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URAGF Shares Out, Trading and Performance
On slow days when one person decides to sell a stock it can have a dramatic, but temporary, effect on the share price. In my opinion today witnessed such an occurrence.
I was moved to write this piece as an acquaintance said he wasn't interested in URAGF because he had "looked into past... they have 80 mil shares of cheap paper 2 and 3 cent financings plus debt issues at 3 cents". He dismissed it out of hand without really looking. I won't question his motives.
Many others might be tempted to do the same thing. Here is what I know:
My reckoning is that 80% of the stock this person is talking about has been 'cleaned' over time....
The facts are simple:
from June 2010 to Dec 2010, the total Volume was 61 MM shares @ .047
from Jan 2011 to Dec 2011 the total Volume was 104 MM shares @ .0459
and from Jan 2012 to Present, the total Volume was 44 MM @ .0.34..
So, the shares in question are no longer in the hands of those who were in those financings, and those same shares are now in the hands of traders at higher prices.
I am not saying that a high share count is ideal, but I have yet to see the bogeymen in this stock. Examination of the trading over the last three years tends to support my version of events.
The remainder of untendered stock is at .10 and above.
When it is time to move this stock, it will move, on the reporting of fundamental events. That day is now approaching as you saw with the first shot across the bow: the hiring of a professional top tier IR firm. Give them some ammo, something to work with developmentally, and watch what happens.
Have a good evening,
fringe
dunno ss, seems to be low... uragf
URAGF Bid: -- Ask: -- Last: 0.041 Chg ($): -0.009 Vol: 48,000
This is the first time I've seen a discrepancy between the USA stock and the Canadian stock to this extent. Some might argue, it's only a penny, but it's the % that I'm noticing, along with the volume. Volume was actually light in both Countries, but more so in the U.S....
Anyways, this should begin to get noticed as a solid Graphite play so stay tuned! I like it!
Uragold Announces Progressive IR Consultants Corp as IR_Provider
18 Apr 2012 14:27 ET
Marketwire Canada
Uragold Bay Resources Inc. (TSX VENTURE:UBR), is pleased to announce that it has retained Progressive IR Consultants Corp. ("Progressive") as its investor relations and corporate communications service provider. Progressive is a Vancouver, BC, Canada based company that has provided marketing and investor relations services for publicly traded companies on the TSX and TSX Venture exchanges since 2006.
Progressive has been retained for a three-month period commencing in April, 2012 and ending in July 2012, the Agreement can be extended by mutual consent for a further period, and any extension will be subject to the terms and conditions of a new Agreement agreed to at that time. Progressive will be responsible for building Uragold Bay Resource's investment audience through the dissemination of corporate data packages, broker presentations, broker communications, mining analyst communications, attending trade shows and handling shareholder enquiries regarding the Company.
Progressive will receive $7,500 (plus HST) per month in remuneration and be reimbursed for all approved expenses. The Company will grant Progressive stock options to acquire 500,000 shares in the capital of the Company at an exercise price of $0.10, expiring in May 2013. The options are granted pursuant to the Company's Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture.
The agreement and grant of options is subject to TSX Venture approval.
Patrick Levasseur, president and COO of Uragold stated. "The retention of Progressive IR, a West Coast base IR Consultant firm, will enable the Corporation to increase its visibility outside its traditional base in Quebec."
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt and also holds the Asbury Graphite Mine property in the Laurentians of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
SOURCE: Uragold Bay Resources Inc.
Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO
(514) 846-3271
www.uragold.com
Asbury Grapahite Mine general information as per Uragold website.
http://www.uragold.com/Asbury.php
important points:
- Property is accessible by well paved roads, one hour and thirty minutes drive from Ottawa
- In 1974 a historic estimate of 578,000 tons averaging 10% large flake graphite was reported for the Ashbury Graphite Mine.
- 1985 drilling program confirmed the presence of graphite beds at the bottom of the pit open at depth, indicating an additional deposit of significant potential. Graphite zones to the north and south of the open pit show the potential of additional ore discoveries.
- Existing onsite Mill and infrastructure.
All this puts this project in a well advanced stage.
Asbury Quebec: The Story Behind the Mine
In the late 1980's the Chinese flooded the world market with graphite, driving the price down. This had a long and lasting impact, and many of the best producers outside of China were forced to consolidate and hang on for dear life, for decades. Now, twenty-five years later, the Chinese are short graphite and have restricted its export. Prices have responded accordingly.
