Member Info for flundra

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

Big Haggan IPO pay day coming within the next 10 months or so hopefully. From the Dec Quarterlies: "[Aura] believes a separate listing...has the potential to generate substantial value for shareholders...Aura hopes to complete the process as quickly as possible and has set a conceptual timetable of completing the process during the course of 2018."

yes

Perceived lack of progress in the Dec quarterlies maybe? No great volume yesterday or today though. PS They should have a few cents left from the $1.1m raised in Nov, so no placing in the near future hopefully...

For once, the SP seems to be doing what it should - steady rise as the mine gets built and commissioning approaches. ORM still looks like one of the best W plays to me. I like Wres, but jury's still out on Wlfe, and Almonty haven't announced their funding for Sangdong yet (slated for Dec '17) - any problems there I wonder eg with the geopolitical risk? However that plays out, I wouldn't be surprised to see Almonty sniffing around Barruecopardo again before too long anyway.

I like Aura too, U Au and REs all in one stock!

It would be nice to see Tiris and Haggan progressing asap, because spot and contract uranium prices are expected to rise sharply soon so now is the ideal time to be building the Tiris mine, so as to be producing when the demand comes. Also the battery metals revolution is underway, and as Haggan has a 5-7 year project timeframe, they should expedite it. It also seems we can expect a payday on a Haggan IPO this year. Couldn't see anything unexpected in the quarterly, so bought a few more this morning on the price drop. Short medium and long term gains in the offing here, which should reduce the risk of dilutive fundraising too.

https://www.cameco.com/invest/events-presentations

I'm not sure, but I think what happens is that when a share that is held in an ISA delists and thereby can no longer be held in the ISA, it is automatically ejected from the ISA. That's a bummer, because it's a once and for all withdrawal. Putting that share back into an ISA on re-listing can presumably then only be done by using the current tax year�s ISA allowance. Any accountants out there who can confirm?

http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/rules/aim-rules-for-companies.pdf Rule 2 and Schedule 1 explain what to expect on an AIM listing/ re-listing. I think SQZ only did an admission document just before restoration, but SQZ were suspended (rather than de-listed), and only for a week or so anyway, so maybe different rules applied there.

News coming perhaps?

http://www.proactiveinvestors.co.uk/companies/news/190375/ormonde-mining-poised-for-a-seminal-year-in-2018-190375.html

Another de-listed AIM company I'm invested in (ALO/Cradle Arc) also doing an rto has issued an "AIM Schedule One (pre-listing) announcement" 10 days before re-listing. HNL will have to do this too presumably if re-listing on AIM, and is perhaps what we should look out for, unless we go direct to a premium listing. The form has a section for expected mcap.

I remember thinking about investing in Urenco, when partial flotation was proposed a few years ago, which I don't think came to anything. Interesting to see the Japanese interest.

I think I catch your (continental) drift. I also heard Labatts and San Miguel are in fact one and the same.

Yes, I might do that, and also suggest the website needs to be updated generally and better managed going forward, particularly as we're heading into the big league. I presume there is no actual obligation to confirm any sale or the current FG position to shareholders, as HNL's interest in FG is/was tied up in its 49% shareholding in Vermeer and perhaps of no great value. And as you've said ghostwriter, it's all about the DCS atm.

Just looking at Total's website, they say (Sept 2017) "We have a 100% interest in the Guyane Maritime exploration license, which lies 150 kilometers offshore" HNL's website summary of interests is very out of date. Perhaps FG was sold by HNL to Vermeer then on to Total, as indeed Shell's and TLW's interests have too? Maybe HNL have no interest there after all?

No rioting off shore hopefully! I think FG is very interesting. Zaedyus was a big discovery, and despite the rest of that campaign failing, you rarely get standalone big discoveries. Further exploration may pay off. Presumably it would be Vermeer who would have to raise funding and participate in any forthcoming campaign. Can it and would it? Add another few quid to the HNL sp if all that comes off...

I think you're right rightback, my understanding is that HALO own 49% of Vermeer, which owns 7.5% of FG following acquisition of Northpet.

Hi MTSparky I agree HNL are buying the company (assets, liabilities, employee contracts etc), as opposed to just the asset. When this was discussed on this BB a few weeks back, I tentatively concluded cash apportionments would be made on completion, so that HNL would take over with a zero balance as at completion in Nov. I may of course be wrong, and I recall I couldn't see that the RNSs addressed this very clearly. Cash of �20m+ would alone equate to nearly 100pps.