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?

20p may turn out to be conservative after all the French bid nearly 4 for UMN as they are desperate to secure supplies of uranium to feed their large number of nuclear reactors, otherwise sometime in the future their lights will go out!

In the mail today it mentioned that the price of uranium ha dropped to about $120 & could go as far $95 becaue the U ha decided to sell some of their stockpile. What do you think this will do for the demand for these companies.

Well, well the bears have driven the USA and world markets down giving the subprime lenders more exposure than they deserve. Deserving companies and many global markets with good earnings are driven lower by the herd. This is the third 'correction' in as many months. As manipulation volatility spread globally it has continued to feed the traders' greed, but, they have gone a step too far this time and investors' confidence, losses and sentiment has gone so a general slump is now inevitable. There is widespread evidence that individual stock prices are no longer driven by supply / demand, company perfomance facts and informed trading but by inuendo and misinformation.

It doesn't matter if there is a perceived demand for uranium until 2012, the markets are about to decline. URA won't be going anywhere as interest rate costs will be rising, The sp will drift until 'farm in' finance is forthcoming from the ASX floatation - if they can float in the present market condition as the IPO will probably get the lowest price expected.

Quarterly report from wmt

Drilling Results

Based on the results to date the drilling was an outstanding success having shown that strong
subsurface mineralisation is present. The drilling has indicated multiple mineralised horizons
preferentially hosted in sandstone units frequently at or near contact with mudstone units.
This is typical for sandstone hosted roll front style uranium deposits such as the Kayelekera
deposit in nearby Malawi.

http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=wmt&timeFrameSearchType=D&releasedDuringCode=6

Still holding and topped up today.

LONDON (Thomson Financial) - Uranium Resources PLC said drilling results at the Mtonya uranium exploration project in Tanzania show strong subsurface uranium mineralisation.

The company said this is a highly favourable result and provides great encouragement for future exploration and development programmes.

The AIM-listed company said the drilling has indicated multiple mineralised horizons.

http://www.westernmetals.com.au/documents/ASX_Tanzania_Drill_Results08Final.pdf

I bought these @ 7p before the turmoil in the market, what do you think the future holds with the latest RNS, I was surprised that the SP didn't rise today.

pumben
Who knows I bought at 8p hopefully the next drilling results will come good and the duel listing will send this north where it should be 20p short term.

The Company continues to explore a stock exchange listing on the ASX and the company
is examining corporate structures which might achieve this.

Anyone still in this share. also in at 7.5p.
just asking as thread quiet
Alex

robertalexander
Yes still here and waiting.

I think annual results are about due, last year was 5th October, so hopefully we should get an update on progress soon? plus an RNS on the two large share trades as they were each above the 3% mark.

graylyn2
Cheers for the info.

Uranium Resources says Western Metals earns 40 pct at Tanzanian farm-in areas
AFX


LONDON (Thomson Financial) - Uranium Resources PLC (URA) said Western Metals Ltd has completed its initial 2 mln aud expenditure requirement to earn a 40 pct interest in the Tanzanian farm-in exploration areas owned by the company.

The AIM-listed company added that Western Metals intends to spend a further 2 mln aud to earn an additional 20 pct, adding that Uranium Resources continues to be free carried until the additional amount is expended.

It also said drilling in Tanzania recommenced on Oct 7 for the third drilling campaign in 2007.

Geiger Counter Limited upping their stake a good sign.

Uranium Resources PLC
12 October 2007



12th October 2007

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

Shareholding in the Company


The Company was notified on 11th October 2007 that Teawood Nominees Limited had
sold 10,000,000 ordinary shares in the Company. The Company was also informed
that Geiger Counter Limited had purchased 10,000,000 ordinary shares in the
Company, Geiger Counter Limited's interest is held through BNY (OCS) Nominees
Limited.

Following this purchase BNY (OCS) Nominees Limited has an interest in 42,000,000
ordinary shares in the Company, representing approximately 14.43% of the total
issued share capital of the Company.

- end -

A three day rise nice recovery since the Geiger Counter news with more to come IMO.

i agree, exciting times ahead me thinks.

tried to sell some of mine at 4.40 got 4.00. even though the live never passed 4.30ish. said thats all they would pay for them on a negotiated deal. BEWARE!

nutter
Your selling Geiger Counter's buying do you know some thing they don't?

Good news from URA this could be a ten bagger+ from here with this news only a matter of time.

22nd October 2007


Uranium Resources plc ('Uranium Resources' or 'the Company')

New Uranium discovery increases prospectivity of Mtonya region in Tanzania


Highlights:


Drilling and trenching at Mtonya identifies new high grade uranium anomalies
at Grandfather prospect, 5km north of Henri

Trenching at Grandfather has revealed high grade surface mineralisation over
a strike of 1.4km

Uranium mineralisation now continuing over a 7 kilometre trend

Peak trench results include 1.2 metres at 7703ppm U3O8 and 0.8 metres at
1035ppm U3O8

First drilling at Moysten prospect finds high grade uranium including:

o 3m @ 863ppm from U3O8 from 46m

o 3m @ 750ppm from U3O8 from 47m

o 2m @ 355ppm from U3O8 from 32m

Drilling has recommenced on the project and will continue throughout October

Helicopter supported reconnaissance will start again to continue regional
evaluation

Farm-in partner Western Metals to spend A$3.5million on exploration in
Tanzania over the next 15 months

http://moneyam.uk-wire.com/cgi-bin/articles/200710221143481146G.html

Brought another batch today based on the news. this is nearly ready to fly. IMO 8-)