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URU…Who R U Kidding?

By Nigel Somerville | Sunday 30 March 2025


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.


On Friday AIM-listed POS URU Metals announced a keep-the-lights on placing to raise just £300,000 (before expenses, natch….) via Axis Capital Markets and the appointment of Axis at joint broker. Jeez….three listings, now two brokers and a pile of other hangers-on to keep this holed-below-the-waterline John Zorbas vehicle on the road. It says it’ll use the funds on the Zebedelia project. So not to keep the lights on or creditors at bay, then? Er…..
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