Australian Shares Sparty's Blog
Comments on this blog should never be taken as investment advice
Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•AEE trading halt on back of "significant increase in resource in Sweden
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"The securities of Aura Energy Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company.
Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 22 August 2011 or when the announcement is released to the market. "
I posted this several months ago: Aura’s Storsjon Project adjoins Continental Precious Metals’ (TSX: CZQ) Viken Project, which has a published resource of 1.05 billion pounds U3O8 grading 0.017%. This size of resource makes Viken the second largest published uranium deposit in the world after Olympic Dam.
Aura’s considers that it holds approximately half of the uranium field, and anticipates defining resources of similar size to Viken in its Storsjon Project.“
I hold AEE
