re: who needs priority buy on market Aura is listed today at...

re: who needs priority buy on market Aura is listed today at 20c.
Further details include;
*It has just raised $5m (originally seeking $4m), has 36m shares on issue, will start with a market cap of $7.2m and has some of this tied up in escrow
*the shares were oversubscribed, and rumoured to have received $8m in applications
*40% is held by the top 20, so it looks pretty tight
*raising funds to explore for uranium in its licences in Western Australia and is looking for further acquisitions

Recent Listings;
ENR - ( Encounter Resources )
*focussed on uranium exploration in WA
*listed at 20c, $5.7m mkt cap or $11.4m mkt cap including options and restricted shares
*day 1 ( 24/3/06 ) it closed at 33c, peaked in following days at $1.15 ( 28/3/06 )

TOE ( Toro Energy Limited )
*split off from Oxiana, and is focussed on uranium exploration in SA
*25c listing, $18m mkt cap or $36m including escrowed restricted shares
*day 1 closed at 80c (24/3/06 ), peaked at $1.60 ( 27/3/06 ) before settling at 70.

UTO ( U308 Limited )
*uranium exploration in WA, SA and QLD
*20c listing on 8/5/06
*peaked at 81c, now trading at 36c, with mkt cap of $9.1m but including restricted shares and options is actually trading at $23m mkt cap

In summary, even though the wider market has fallen on the back of a resource sell off in the last 10 days, the uranium sector has remained fairly buoyant ( although well of recent highs ) and with political comments and interest remaining, its looks like uranium stocks are likely to be very well supported.

Aura Energy looks very cheap compared with it's peers on a market cap and quality basis and should be placed somewhere between ENR and TOE.
Watch the trading on day 1 closely, anything below 30c (market cap $10.8m at that price ) is a bargain.