duncan. You're right Aura's a speculative investment, the flagship project Haggan is 5-7 years from delivery, and the other projects also have a way to go. But I think there's progress across the portfolio. The Dec quarterly report is a good read. You're absolutely right to make the point about approach to Haggan too. At this very early stage, why should Aura be diluting at all, when the "normal" approach would be to start proving up the resource, get some more reports, feasibility studies, permits and funding etc sorted, then go into production or seek to exit, we shareholders having taken the risk but then getting rewarded with a tidy profit from the value Aura have added throughout this process. Instead, the proposal is to IPO a Haggan vehicle company within a "conceptual" timetable of this year. The Dec Quarterlies detail what this entails. Essentially we've been told to expect this listing to be an event potentially generating substantial value for shareholders within the next 10 months or so, and I like the sound of that! Whether it happens or not remains to be seen. Aura is a "one man and his dog" type of operation. In fact I think there's only one person paid a salary (Mr Reeve himself) so there may not even be a dog!! And Mr Reeve has other directorships too. Can he deliver a value generating IPO this year? Who knows. So make of all that what you will. FWIW, I'm in here because of the potential of the projects, and because I think particularly rare earths and uranium will be important over the next decade, but also because there is short term, medium term and long term potential to make money here. I also think the IPO route is a good idea on balance, eg because Haggan needs a dedicated full time team in Sweden and strategic investment to push it forward quickly if is going to catch the battery metals and forthcoming uranium waves. Aura would keep more than just crumbs of course. Initially it would be the majority shareholder. I'll be keeping a close eye on whether the listing happens and whether the various projects make any headway. It's highly speculative, could well bomb, but could really deliver too and is worth a punt imo.

It would certainly be interesting to see what price HNL would pay

Let's hope for those strong bid prices and an immediate re-rate. I'm sure there'll be some sellers, and technical analysis will see resistance points, but because the "new" HNL will be sooooooo different from the old, this might be limited. I like the sound of going straight in at 200pps! As always it would be good to get some news. Hopefully the 2017 AR will be published earlier this year, and it would also be nice if HNL were to give an indication of how integration and Q1 2018's going, and of course how other acquisitions and re-listing's progressing. Oh and update the website too please....eg do we or don't we have that FG interest (via Vermeer)...Total indicated in Sept 2017 they own 100%, but HNL say in Oct 2017 HNL still have an interest.

I think I see your logic ghostwriter, seems perfectly plausible and I suppose we assume the NPVs for the comparables don't alter the equations. It's very interesting to approach this from the peer comparison angle. A midpoint $45m valuation/mcap would equate to approx 150pps for HNL. Nice. Would we get there in one leap from the suspension price of 12pps I wonder. A 1250% rise. The size of that rise might put an artificial brake on it, at least temporarily. The 12pps suspension price also factored in the Engie MoU and rumour of an asset purchase, so could the actual deals really deliver such a massive rise on top of the speculation I wonder. That said, even your upper $60m figure might end up not fully reflecting the value, particularly in the Engie partnership/facility, which took us from being a "have not" to a "have" (and much more) overnight, a quantum leap for an oily. And bringing another big hitter onto the BoD could provide a further boost. And all this without taking into account another deal! Better stop before I get carried away lol!!

Thanks ghostwriter great post

Ghostwriter, do those peer comparisons take into account the respective funding/debt arrangements? I'm conscious the DCS is "mortgaged to the hilt" to Engie (in an entirely good way of course), and was wondering about the comparables.

Very little of interest from Cameco imo. Results in line with outlook, and generally their market view is now "cautiously more optimistic" which is a slight improvement from the previous "cautiously optimistic". Didn't sound like they're buying much material on the spot market atm but may do so going forward.

This from AC on 1 Nov 2017 is the most recent comment from HNL regarding re-listing, I think. To be read in context eg of active growth strategy with the partnering and funding by Engie. Imo, re-listing anytime between now, and the sooner of completion of next deal and end H1. "I wish to thank Halo's shareholders for showing such strong support in their approval of the transaction today. This is a significant step towards completion of a transformational acquisition and lays the foundation for further growth from a solid base of working capital, reserves, production and cash flow. Our immediate focus is now on closing the transaction which will be followed by operational integration in order to realise, maximise and augment the potential of these assets. We will then look forward to relisting HALO as a stronger, larger and sustainable company with a bright future."

Keep eye on Cameco today - Q4 results and conf call. Figs for production, purchases on spot market, market view etc