MKY - MKY Resources

[sydneysider]

Re: MKY - MKY Corporation

This one has been very disappointing and my worst call of the year. Have not posted for some time, simply out of total failure to correctly read this situation (and some others). Got fully out in the mid 3's preserving capital. Still has the feel and smell of a "falling knife".

 

[TMC19]

Re: MKY - MKY Corporation

This one has been very disappointing and my worst call of the year. Have not posted for some time, simply out of total failure to correctly read this situation (and some others). Got fully out in the mid 3's preserving capital. Still has the feel and smell of a "falling knife".

Agree it has been disappointing but the outlook hasn't changed. There has been nothing fundamental that has driven the price to its current lows. Still optimistic, still holding...

 

[mickqld]

Re: MKY - MKY Corporation

Announcement out Results of Sampling on EPM14315.

http://imagesignal.comsec.com.au/asxdata/20080527/pdf/00845801.pdf

135 samples all between 200ppm and 1200ppm uranium.

Many thorium samples >10000ppm.

Seems we finally have some figures to go on with here. Drilling program starts end of June. Results will take 4 - 6 weeks after drilling ...HOPEFULLY.
MKY dont have a great track record with timetabling.

 

[sydneysider]

Re: MKY - MKY Corporation

There is life here. re-entered at 2.7. The technicals have completely turned around and have now broken out of a five month long basing pattern. MKY is talking about backing in bauxite interests from North Queensland from where it is based. There is now some hope of more upside with substantial upside from current levels based on the break out into the 3.3 area this morning on turnover of 7.7 million shares.

 

[moneyman]

Re: MKY - MKY Corporation

There is life here. re-entered at 2.7. The technicals have completely turned around and have now broken out of a five month long basing pattern. MKY is talking about backing in bauxite interests from North Queensland from where it is based. There is now some hope of more upside with substantial upside from current levels based on the break out into the 3.3 area this morning on turnover of 7.7 million shares.

I have held mky now for over 18 months.
currently we are looking at
uranium surface grades to 37000ppm.
uranium trench grades to 10000ppm.
thorium and good grades in nearly all samples taken.
mky is sitting below comalco and is currently doing a deal
with the chinese on bauxite.
Im happy to be holding this stock.

look at some previous announcements and see what you think.

 

[sydneysider]

Re: MKY - MKY Corporation

I have held mky now for over 18 months.
currently we are looking at
uranium surface grades to 37000ppm.
uranium trench grades to 10000ppm.
thorium and good grades in nearly all samples taken.
mky is sitting below comalco and is currently doing a deal
with the chinese on bauxite.
Im happy to be holding this stock.

look at some previous announcements and see what you think.

Where are u getting the information about the purported location of MKY bauxite leases? MKY has not published any information about location?

 

[moneyman]

Re: MKY - MKY Corporation

Where are u getting the information about the purported location of MKY bauxite leases? MKY has not published any information about location?

The existing tenaments are locatated at an area called palmer river.

Announcement on 19 03 2008 says major tenament expansion.

I have read this to be expansion of existing tenaments.

 

[moneyman]

Re: MKY - MKY Corporation

I had success in getting through to Allan Blood yesterday after so many attemps to get through.
I was told that we now have a new ceo and he is 4 weeks from starting.
A Melbourne fellow with ex-bhp background.
This should keep us a little more informed,he has given his current employer 4 weeks notice.

 

[moneyman]

Re: MKY - MKY Corporation

we now have our new ceo.
All tenaments that have been applied for have now been approved.
Things are looking rather nice around this neck of the woods.

 

[TMC19]

Re: MKY - MKY Corporation

I've been a long term holder of this stock.

A bit of life has been breathed into it recently, anyone know what may have caused it?

I know they are changing their name and may have recently acquired/merged wth another organisation.

Has anyone got any further insight...

Cheers.

 

[Joe Blow]

MKY Resources (MKY) is now known as Callabonna Uranium (CUU).

Discussion of this company continues in the CUU thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=19607

This thread has now been closed.