Asbury, the world's largest carbon company by their own definition, had abandoned their Asbury Quebec mine in desperation. Only 70,000 tonnes had been mined.
99.9% jumbo flake graphite fetches as much as $30,000 per tonne. Apparently this mine has high quality large flake in abundance, and in volumes exceeding 10%. This is almost unheard of, a very rare occurrence.
UBR recently acquired 100% ownership of the mine, and soon afterwards approached the Asbury family who were delighted to hear that it would be going back into production. A convivial relationship was struck, which is proving out now in dividends. Recently , the former geologist for the Site, the man who spent his career there and knows every nook and cranny, came forward and made himself available to UBR.
UBR activity at Asbury Quebec, commencing very soon, will both prove up the resource and its purity. Uragold expects to prove up, through an NI 43-101, over 2M tones of graphite, having a minimium value of $600M, and quite probably far in excess of that. If 99.9% pure is determined, the resource could be worth as much as five billion dollars.
No wonder larger companies are staking terrain as close to this jewel as possible
Asbury Carbons: Flake Graphite
http://www.asbury.com/Natural-Flake-Graphite.html
'The World's Largest Carbon and Graphite Source for 118 Years'
http://www.asbury.com/images/pdf/brochure%20asbury%20%28carbonsource%29.pdf
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Two Graphite Resource News Websites
You won't miss a trick with these...
http://www.graphite-investor.com/index.php
http://www.mining.com/tag/graphite/
fringe
Graphite Express Conference
http://resourceclips.com/resource-express-graphite-conference-registration/
UBR will be there, formally, as an exhibitor. I will be there.
Check out the video.
fringe
The Uragold DD Sites
The TMX, the home of trading north of the border...
http://tmx.quotemedia.com/quote.php?qm_symbol=ubr
Uragold's filings...
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00011185
There is a whole slew of PR's on URAGF/UBR.Von the following site from Yahoo:
http://finance.yahoo.com/q?s=UBR.V&ql=0
Uragold Samples Up to 12 g/t Gold in Till Concentrates on its McDonald Gold Property
Press Release: Uragold Bay Resources Inc. – Wed, Jan 18, 2012 10:46 AM EST
http://finance.yahoo.com/news/Uragold-Samples-Up-12-g-Gold-ccn-3179331850.html?x=0
Uragold Submits its Bulk Sampling Application for the Beauce Placer Gold Property
MarketwirePress Release: Uragold Bay Resources Inc. – Thu, Feb 16, 2012 10:38 AM EST
http://finance.yahoo.com/news/Uragold-Submits-Bulk-Sampling-ccn-4203309055.html?x=0
Uragold Signs Agreement for the Asbury Graphite Mine and the Canadian Graphite Property
http://finance.yahoo.com/news/uragold-signs-agreement-asbury-graphite-134100304.html
MONTREAL, QUEBEC--(Marketwire - March 23, 2012) - Uragold Bay Resources Inc. (TSX VENTURE:UBR.V - News), Uragold is pleased to announce it has signed an agreement with a private vendor regarding the acquisition of 100% interest in two large flake graphite properties, the Asbury Graphite Mine and the Canadian Graphite property.
Asbury Graphite Mine: The property, located in Notre-Dame-de-Laus, 60 km south of Mont-Laurier, Quebec consists of two claims, which holds the former Asbury Graphite Mine. The mine was an open pit mine that operated seasonally from 1980 to 1989, and less then 70,000 tons were process during that period. In 1974 a historic estimate of 578,000 tons averaging 10% large flake graphite was reported for the Ashbury Graphite Mine (source is pre 43-101, Resource Naturel et de la Faune du Quebec, report GM36039, FEASIBILITY STUDY ON THE MINING OPERATION OF THE GRAPHITE PROPERTY, Baril 1974, by Canastota Mines)
A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and Uragold is not treating the historical estimate as current mineral resources or mineral reserves.
Additionally, a 1985 drilling program confirmed the presence of graphite beds at the bottom of the pit open at depth, indicating an additional deposit of significant potential. Graphite zones to the north and south of the open pit show the potential of additional ore discoveries.
