Member Info for wia518

The problem is we don’t know what deal Mr Z has going forward? We could be sold on approval of mining license? I can not see Mr Z wanting to take Zebediela into full production with so many mining companies around us already, who would be eager to mine minerals closer to the surface than what they have already. Also they must have the drill results and Geological Mapping and Geophysics which we have not seen but we are applying for a mining license?!

The granting of a mining right by the Minister of Mineral Resources;
Approval of an environmental management programme for the mine by the Department of Mineral Resources;
Environmental authorisation for the mine in terms of the National Environmental Management Act (NEMA) by the Mpumalanga Department of Agriculture, Rural Development and Environmental Affairs;
The granting of a water use licence in terms of the National Water Act by the Department of Water and Sanitation
I’m no longer confused!

I’m a little confused at the moment with the process, I think the mining permit is issued but you cannot commence work without environmental authorisation. Which means the mining permit could land any day now.

Once your application has been accepted, the regional manager will request that you submit an environmental management plan and consult with the landowner and legal occupier of the land as well as any other affected party.
Submit a written outcome of the consultation to the regional manager within 30 days (4th October)
The Minister of Mineral Resources will issue a mining permit if all the requirements have been met( time frame anybody?)

All the scare mongering that zorbas was going to do a placing and we’ve secured funding elsewhere proven by our already accepted mining application. I wouldn’t be surprised if zorbas initiated a share buy back at this dismal price to lower the amount of shares issued.

Funding and BEE requirement’s are a part of the initial application process to be able to apply for a mining license, so for it to of been excepted these have already been proven.

Let’s face it zorbas isn’t interested in the day to day price at uru, as I’ve always said you need to be in it now to reap the rewards. The share price won’t go up slowly, it will be low one day close news then if it does reopen it will be a far distance from where we are now.

There’s a few mines around us already operating, who I’m sure would jump at the chance of getting hold of our minerals specially at the shallow depths. Also another thought is we must of already cleared the mining charter BEE requirements for the application to of been excepted? This is all pointing to a JV on completion of an issued mining license but we are already using them to apply for the license, this hasn’t been rns’d because the JV won’t happen until license is issued?

Hi king thank you for replying to my message, all of the O in the rns have to be present in the initial mining application, and the - is what’s to happen next. What’s has thrown me is including the date of the 04 October? Are we at the end of stage two or three? We are definitely a lot further down the application route than I first thought.

Applications are triggered by the MPRDA and lodged electronically on SAMRAD. Section 16 and 22 of the Act regulate the application process and rejections take place within 14 days of receipt of the application. The second phase of the application process is the adjudication which is done internally within the Department. It takes 120 days to approve the Social and Labour Plan and Mine Works Programme. The third phase in the application process is the granting or refusing of the licence application. This is governed by the granting criteria in section 17 and 23 of the Act. The last phase of the application deals with the appeals. There are no subsequent rights to be considered while there are appeals pending.

If your application meets all the requirements, the regional manager will notify you in writing within 14 days of receipt of the application if it has been accepted. The regional manager will instruct you to consult with the landowner, the occupier of the land and all other affected parties. So we’ve already been notified it’s been accepted which means they have already provided details of funding?! Notice the o and - in the rns o already done and - to be done?

I’d give it till the 25th October as it’s probably 14 working days?

The past financial year has been a fruitful year for URU, with achievements in fulfilling investment strategies. We are now well positioned to take advantage of potential positive movements in the nickel market.

Could it be what was accumulated from the consolidation? Have a tidy up before mining permit submission?

Problem is people seem to be hesitating at these prices thinking it will go down again, fear of a placing maybe? I can’t see this happening as we’ve already applied for the mining license. Anything under £10 (1p) is a bargain and under £20 (2p) is still an investment. These prices are not going to be around much longer or will URU be around much longer(sold) this won’t be a slow rise it will be a massive jump.

Don’t worry I’m in no rush to sell and won’t be selling below 3p in old money. The money invested here is what I made from previous shares and can stay here until over
3p. I’ve always been under the impression something big is going on and consolidating the share was to stop PI’s from investing not to encourage buying, therefore lowering the price for zorbas cronies and major investors ( zorbas Friends) personally I think we’ll be sold once mining right application is approved which is probably being funded by umnex, so the share doesn’t get saturated while buying in the background on the open market.

What would you like me to confirm?

Not sure about congratulations :( surely the other person has got to be digget he’s been here as long as I have, buying all the way through. Sorry if it’s not you diggit

Because I am the person who got over excited, I emailed Uru months ago to say I had gone over the threshold but no reply or acknowledgement! Been investing since 2p so been here a while.

You have a very good memory King77, you are correct one of them did get a little over excited trying to average down and the other one I think we can all guess who it would be.