AEE 3.70% 14.0¢ aura energy limited

Something to refresh peoples memories, I hope Buckets36 and...

  1. 1,078 Posts.
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    Something to refresh peoples memories, I hope Buckets36 and rockboy don’t mind me re posting.

    A Previous post by Buckets36 on 20/12
    This ANN was released 29 Oct 2012.

    "Significant new development in the Häggån Funding Strategy"

    "A new 90 day Exclusivity Agreement has been entered into with the second party, during which the parties will attend to outstanding due diligence and negotiation of definitive documentation in relation to the New Proposal.
    If agreed, under the New Proposal the Strategic Partner would make an initial cash payment to Aura on formation of the Strategic Partnership, and would provide funding for further feasibility work at Häggån, in return for equity in the project in two phases."

    Should be getting close to some news on this front

    A previous post by rockboy on 09/01
    "Aura holds 853 Mlbs of uranium in inferred resources at its two main projects, Haggan (Sweden) and Reguibat (Mauritania)"
    (see quarterly activities report for the period ended 30 sep 2012)

    "The Haggan resource of 803 million pounds uranium places it in the top two largest undeveloped uranium resources that are compliant with ASX or TSX requirements"
    (see quarterly activities report for the period ended 30 sep 2012)

    we should get news this month on the "New Proposal"
    and a "potential strategic partnership for the Haggan uranium and polymetallic project in Sweden"
    the second new party is a "major uranium market participant"
    (see 29 oct 2012 announcement)

    a bit of interest today
    up 20% to 15c
    not much available on the sell side
    tightly held stock
    this could rocket on good news
    hold on ... just in case

    Well today SP has been nibbling at .17c and .18c
    Don’t miss the boat people!!!
 
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