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URL - Universal Resources

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Over a year and a half since this passage was paged.(see below)Both companies working toward the project realization.Xstrata presence in the Isa/Curry region long term.Planned construction of power station.The big `P` (potential) to prove up more reserve as recently observed at Bedford.A while before production starts.With only share price appreciation for holder value, then general agreement of prosperity is coming.

In March 2005 Xstrata Copper agreed to invest AUD6.6 million in listed Australian exploration company Universal Resources
Limited. These funds will provide Xstrata Copper with the right to explore and options to acquire 51% of the Roseby
copper deposits in the Mount Isa Inlier in north west Queensland. Of Xstrata Copper’s AUD6.6 million investment in
Universal AUD4.4 million will be used to part-fund the planned Roseby Feasibility Project scheduled for completion in the
December quarter of 2005. The remaining AUD2.2 million will fund an exploration project undertaken by Xstrata Copper
for additional copper sulphide mineralisation within the Roseby tenement area during 2005 and 2006. Known as the
Sulphide Extension Exploration Project (SEEP), principal exploration targets are expected to be beneath and adjacent to
the native copper deposits within the Roseby Feasibility Project.

P.S....bought some shares in this mob for some reason...but tech/a has taught me some valuable lessons. :remybussi
If you don`t like this post then don`t read it.
 
crackaton said:
These guys have heaps of copper but sp seems to be going nowhere. Xstrata have heaps at .22 cents. I reckon this has to move soon.
Click to expand...

I probably shouldn`t do this but I`m going to draw a comparison with Cudeco drill results and Universal drill results.I would like anyone in the know to point out what the difference is.

Cudeco......
RC drilling from the west at Las Minerale is continuing to intersect visual sulphides over
good widths. DORC 166 intersected 47m @ 0.93% Cu from 65 to112m, which included
25m @ 1.31% Cu from 69 to 94 meters, which further included 4m @ 2.48% from 69 to 73mand 8m @ 2.18% from 85 to 93m. A second zone was intersected with 19m @ 1.37% from
117 to 136m including 12m @ 1.85% Cu from 123 to 135m. (See summary assay results)

Universal......Notable results include:
• BFR104: 19 metres at 1.78% copper, 0.29 g/t gold from 38 metres.
• BFR105: 10 metres at 1.35% copper, 0.37 g/t gold from 108 metres.
• BFR106: 14 metres at 1.52% copper, 0.58 g/t gold from 13 metres.
• BFR114: 9 metres at 1.77% copper, 0.29 g/t gold from 25 metres
• BFR116: 23 metres at 2.20% copper, 0.32 g/t gold from 11 metres
Including 13 metres at 3.34% copper, 0.47 g/t gold from 11 metres.
Of particular note, was the presence of a new shoot lying approximately 30 metres to the west of the
main mineralised zone. The better results from this zone include:
• BFR112: 9 metres at 2.75% copper, 0.58 g/t gold from 48 metres
• BFR115: 8 metres at 0.83% copper, 0.15 g/t gold from 39 metre
 
url have huge tonnage of copper, but unfortunately there is going to be no excitement for a long time.

I bought at 13c and more at 20c so am underwater here.
 
markrmau said:
url have huge tonnage of copper, but unfortunately there is going to be no excitement for a long time.

I bought at 13c and more at 20c so am underwater here.
Click to expand...
I think Xstrata's decision to acquire 51% of the project due before 15 Dec might give it some interest.
 
tech/a said:
Technically this is a dog.
Click to expand...
Agree that there is no reason to buy this on the chart. I think that just reflects that the stock has been overlooked. Or, that it's a dog.
 
When the fundies move the price then it might be technically viable.Yeah I know , trade the price action. :microwave
 
kennas said:
Agree that there is no reason to buy this on the chart. I think that just reflects that the stock has been overlooked. Or, that it's a dog.
Click to expand...
This stock has been definitely overlooked. However, I was burnt last time I traded this stock (down $5,000)...This stock has been my only significant loss this year in an overall busy bull market. You know the motto, once bitten, twice shy. Good luck anyhow to all URL shareholders.
DYOR.
 

Someone unloaded a heap just then.Oh well, someone else picked `em up.
 
Yep, not a good sign to me. About at 300k share parcel, another decent one at $0.135. Why sell just before the decision due.....except if.......
 
Wysiwyg said:
Someone unloaded a heap just then.Oh well, someone else picked `em up.
Click to expand...

I think it`s good to have the sticks out of the mud.Let the river flow . :bayer:
 
Looking pretty ordinary again.

Perhaps the URL directors are selling a few because they know Xstrata are going to say - 'you can have Roseby, we have bigger fish to fry.'
 
kennas said:
Looking pretty ordinary again.

Perhaps the URL directors are selling a few because they know Xstrata are going to say - 'you can have Roseby, we have bigger fish to fry.'
Click to expand...

OUCH !.....OUCH ! :error:
 
greggy said:
This stock is a real dog. Onced burnt, twice shy.
DYOR
Click to expand...
I'll be dumping it under $0.12 ish if it gets there. Woofer to me then.

Xstrata decision next 2 days.

Either:

1. They've kept a lid on it.
2. The senior staff aren't buying in through their bank accounts in the Caymans.
3. No one actually knows that the 15th is the due date. (Maybe Xstrata have forgotten)
4. Xstrata are not going to take up the option. (perhaps there's a clause that will allow them to put it off)
5. It's a woofer....

All the best to those holding.

I only have a few. Maybe 0.005% of my portfolio.
 
I'm sorry to see other people losing money in this dreaded stock. I've lost enough and wouldn't go back into it at any price.
DYOR
 
Due to price action and volume, I am thinking that this decision will not occur, for whatever reason, and this could negatively effect the sp.

I'm going to get out for the minute until there's some volume/price action, or some clarrification from the company.
 
Hi Kennas,

I often try to sell a very underperforming stock like URL which is a true dog, sell at a loss and place funds into stocks with hopefully more potential. I took my $5,000 loss in this stock and placed it into VMS. If I had held onto URL I would have been down over $20,000. There are a number of stocks which appear more appealing, these are just my thoughts. You win some, but some of the new kids on the block don't realise that you can lose as well. I've seen the ups and downs for 27 years and have loved every minute of it.
DYOR
 
kennas said:
Agree that there is no reason to buy this on the chart. I think that just reflects that the stock has been overlooked. Or, that it's a dog.
Click to expand...

This dog may just get up and bark big time. URL control a very substantial amount of ground both North and South of Mary Kathleen that is extremely prospective Uranium country. Please see URL presentation on their website and read the most recent press release on their U activities. I picked up a substantial position in the stock this morning based purely on these fundamentals and the impressive performance of GSE next door. Technically speaking the stock looks like a dog BUT at these prices (15 cents) the stock is an absolute steal as a U play and an active U program underway.
 
I hope you make a lot but I'm very sceptical when it comes to this company.
DYOR
 
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