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EPIC URU
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Red Flags At Night: URU – 7am Pump, No-One-Is-Watching O’clock Dump by John Zorbas

Tom Winnifrith covered yesterday morning’s non-news of AIM-listed URU Metals’ (URU) proposed listing of majority-owned Toronto-listed subsidiary ZEB Nickel on the joke US OTCQB market. The shares rocketed from 170p to 210p on the news, a 23.5% gain. But the bald truth is that we are talking about a joke market with little liquidity and in any case, I would have thought your average US punter would manage to get access to the Toronto Venture exchange without having to deal with a tin-pot middle man.

EPIC URU
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Uru Metals – shares ramped up on US OTC Spoof, John Zorbas is 'avin' a Turkish

Luckily those attracted to owning shares in joke John Zorbas company URU Metals (URU) have the collective IQ of a cheese sandwich so they fell for the spoof. But spoof it is. As Nigel pointed out when Uru snuck out dire results on New Year’s Eve, Uru is almost certainly running on vapours with a death spiral to convert outstanding debt kicking in at 85p. Thus, a share price of 200p (up 17% on the spoof) is insane.

EPIC URU
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URU Metals – Shares Crash 19% On No News. Why?

I cannot help but notice that shares in AIM-listed John Zorbas vehicle URU Metals (URU) have crashed by 19% thus far today, on no news. Having called it a sell at 405p in August, a sell at  320p in September and a sell at 270p earlier this month, the stock is now down to 190p. Of course, it is still a sell but perhaps it is time for an early Ouzo as the shares have now more than halved.

EPIC URU
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URU Metals – Still Sliding, Still One to Sell

When I commented on AIM-listed URU Metals (URU) at the end of August, following the “disposal” of its Zebediela nickel asset to TSX-V listed cash shell (with no cash) Blue Rhino, now Zeb Nickel (TSX-V:ZBNI) the shares were 405p and I said sell as it was an accident waiting to happen. By mid-September they were down to 320p and I still said sell. Now, following after-hours full year results to March, slipped out at no-one-is-watching o’clock on deadline day (never a good sign) – and showing it had net current assets of MINUS $1.5 million – the shares are down again, to 270p – and in my view they are still monstrously overvalued and a sell.

EPIC URU
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Red Flags at Night: URU Metals (yet again….) Slips out Dodgy Results at 5.35pm

AIM-listed URU Metals (URU) – the firm which prefers to mine its own shareholders rather than anything in the ground, according to Cynical Bear – slipped out its full year results to March last night at 5.35pm on deadline day. Truly, this is no-one-is-watching o’clock, but ShareProphets was watching and the numbers are – again – horrendous.

EPIC URU
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URU Metals – The Slide Continues: Keep Selling!

I cannot help notice that John Zorbas’ AIM-listed URU Metals (URU) continues to slide. At the end of July I noted that the shares, then at 405p, seemed to represent over-valuation to the point of madness. By the end of August the shine had started to come off with the stock at 390p. Now they are 320p – and still monstrously overvalued.

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