URANIUM RESOURCES (URA): CHART AND DISCUSSION THREAD

Daily Mail Saturday tips for 2007.......include Geiger Counter....they have just purchased shares in URA in the recent £1.85m fund raising....................

Raises #1.85 million to advance uranium exploration in Tanzania



Uranium Resources plc, the AIM traded uranium exploration and development
company, has received binding commitments to raise #1.85 million through the
issue of 73,900,000 new ordinary shares at 2.5p per share. The Company expects
to announce shortly that is has received binding commitments in respect of a
further 6,100,000 new ordinary shares on the same terms. The proceeds of the
placing, conducted with new institutional and private investors and the
directors of the Company, will be utilised to advance its existing portfolio of
uranium assets in Tanzania and for working capital. The new investors include
Geiger Counter Ltd.

Uranium Resources is primarily focused in the Karoo Basin in Southern Tanzania,
where it currently has prospecting licences and applications spanning circa
7,000 sq km, making it one of the largest exploration land holders in this area.
To develop these areas it has signed a farm in agreement with Western Metals Ltd
(ASX:WMT), in respect of five licences where Uranium Resources is free carried.
The Company also has a joint venture agreement with WMT in respect of an
additional three licences acquired earlier this month.

"Initial trenching results from our Mtonya licences look promising, confirming
high grade uranium mineralisation in channel samples. It is our aim to advance
our licences in the Karoo Basin and continue reviewing other potential projects
in known uranium districts in Tanzania and other parts of the world. Through
expanding our operations in Africa, we hope to strengthen our relationships with
uranium industry specialists and become a "Significant player in the uranium
market".



"The Company will now develop plans to potentially list on the Australian Stock
Exchange. The Board believes that such a move will alleviate the liquidity
issues that our shareholders face on AIM and reduce or eliminate the disparity
in valuations between the Company and Western Metals."



Daily mail brief account......................
Whatever your views of the environmental havoc nuclear waste can cause, a WORLD WIDE BOOM in atomic power is under way, some 251 nuclear reactors are being built or planned, on top of 442 already operating.
One way to ride this wave Investment Trust "Geiger Counter" It has bought a cluster of Uranium shares and offers diversified exposure at a time when the rare metal has reached a record $72 per pound.
Geiger Counter this month raised another £21m pushing its mkt cap to £45m the shares were floated in July 2006 @ 50p and have reached 84p, but have further to go..................