Member Info for Y00020978

No not yet mate.

In anticipation of the JV to fund the drilling ;)

?

Some decent sized chunky buys over the last few days....

Somebody loading up?

Why? Hopefully find out soon....

GLA its been a long slog here for the LTHs

Email exchange with Umbono....

"Uitloop is a promising Ni project which could present an attractive opportunity to bigger players for either a JV earn in or an outright acquisition."

Also stated:

Umbono used to be (holders of the license) but we exchanged the license for shares in URU and are now investors like you. 

We also have a small Black Economic empowerment share in the company that owns the right And URU does retain our geo team to manage the technical programme but that’s as far as our role extends. 

Interesting times ahead.

GLA

news tomorrow?

OFD - I had similar concerns about the minerals actually being there myself.....however the only thing that gives me comfort is that as part of the licence renewal process, the Dept of Mines had to visit the site to ensure everything was in order.

Surely their approval counts for something? I know the SA govt isn't the most trustworthy but still.....

King/OFD - it would be a real shame to see you guys go.

Hope you continue to post as your research helps keep me positive that one day we may see some developments here!

its all Benny's hard work - I am just the messenger :)

fingers crossed he gives us some signs of progress sometime soon - no updates so far all year.....that is completely unacceptable.

hi mate

Yes the letter was received.....this letter was informing the company that a group of shareholders are gathered to force action to call a meeting if one isn't arranged.

We are now sending the letter formally requesting the general meeting with the numbers of shareholders behind the request.

The one that was posted was massively delayed - looked like a lost cause so we found someone in Canada who was willing to print it and deliver in person to the URU offices......hes not been heard from since so maybe JZ has him kidnapped.

In the meantime the one that was posted has now left the UK and is en route!

I haven't had an update.....as soon as I do i'll let you know mate.

As a side note - the posted letter is now finally in the air en route!

No doubt he'll sign for it and put it straight in the bin :)

Exponential growth.....

SOLG went from under a penny to over 40p on and shortly after a JV announcement with a major - im fairly sure with similar if not a lot more shares in issue. They are drilling for copper in Ecuador too so not exactly like for like but still a junior minor languishing for years seemingly going nowhere until the news dropped. They are drilling over 1km deep too so our 50-100m seems very appealing for economical open pit mining.

Now they have about 10 drills turning at once

Hopefully a JV with one of the majors also present on the Bushveld complex.

That is a complete game changer.

I'm told it's going in person today....

Letter being delivered in person and made to be signed for at Zorb towers today.....

Hahaha I know.....he called in the storms :) :)

Avoid contact with shareholders by any means!!!

its still in transit - delayed by Royal Mail due to bad weather but should arrive soon.

@Diggit - given your large holding are you interested in adding your name to the list?

Anyone else holding who wants to try and force some changes outlined below:

- We have written and posted by recorded delivery (to the board and the nomad) a letter requesting bilateral dialogue with the board within 10 working days of receipt. The letter contains four proposals, outlined in brief:

(1) requirement to update share register quarterly;
(2) 2012 pea study to be published on the website;
(3) yearly conference call including an open Q&A;
(4) requirement to release quarterly updates, via an agreed proforma, on progress made and a forward plan.

Are you on Twitter Ballio?