Member Info for jono44

Great news about a vaccine today and has obviously had a very positive impact on the shareprice.
15p paid today so new investors hopefully but can see a bit of trading going to happen over the next few weeks.
If takeover about to happen then they better get into gear before price rises above their limit, and with sentiment and aim this could go up very fast.

If someone makes a offer they'll be taking a long term view.
They will have a price they won't cross.
Pre covid the company was previously a takeover target at about £100m.
With todays shares thats about 80p so the question is what price post covid.
But one thing is certain 2 people have significantly increased their holding in the company at an all time low price.
Could they be working together, or are they aware of someone else's interest.
Time will tell.

Price would have to be over 20p so 33p isn't unrealistic.
The 50m shares that were held by ? in issue before the 20p placing might want a bigger price, so it might be more.
Can see a steady rise this week especially if another TR1 gets issued.
GLA

If a bid in on the cards they might let the price rise so they can pick off any weak shareholders, can see it rising to 12-14p quite easily.
Or they might think that there are not that many shares left to pick up on the cheap so just go for a bid.

Tr1 definitely on the cards.
GLA

Don't think so and your right another tr1 looming.
As CB pointed out the more they!! buy more at this price the less they will have to pay for ours.
So as long as the price is being kept low they will grab as many as they can.
But when sellers start to dry up the price will rise to whatever price their willing to buy on market before they go for the lot, maybe.
6m shares is about 4.8% of shares in issue so another TR1 is definitely on the cards, will it be Eldose Babu, Mark Ward or ?.
Interesting times ahead.

Ballio, here is my take.
Not a fan of zorbass, obviously, so definitely biased so might be totally off course but anyway.

Boothbay have loaned uru $250,000 which needs to be repaid in May 2021, 6 months time, what happens to that money .......
If they convert it would mean about 230,000 new uru shares, currently 1m in issue with zorbass owning about 40%, so they would be shareholders like yourself albeit owning about 20% of uru.
They have so far declined to convert into shares.
Zorbass keeps extending the time for them to convert.
If in May they haven't converted they will come knocking for their $250,000.
The big ? for me is why haven't they converted.
Do they see more value in being a debt holder rather than a share holder.
IF and this is pure conjecture uru goes the same way as MRS ( trying to forget )
shareholders are at the bottom of the pile while debtholders at the top.
Hope this helps but don't take anything I say as 100% correct.
GL to LTH's

I agree, unfortunately.
Boom zorbass biggest shareholder, biggest winner.
Bust zorbass debt holder winner again.
But for you guys only boom will work.
Good luck.

Boothbay have had 6 months now to convert their loan into shares, even tho zorbass is "pleased" to announce an extension they haven't converted them.
Got to ask why they haven't.
One thing to bear in mind.
It’s important to note that until the convertible note converts into equity, it is classified as debt.
Now who else does uru owe money to, yep Allegana, who owns that debt hmmm.
I think we all know what happens when the debt collectors come looking for their money.
Something I woukd be concerned about.

Watched for a while but took plunge last week, sitting on a small loss but not concerned.
Quite a few large trades always showing as delayed got to mean something.
125m shares in issue, 75m of those issued at last placing at 20p.
Any coming up for sale get taken easily.
2 investors increasing their holding weekly.
Why.....?

CB
What significance is 15th nov, agm?
30p would be acceptable.
A few years ago Rev was a takeover target valued at the time about £101m which was about 203p per share at the time but with todays shares that would be about 81p.
Obviously with covid etc any price would be less than that now.
But with Mark Ward and Eldose Babu (who I think might have a connection or might not) increasing their shareholding significantly over the past few months with the shareprice at its lowest, I keep asking myself why now.

Got to admit not a great update, was expecting more.
Also disappointed no mention of how much tin concentrate was shipped!
Anyway no bad news so will wait again for next update and hope its better.

CB those shares didn't vanish into thin air someone has them, but seller was willing to let them go and someone happy to take them.

One thing to point out.
Only 125m shares in issue and 75m of those came about in recent placing for 20p.
Don't think any of those will be let go for less than 20p.
GLA

Takeover definitely on the cards.
Sells are being soaked up.
Eldose Babu only needs just over 900,000 shares to pass thru 6%, so last nights trade would certainly do that.

Maybe a concern would be to see if Boothbay become an equity holder or would rather be a debt holder.

Anybody concerned that the CLN's have still not been converted and expire in a few days, got to be repaid may 2021.
Does anyone see what going to happen!

Just musing but why in the last RNs is zorbass highlighting geo hydro drilling.
Is Zeb in the wetlands.
It is Next to a nature reserve .
Is there an underground aquifer lurking below.
Just musing.

Monday 13p
Tuesday 12p
Wednesday 11p........
.....Thursday 10p .....,..Friday 9p
Pmo need to act now, staying silent is pushing this lower and lower.
Everyone losing faith.

Something definitely going on this guy's not buying for short term.
Takeover would have to be at least 20p+.
Directors took part in June placing at 20p so expect they won't let it go for less than 20p.
GLA

Think todays rns was more positive than I expected
They are lowering debt, increasing cash flow, improving profitability and basically more streamlined by closing locations that were not making money.
Together with recent tr1's, might see more after today, have bought in.
Firmly believe that there is something else afoot and with all the talk of a covid vaccine before Xmas this looks to be good entry point but.
GLA