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daaussie

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Given the huge interest and recent 5-fold increase in uranium prices, I could not help but look at uranium floats like UTO and many others. Their premium listing prices has been quite amazing, sometimes 400% on the day of listing compared with the pre-listing price.
I decided to give UraniumSA a go as the business plan and properties held seem to be very interesting. I am not sure if I will get the shares given the high interest in uranium stocks, and the fact that I came in on 12Sep06 (closing date 29Sep2006).
Anyone else have opinions or investing in this float?
:2twocents
 
Re: UraniumSA Float (www.uraniumsa.com.au) ASX code: USA

daaussie said:
Given the huge interest and recent 5-fold increase in uranium prices, I could not help but look at uranium floats like UTO and many others. Their premium listing prices has been quite amazing, sometimes 400% on the day of listing compared with the pre-listing price.
I decided to give UraniumSA a go as the business plan and properties held seem to be very interesting. I am not sure if I will get the shares given the high interest in uranium stocks, and the fact that I came in on 12Sep06 (closing date 29Sep2006).
Anyone else have opinions or investing in this float?
:2twocents
Click to expand...

sorry to say this but u will miss out for sure, u had to apply in the first few days/weeks except if u had priority
it will open at 60-70c, offer price at 20c
 
Re: USA - UraniumSA

hey nizar

i have held MTN for couple weeks. even though we are receiving our prospectus later will we still be able to get in??

i believe this is going to be oversubscribed and very hard to get shares even though we have priority.

its going to be a rush to the bank for MTN shareholders
 
Re: USA - UraniumSA

i sent my application way earlier... on 7th of sept.
but i just realized that i sent using public offer on their website.
i suppose to sent using the priority form which not arrive til now :(
i wonder what happen to mine.
 
Re: USA - UraniumSA

I own MTN shares and got a letter about this, but I assume my priority offer is still to come, is this right?

So I should get in right? :confused:

when does USA actually list?
 
Re: USA - UraniumSA

They said, closing date 29 sept and listing on 9 oct.
maybe earlier if oversubscribe... like toro before.
well, just hoping my application is processed :(
 
Re: USA - UraniumSA

Here is the answer from the website...

Marathon Resources and Stellar Resources Shareholders please note:

For Shareholders on the register on Friday 1st September 2006, the Replacement Prospectus and Priority Offer Application Form personalised with your details will be posted to you today Tuesday 12th of September 2006.

If you are intending to apply for shares, you need to complete the personalised Priority Offer Application Form and return it as soon as possible to the address indicated on the Form. Payment may be made by BPay.as per the instructions on your personalised Form. If you use BPay you will not need to return the personalised Priority Offer Application Form.
 
Re: USA - UraniumSA

Realist said:
Here is the answer from the website...

Marathon Resources and Stellar Resources Shareholders please note:

For Shareholders on the register on Friday 1st September 2006, the Replacement Prospectus and Priority Offer Application Form personalised with your details will be posted to you today Tuesday 12th of September 2006.

If you are intending to apply for shares, you need to complete the personalised Priority Offer Application Form and return it as soon as possible to the address indicated on the Form. Payment may be made by BPay.as per the instructions on your personalised Form. If you use BPay you will not need to return the personalised Priority Offer Application Form.
Click to expand...

Has anyone got the priority offer?? I still havn't got mine yet :confused:
 
Re: USA - UraniumSA

Beethoven said:
Has anyone got the priority offer?? I still havn't got mine yet :confused:
Click to expand...


It was mailed Sept 12th, that is yesterday - so give it a few days!

Friday may be an estimate.
 
Re: USA - UraniumSA

Does anybody know the system for acquiring this share?
What happen if the quota for priority offer is oversubscribe?
Will they take the quota from public offer to fullfill it or they reject it?
 
Re: USA - UraniumSA

Realist said:
...Payment may be made by BPay.as per the instructions on your personalised Form. If you use BPay you will not need to return the personalised Priority Offer Application Form....
Click to expand...
Oh this is really good news ... so it can all be done electronically?
 