Drilling Highlights (Pre-43-101, source Drill Logs, Asbury Project GM 41533, Raincourt 1985)
---------------------------------------------
Hole Interval (m) % C
---------------------------------------------
M27 (in pit) 45 9.79%
---------------------------------------------
M28 (in pit) 25 10.11%
---------------------------------------------
M29 (in pit) 19 7.2%
---------------------------------------------
M30 (in pit) 14 8.63%
---------------------------------------------
M31 (in pit) 13 7.01%
---------------------------------------------
M25 (south) 12 4.03%
---------------------------------------------
M24 (north) 3 9.78%
---------------------------------------------
A qualified person has not verified the relevance and reliability of the 1985 drill results outlined above and should not be relied upon until the Company can confirm them.
Past metallurgical tests on bulk samples from the deposit have shown that a graphite concentrate with a recovery of 85% was produced where by 50% of the concentrate fall into the large flake grade with an average carbon content of 90% and a granulometry of 80 plus mesh. 25% fall in the medium flake category with an average carbon content of 80% carbon and a granulometry between minus 80 mesh and plus 200 mesh. The remaining 25% fall in the fine flake category and had an average carbon content of 80% and a granulometry of minus 200 mesh. (source: metallurgical tests are pre 43-101, report GM36039, Baril 1974)
A qualified person has not verified the relevance and reliability of the 1974 metallurgical results outlined above and should not be relied upon until the Company can confirm them.
The area is underlined by Grenville formations. The main graphitic formations are layered units of biotite - graphite gneiss
Located on the property is an abandoned 9,000 tons per year graphite mill. It was last upgraded in 1989 and leased by Stratim (Timcal) until a new mill at the Lac-des-iles graphite mine was opened 1991. The municipality of Notre-Dame-de-Laus has informed Uragold that the mill buildings are still on site and have a municipal evaluation of $56,000, however, they have not been cared for since 1991.
Canadian Graphite Property: The property consists of two mining claims located 13 km east of St-Michel-de-Wentworth in the Laurentian region of Quebec. In 1918, the Canadian Graphite Company identified a graphite historical estimate of 168,000 tons at 6.15% graphite (source is pre 43-101, Canadian Graphite Co., Hitchcock 1918). Recently, a 30498 (Territoire affecte a la villegiature) exploration and mining restriction was imposed on the region. Future exploration activities will require authorization from the municipality of Wentworth Nord.
A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and Uragold is not treating the historical estimate as current mineral resources or mineral reserves.
Mr. Vivian Stuart-Williams, (SACNASP), a Director of the Company and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.
Material terms of the agreement are as follows (all amounts are expressed in Canadian dollars). In order to acquire its interest in the claims, the Company shall make the following payments to the vendor.
The Vendor agrees to grant Uragold the exclusive and irrevocable right to earn a one hundred per cent (100%) interest in the Claims, in consideration of 8,000,000 common treasury shares of the Company plus a cash payment of $50,000.00
The transaction is made with a party that is non-related to the Corporation. The acquisition is conditional to the approval of regulatory authorities. Further to the acquisition and its approval, the parties will proceed with the transfer of the titles of the claims to the Corporation.
About Graphite
The price of large-flake graphite has tripled over the last five years due to reductions in supply and increased demand. High grade large-flake graphite sell for up to $3,000 a ton. Lithium ion batteries are composed of 10 to 20 times more graphite than lithium. Focus metals Lake Knife project has a 16% graphite content and is the highest known graphite grade in the world. Other known global deposits are typically in the 2-6% range. At 10% graphite, the Asbury Mine has the potential to be a world class deposit.
Patrick Levasseur, president and COO of Uragold stated. "The Asbury project is similar to our Beauce Placer project, this property benefits from extensive historical exploration work, well-established infrastructure and the real potential of developing a mining operation. I am confident that this major graphite acquisition will add to shareholder value."
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold is a top claims holder in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost gold mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Patrick Levasseur, President and COO
Bernard J. Tourillon, Chairman and CEO
(514) 846-3271
www.uragold.com
Uragold Reconnaisance Drill Results Identifies Bedrock Gold Anomaly Below the Placers of the Beauce Placer Gold Property
http://finance.yahoo.com/news/uragold-reconnaisance-drill-results-identifies-173900285.html
MONTREAL, QUEBEC--(Marketwire - March 30, 2012) - Uragold Bay Resources Inc. (TSX VENTURE:UBR.V - News), Uragold is pleased to announce that the Company's has received the results of its four hole reconnaissance diamond drill program completed on the Beauce Placer Property located near Saint-Simon-les-Mines in the Beauce region of southern Quebec in December 2011. The key result is the identification of a hard rock gold anomaly in the bedrock directly beneath the gold placers. This strenghthens Uragolds' working hypothesis that suggests a proximity to a bedrock source of gold for the buried gold placers.
