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Ace08 always said they would go to a £1..... in a perverse way he was right!
Share price is currently 3.75p so your 30 shares are worth £1.125....so after consolidation your 1 share at that value is equivalent to your old holding of 30 shares at the old price....The market cap of company remains the same if that makes more sense....
The number of shares is divided by 30, the value is multiplied by 30, so value is the same mate.
Not bad - Not quite in the league of Mantra's Nyota project - seems near enough surface for heap leach operation- need a lot more drilling I think to get a better picture- at least the deposits seem to cover a a large lateral area.
....was a buy! Hoodless Brennan buying for their clients according to II message board post, hasn't moved the price so MM's must be sitting on a fair few mill.
Haven't seen any trade this large for a long time.....In the wrong direction needless to say. I'd like to know what this lot are up to...months go by with little news, not good for investors imo. You would think they would at least let one know the strategy, are they drilling? What's the set up with the RTZ coal mining JV? A little info would be nice to say the least.
...before the end of the year.
A few rare buys trickling through, and the spread has tightened, 33% was hardly likely to bring liquidity to this share
Probe into the solar system....HELLO......
As a 'gold' focused co, they floated there Tanzanian gold to ASX holders, if u look at their directors and board changes they r a pile of crap, no focus whatsover.URA migkt hold the mineral rights to a large acreage of Tanzania, but who is now looking subsurface??? Is this a 'shell'?
This is becoming tedious in the extreme. I think current exploration is on hold, due to the fact it was carried out by western metals (now indago resources) - URA need to find a JV partner to take on IDG s interests soon. I also wonder how the Coal interest with RTZ is progressing which was announced in January? Anybody any thoughts??...
I've just seen that Indago Resources (IDG) on the ASX, announced yesterday that they are in the process of divesting all their Uranium assets in Tanzania, - since they are URA's JV partner, responsible for the drilling etc, it might explain why we've had nil news for months now... The least URA could do is give us a morsel of info.
I think the onus is on the jv partner Western Metals to update what drilling/radiometric sampling they have been doing. BTW, they are now 'Indago Resources' on ASX, and are more pre-occupied with their recent gold project jv with Barrick in Tanzania then scraping around with URA, imho. As for the coal project with RTZ, who knows? There were plenty of updates this time last year so I dont understand the 'rainy season' excuse, does it last 10 months..! Mmmm.....!?
But no buys recently, yet the share price hardly moves, even with a 33.33% spread. I think the tanzanian tenements held by sq.km have great potential for a range of metals, Au. U,Te, Nb, and coal. The right strategy, fund raising, and jv partner(s) are what URA require to exploit this holdinq in one of the most elemental rich sources in African Continent.
The silence is deafening! We need an RNS or some news. I note their jv partner WMT (western metals) is now IDG (Indago resources) which has now focused on its acquired gold assets in tanzania...IDG due to the 4M toz is the subject of a t/o by a highly speculative Aussie Geared co. Also no word on the RTZ front....I'd hold, 4 now but need more frequent updates from these guys if they want more of my (limited) support!
Wish i'd got an a/c earlier, still my buy in av. @ 54 isn't to bad, tho my EMED is running this close.
Or tempted to take part profit @ 100? I'm in long term for sure.
Ended up on LLP! Think some profit taking going on, would be nice to see 90.
Thought the URA board was quiet!... But this is like the Marie Celeste... CEY will hit 95 by end of next week IMO, Any idea when the new jrc resource will be filed?