THIS LISTED AS FAR AS IM AWARE TUES. WENT UP APR 150% ON CLOSE THIS MORNING HAS GONE UP FUTHER 26% TO 10.5P CANT FIND ANY BACKGROUND ON THE CO.
BUT IS THIS GOING GO FUTHER OR NOT?

Bid fallen back to 3p now

Spread 50%!

Being pumped on ample also, there is alot of these penny shares that are being pumped on ample, be very wary, just my opinion... Pump and dump brigade have appeared alot seem to be students and very inexperienced investors...

Adieh,

Wise words IMHO!

Last 5 trades are sells, and the bid remains at 3p, well below where people were buying yesterday!

Yes wouldn't touch it with a barge pole, just holding AQL and COH which are both long term holds for me... COH hopefully will pay my mortage off in 5-10 years...

Up she goes and down she goes........

Adieh,

Some interesting trades yesterday,(15/6/05) it seems some people didn't hold for too long! (IMO)


15/06/05 14:30 3.8 79,402 O 3.75 4.0 Sell
15/06/05 13:48 3.75 79,402 O 3.5 4.5 Sell
15/06/05 14:34 3.75 79,126 O 3.75 4.0 Sell
15/06/05 12:30 2.5 79,126 O 1.75 3.0 Buy


Nice little profits for a few minutes work IMO.

I can't imagine such odd trade sizes so close together can be anything but the same punter opening and closing!

More of the same, note all these trades are for THE SAME DAY!

15/06/05 14:51 4.0 60,000 O 3.25 4.0 Buy
15/06/05 12:33 2.5 60,000 O 1.75 3.0 Buy
15/06/05 14:28 3.8 57,142 O 3.75 4.0 Sell
15/06/05 13:58 3.5 57,142 O 3.25 4.0 Sell

Adieh,

Down a tad this morning!

The bid is now 1.5p!

Less than 1/3 of the price people were paying two days ago!

being pumped everywhere this one...


buyer beware!!!

Check the spread, its too big...50%!!!

Uranium Resources PLC
18 July 2005


Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration


Uranium Resources plc ('Uranium Resources' or 'the Company')
Acquiring Prospecting Licences in Tanzania with Uranium Potential


Introduction

Uranium Resources plc, the AIM listed Australian and African focussed uranium
development company is acquiring four uranium prospecting licences in Tanzania,
which is considered to be one of the more exciting regions in the world to
prospect for deposits of this mineral. The Company is acquiring the licences
covering an area of approximately 2,500 km2 through the purchase of Deep Yellow
Tanzania Ltd for 350,000. The consideration is 50,000 cash and 6,000,000 new
ordinary shares to be issued at an agreed value of 5p per share, valued at
300,000. The acquisition marks the first stage in the Company's strategy of
building a portfolio of uranium deposits and licences with a focus on known but
underdeveloped resources.


Details of the licences

The licences represent one of the largest uranium exploration land packages in
Tanzania. The area was identified as highly prospective for uranium by the
German company Uranerzbergbau GmbH ('Uranerz') during reconnaissance exploration
between 1978 and 1982. Three of the licences are located in the Mkuju River area
in southern Tanzania recognised by Uranerz as one of the two most important
uranium targets in Tanzania. The licences will make the Company the largest land
holder in the Mkuju River area. The fourth licence, the Makutapora Prospect,
targets uranium in calcrete.

The recognition by Uranerz of suitable lithologies in the Tanzanian Karroo
formation together with the discovery of uranium mineralization, makes this
parcel of land very prospective and the size of it may be an ideal joint venture
proposition once better defined for a major company seeking land for
exploration.

Uranium Resources plans to establish an African based exploration team to carry
out field work and a geophysical data review, aimed at commencing detailed
exploration activities in the second half of the year. The team, led by South
African based director and uranium specialist Dr Leon Pretorius, will also
review further acquisition opportunities in Africa as and when identified.

Uranium Resources Chairman, David Steinepreis, said: 'The acquisition is part
of our strategy of building a substantial uranium focussed portfolio of
exploration and production assets. We have a strong management team with both
financial and uranium experience who I believe have the ability to achieve our
corporate objectives. This is a great deal for us as we believe that Tanzania is
one of the most exciting locations for successful uranium exploration in the
world. The area has favourable geology and notably low exploration costs which
combine to make the licences extremely attractive.

'While the gold mining sector has boomed and investment in nickel, platinum and
coal exploration has been extremely strong, uranium exploration in Tanzania is
at an early stage. Yet, as well as promising geology, the average historical
expenditure on uranium exploration in the country has been US$4 per km2 compared
to US$16 per km2 in the western part of Africa and US$224 per km2 in the United
States.

'We are currently evaluating a number of other known deposits that we believe
are suitable for our investment criteria and will update the market if and when
we have agreed the terms of further investments.'


Geology of the Mkuju River Area, Southern Tanzania

The Mkuju River licences cover over 2,000km2 of Karroo sediments within the
Luwegu and Ruhuhu Basins. Uranerz identified outcropping uranium in the Mkuju
River area. Uranium Resources' tenements cover the prospective Karroo sediments
along strike to the south from these outcrops as well as analogous positions to
the west.