Re: USA - UraniumSA

Hi, so does this mean that my application which was submitted yesterday is too late because of over subscription on the public offer?

Damn!
i was looking forward to the premium!

PS I hope your wrong!
 
Re: USA - UraniumSA

if my application on 6 sept is rejected, then yours as well :)
that's why i'm thinking to send again through priority offer..
 
Re: USA - UraniumSA

I hope with the money they get they spend a bit more on their server. :banghead:

Theres been some discussion on this share in the MTN thread in case you don't know and want to see what other members have been saying.
 
Re: USA - UraniumSA

the fact is that if the offer was sent to MTN shareholders yesterday that means there is going to be a massive rush when ppl get their mail. i dont know how they could make it fairer but it seems to me to be if you are lucky you get shares.

hopefully with their server been down on their website it stops some ppl applying for shares!!

there seems to quite a lot of coverage on this one, much more than UKL and that opened at 45 cents, 25 cents float.

i think USA will be a big market opener
 
Re: USA - UraniumSA

I've got 2 copies of their prospectus downloaded about a week back but what I want to confirm is the bpay thing because if they accept those then I'll have to move my $ to another account. Not that it would affect the order the apps are processed but I'm taking it they will credit our bank accounts only for the shares we get and not take it all then refund it back.
 
Re: USA - UraniumSA

cathers_420 said:
the fact is that if the offer was sent to MTN shareholders yesterday that means there is going to be a massive rush when ppl get their mail. i dont know how they could make it fairer but it seems to me to be if you are lucky you get shares.

hopefully with their server been down on their website it stops some ppl applying for shares!!

there seems to quite a lot of coverage on this one, much more than UKL and that opened at 45 cents, 25 cents float.

i think USA will be a big market opener
Click to expand...

I got my USA offer and mailed it straight off. I got thousands of MTN's so I should get priority. Hopefully it'll be a big winner even with Tom Phillips at the helm and not another Misubishi. Regards YN.
 
Re: USA - UraniumSA

Sorry guys ,plse excuse my ignorance: But apart from this share being a start-up IPO ,& that it has a few tenements to explore (as stated in the prospectus) ,what "Red Spot Specials" things have I missed ,that should make me want to buy this share? Perhaps I'm not as manic as others on this board.
 
Re: USA - UraniumSA

3 veiws of a secret said:
Sorry guys ,plse excuse my ignorance: But apart from this share being a start-up IPO ,& that it has a few tenements to explore (as stated in the prospectus) ,what "Red Spot Specials" things have I missed ,that should make me want to buy this share? Perhaps I'm not as manic as others on this board.
Click to expand...

no worries

they have the australian representative of CNNC on their board as a director; CNNC is Chinese National Nuclear Company, the monopoly uranium buying group on china, any uranium sales goes through these guys

the guy thats on their board is the same one that stitched up the deal btw CNNC and was it UXA?? back in april

why would he be on USA board?? i reckon their will be some corporate play, maybe a takeover by CNNC or maybe just a 50% stake, for 30mil? 40mil?

im not sure but the way i see it the potential is enormous

i also read some (positive) media articles in the age and mine site, surely that wont hurt

with the uranium spot price firing up again it almost reminds me of march/april, when u mentioned "olympic dam style" to get a 30% jump in sp ie. redport, and the times when u change ur name from GWE (great western exploration) to URA (uran limited) and the share price immediately GOES UP FROM 10C TO 40C!!! for a NAME CHANGE!!! Thats the kind of U fever that seems to be returning, and thats exactly why i reckon we will open at 60-70c on the open
 
Re: USA - UraniumSA

Well I bought mine on BPay this morning.

I assume it will go through. And I'll get them.

I am not as excited about this as others are, and I may infact sell the first day they are listed if they go up much.

We'll wait an see anyway.

So to confirm they list October 9 at 20 cents. When or what price are others thinking of selling?

What is a conservative estimate of what they will close at after 1 days trading?
 
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