Gold analysis by fire assay from Laboratoire Expert Inc for selected samples along drill hole RG11-01 returned slightly anomalous values, from 10 to 75 ppb Au, sparsely distributed along core length from 20 m to 130 m of depth. This anomaly occurs in pyritic volcanic and sedimentary units of the Beauceville Formation, with minor quartz carbonate veining. In contrast, the three other holes drilled outside the placer gold channel returned no (or undetected) gold values.
Additional splitting and sampling are currently being applied to intervening length to confirm and better define this anomaly which is located immediately below the buried gold placer, recently confirmed by UBR (press release dated June 16, 2011). If confirmed, this anomaly may represent an alteration envelope from nearby gold mineralization, which may warrant additional drilling.
As previously reported, (Uragold press releases of April 18 and July 5, 2011) Uragold confirmed the existence of a buried orange-brown gold bearing till where analysis of recovered gold grains from Uragold's sonic drill program suggests a proximity to a bedrock source of gold, within the limits of the UBR Property.
Dr. Remi Charbonneau PhD (P. Geo) of Inlandsis Consultants, is a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.
Bulk Sampling Update
Uragold is pleased to announce that on March 5, 2012, the city council of St-Simon-les-Mines has unanimously approved the Company's bulk sampling program. Uragold is currently at a 50 day mark of a 75 working day waiting period to obtain the required permits for its bulk sampling permit from Quebec's MNRF (Ministere des Ressources naturelles et de la Faune) and the MDDEP (Ministere du Developpement durable, de l'Environnement et des Parcs).
About the Beauce Placer Gold Property
The Beauce Placer property was the site of Canada's first gold rush in the 1850's, years before the Klondike gold rush. Two of Canada's largest gold nuggets, the Kilgour nugget at 52 ounces and the McDonald nugget at 45 ounces, came from the Gilbert River, which flows through the property. In the early 1960's, the property was the site of a major placer gold mining operation. The Beauce Placer Mining Co. was the only commercial placer gold mining operation in eastern North America.
Uragold Acquires An Additional Placer Gold Property in Southern Quebec
Uragold is pleased to announce it has signed an agreement with a private vendor regarding the acquisition of 100% interest in Arnold River Placer property comprising of 41 mineral claims located near the town of Woburn, located in southern Quebec's Eastern Townships region.
Material terms of the agreement are as follows (all amounts are expressed in Canadian dollars). In order to acquire its interest in the claims, the Company shall make the following payments to the vendor.
The Vendor agrees to grant Uragold the exclusive and irrevocable right to earn a one hundred per cent (100%) interest in the Claims, in consideration of 2,000,000 common treasury shares of the Company plus a cash payment of $10,000.00. The Vendor has a right to an NSR of 5% for all placer gold production, and an NSR of 2% for all hard rock production. At all times, Uragold can purchase both NSRs for the amount of $5,000,000.00.
As part of the agreement, the Vendor has the right to nominate a new Director to Uragold's Board of Directors. This nomination will be announced at a later time.
The transaction is made with a party that is non-related to the Corporation. The acquisition is conditional to the approval of regulatory authorities. Further to the acquisition and its approval, the parties will proceed with the transfer of the titles of the claims to the Corporation.
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold is a top claims holder in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost gold mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Patrick Levasseur, President and COO
Bernard J. Tourillon, Chairman and CEO
Tel: (514) 846-3271
www.uragold.com
lol you beat me to it! Good job Fringe! This looks like another Graphite winner!
Good start to DD here-Looks promising-
Anyone find financials,and or share structure on this one?
Couldn't find any reference to that on the website.
thanks,
futr
This Should Turn Out Real Well -e-
Good to Have You Here Beast!
bring 'em on.
fringe
thank you for this forum...i see uragf symbol. i like that.
Thanks fringe for starting the UBR message board. Both the Ashbury graphite property and the Beauce gold property should create increased shareholder value for UBR in the coming weeks/months. Will be interesting to watch this one play out.
Quick Background on Interest
Very interesting graphite play forming here.
Investors really like the fact that the company has confirmation and proven large flake graphite reserves. De-risks the play.
The property is open at depth,north and south of the current mineable ore body shown by historical drill confirmation. There is great upside potential to add to the mineable ore body. metallurgical tests look really good with solid recovery rates and good percentage of large flake graphite.
With a market value based at $6.24 million we see plenty of upside here as this story plays out.
fringe
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