Member Info for snooz

I _think_ this means that the full 7.1% that was held by URNM is now held by UU(?)

The San Miguel result (from the 30th March permit meeting) was filed with the Colorado DRMS last week: https://dnrweblink.state.co.us/drms/0/edoc/1356338/2022-04-18_PERMIT%20FILE%20-%20P2021008%20(2).pdf?searchid=9a684259-e47e-4c74-ad29-c1ce1e101290 . Pretty sure the doc wasn't uploaded at the weekend - which indicates some activity is happening there today.

>Can anyone recommend anything else to look at for exposure to uranium?
I've got some bags in THR (Thor Mining) you might like to carry for me.
They should be getting some permits for a Colorado mine within a month or so.

The closing auction resulted in this UT:
19-Apr-22 16:35:24 455.00 118,372 Buy* 454.80 455.00 538.59k UT
The announcement (https://otp.tools.investis.com/clients/uk/yellow_cake/rns/regulatory-story.aspx?cid=2392&newsid=1570386 ): "Purchases...will be made...at a price or prices and volume that the Company believes to be value-enhancing for the Company's shareholders...[if] the closing mid-market share price of the Company in any given day represent a discount of 10% or more to the Company's proforma Net Asset Value at that time."

Depending on what they see as the spot price, and thus the proforma NAV, this close could well have met the conditions.

I don't see what it is that makes this share move, there was a 300k shares buy on Monday (at 4.4) which didn't cause a move.

I feel your frustration.

I don't think there's a single broker out there for retail customers that will let you place an order into the LSE's book (for SETSqx shares). (That's an invite for someone to educate me.)

You've just got to proceed accepting that it's an illiquid stock & expect that when the LSE market is closed, you are going to see wider prices (and less trades).
But note: during the daytime it's been quoted bid@.85 & offer@0.9 for days, but if you are a retail customer, your broker/platform will improve greatly on these prices for sizes up to a couple of million shares. FYI, just tried some RFQs... got these quotes for 1m shares: Bid @ 0.8550 GBX and offered below mid @ 0.8733 GBX.

..and at $62 per lb, 10% below NAV is 445p.
I wonder what price U3O8 YCA management will use to determine if the share is 10% below NAV for the purposes of triggering the buy back... and I wonder if buying $3m shares will really move the price much.

Using the mid-price of the latest Numerco tweet: https://twitter.com/numerco/status/1511629888645652481 ($61.25) I reckon that a market close of 438.66p or less (10% below NAV of 487.6p) should trigger the buyback.
Latest buy was below that level: 06-Apr-22 10:46:29 438.60 1,000 Buy*

> Nicole did say at Master Investor they want to drill all 3 prospects at the same time so hopefully Montrose County approve Groundhog in due course.

It's Rim Rock that is in Montrose. Groundhog, San Miguel.

I see where this mistake came from though - the last news release doc states: "Working with our US consultant team,Geosyntec Consultants Inc andWorld Industrial Minerals LLCThor hasreceived approval from the San Miguel County on 30 March 2022, to undertake the proposed exploration drilling at Section23 and Rim Rock prospectsat Wedding BellProject, Colorado (Figure 2)."
I think that the release was wrong - anyone want to wade through the pages regarding the 30th March session to confirm? The sample motion going into that meeting was: "I move to recommend to the Board of County Commissioners approval of a Special Use Permit (SUP) for Standard Minerals Inc. c/o Thor Mining PLC for the proposed Mining Exploration on mining claims at Groundhog Mine and Section 23 on ..."

I reckon this gives a good summary of the permit state:
https://dnrweblink.state.co.us/drms/0/edoc/1353669/2022-03-21_PERMIT%20FILE%20-%20P2021008.pdf
It requests two items:
1) materials to address the June 9, 2021 Notice of Deficiencies
Which are listed here: https://dnrweblink.state.co.us/drms/0/edoc/1335308/2021-06-09_PERMIT%20FILE%20-%20P2021008.pdf and I daresay appear to be "easy" compared to all the info put together for San Miguel's permit (finer's crossed that doesn't jinx it!).
2) San Miguel County Permit
Which is done.

> Nicole did say at Master Investor they want to drill all 3 prospects at the same time so hopefully Montrose County approve Groundhog in due course.
My understanding is there was no specific permit required for Montrose - it's just San Miguel which required the extra effort.
Just wait and watch https://dnrweb.state.co.us/DNR/Mining/operatordb2/report-Prospect.asp?search=PermitPendingApplication now.

>It’s happening... 1p hit

Whoever bought that wasted over 750 quid for the sake of waiting 90minutes. After the LSE had opened they'd have got that done at 0.9335p (a price which is still quoted now for a buy request of 1m).

>Would be good to see that statement published by somewhere more reliable that some fella on twitter though.
Had search... https://www.interfax.ru/world/832659 and https://www.interfax.ru/world/832657 appear to be the source of that info.

> There may be fear that we are waiting on some Kazataprom supply.

This statement may help allay such concerns: https://twitter.com/b_nishanov/status/1509913543507947526
Would be good to see that statement published by somewhere more reliable that some fella on twitter though.

> If memory serves correctly $1 spot uranium = 9p YCA

According to the math on http://tinyurl.com/YCA-U3O8 , it's 7.81p per $/lb . Put a comment on the sheet if you think the maths it uses is wrong.

https://granicus_production_attachments.s3.amazonaws.com/sanmiguelcountyco/545a88c09768a3a0666d2fe26463095f0.pdf regarding the San Miguel call scheduled for Wednesday.

I like the #2 idea a lot, I'll do this for sure. No idea how to do the third. Will probably do this on Friday or else at the end of the weekend.

Increased taxes on the buyers/holder, not just stamp duty on trades but CGT and inheritance. And increased costs and regulation on the company. In the absence of any evidence that being on Aim stunts market cap vs listing on the FTSE250 I am a strong doubter that it will have any benefit.

>I wanted to ask them why they ain’t uplisting to the 250
I prefer that they are AIM - it means I can trade it without stamp duty.

Yesterday's meeting for the Wedding Bell decision was adjourned to the end of this month.
And I'm told the RNS about an investor presentation - the presentation should now be online. It was previously set to go-live with the ASX equivalent announcement of the RNS (which will be Aussie Monday morning).