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URU Metals – No-One-Is-Watching O’Clock Suspension Pending (Already) Late Accounts

By Nigel Somerville, the Deputy Sheriff of AIM | Saturday 24 December 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Yesterday afternoon, at 3.41pm (no-one-is-watching o’clock on the penultimate trading day before Christmas) AIM-listed John Zorbas vehicle URU Metals (URU) announced that its shares would be suspended as from 3 January 2023 as it is still unable to produce its accounts, even after a three-month extension. The announcement, if you read between the lines, was utterly grim.
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