Uranium deposits of the sandstone-type targeted in the Luwegu Basin comprise
more than 30% of currently known uranium deposits in Africa. In Africa, these
types of deposits host in excess of 300,000 tonnes of U3O8 and are principally
hosted by geology analogous to that of the Luwegu and Ruhuhu Basins.

Geologically the area consists of Permian age Karroo sedimentary rock. The
Karroo Formations occur throughout southern Africa and drew much attention from
uranium explorers during the 1970s and early 1980s. A number of discoveries
were made and a few taken to full feasibility. The one drawing the most
attention at present is the Kayelekera deposit 200km to the west in Malawi where
Paladin Resources of Australia is undertaking a bankable feasibility study to
verify the previous results of the CEGB.

The mineralisation is associated with remobilised uranium within sandstone beds,
known as 'roll-fronts'. Lithologically the prospective Karroo sandstones are
part of a thick succession of fluvio-lacustrine sedimentary rocks deposited
mostly in shallow water. The sandstones are interbedded and separated by
extensive mudstone beds. Low levels of uranium occur throughout these
formations, but not at economic concentrations. However, where folding or
erosion has exposed permeable sandstone beds to the surface influx of oxygenated
waters, the uranium is mobilised and precipitated at the reduction/oxidation
front - hence naming this style of mineralisation 'roll-fronts'. The
roll-fronts are not static and continue moving down dip over time as the influx
of surface water penetrates deeper.

Although narrow the roll-fronts are typically high-grade and have extensive
longitudinal continuity. The mineralisation is mainly restricted to sandstones
bounded by mudstones, but the roll-fronts are typically stacked which makes
mining them more economic.


Geology of Makutapora, Central Tanzania

The Makutapora licence covers a palaeo-channel that contains sediments and
calcrete. Previous explorers reviewed samples from water bores in the
Makutapora area and identified a 500ppm U3O8 assay in calcrete associated with a
groundwater uranium anomaly. Additional assays up to 285 ppm U3O8 have been
reported from shallow trenches within calcrete layers in the Mbuga muds at
Makutapora and in adjacent areas. None of these anomalies were followed-up by
drilling. The Company considers that the area contains significant potential for
calcrete-style uranium mineralization.


Terms of the Transaction

Uranium Resources has entered into a conditional agreement to acquire Deep
Yellow Tanzania Ltd, the 100% owners of the four licences, in consideration for
350,000 comprising the payment of 50,000 in cash, representing repayment of
past costs, and the issue of 6,000,000 ordinary shares at an agreed value of 5p
per share. The acquisition is subject to due diligence and the approval of the
shareholders of Deep Yellow Ltd, the vendor, which is quoted on the Australian
Stock Exchange.

Application will be made for the new shares to trade on AIM and it is expected
that dealings in these shares will commence within 14 days of the agreement
becoming unconditional. The new ordinary shares will rank pari passu in all
respects with the existing shares in issue.


* * ENDS * *


Contacts:

Hugh Warner, Uranium Resources plc Tel: +618 9420 9303
Email:
hwarner@uraniumresources.co.uk

Dr Leon Pretorius, Uranium Resources plc Tel: +27 83 377 3215 +61 419 702 616
Email:
lpretorius@uraniumresources.co.uk

Ross Warner, Uranium Resources plc Tel: 020 7223 1731
Email:
rosswarner@uraniumresources.co.uk

Hugo de Salis, St Brides Media & Finance Tel: 020 7242 4477
Email:
hugodesalis@sbmf.co.uk


Notes:

Uranium Resources plc was admitted to AIM on 18 February 2005. It was
established to acquire uranium assets on a worldwide basis with a primary
geographical focus on Africa and Australia. The Company will consider
acquisitions covering the full range of projects from exploration to production
with a bias towards known, but undeveloped uranium resources and has an initial
goal to acquire up to 100 million lbs of in-ground uranium. The Board of
Directors is experienced in identifying and evaluating uranium acquisition
opportunities and possesses the skills to finance and develop a portfolio of
uranium assets. The Company aims to take advantage of the re-organising of the
energy producing market and the increasing need for nuclear energy. Renewed
interest in uranium exploration and mining with the growth in energy
requirements in both the developed and developing worlds means that a shift
toward nuclear generation is increasingly likely. Importantly, nuclear energy is
the only base-load power source that does not produce greenhouse gases.


Looks ok to me. Also looking for other prospects.

wilbs

hmmm- interesting punt, I like shell cos., it might go a bit, bgt. a few more.

Have you been in for long seaquestor? Whats your take on URA now they have some licences? This apparently hit 10p on speculation a while back.
wilbs

bgt. some in April, they were 10p in March, and I added more today, they could go bananas or bust I guess, just a fun bet for me, but the license news must surely add some backbone, not one for the nervous

g`luck

Thanks seaquestor, on the way up at last. 10p would be very nice.

good luck 2

POW!!!!!!!!!!!
Well that was result wilbs- now we need the bid price to follow

g`luck.

and the spread to drop!!

yep

away she blows.

YEEEEEHAHHHHH!!!

tree shake. Looks like we are the only ones on this one. Too risky for most.