MKY - MKY Resources

[BradK]

Re: MKY - MKY Corporation

I got another parcel at 6.3

It can go back up now.... waiting!

Somebody open the door to the buyers

BK

 

[mickqld]

Re: MKY - MKY Corporation

I know this stock is getting hammered at the moment but just stop and read the following article from resourceinvestor.com and think of the impact on this stock after April:

April 29 - A Day to Watch for Uranium Investors

By Chris Gilpin
28 Feb 2007 at 12:13 PM GMT-05:00

STOWE, Vt. (Casey Research Advertorial) -- For more than 20 years, Australia - with its rich uranium resources - has been largely closed for yellowcake mining. But now the country may be preparing to open its doors to junior uranium explorers and producers, which, in view of the Cigar Lake breakdown, would be a major step to ramping up production in the foreseeable future - and could provide some excellent investment opportunities.

Australia is poised for a breakout in uranium production. The land down under hosts 36% of the world’s reasonably assured uranium resources (recoverable at low cost) - more than any other country - and yet it accounts for only 23% of global output. But that picture could change drastically in the next few years.

The current opposition party in Canberra - the federal wing of the Australian Labour Party - could have the largest influence on the future of the uranium industry. Their leader, Kevin Rudd, supports a rethinking of Labour’s opposition to uranium mining. The federal Labour conference takes place on April 27-29 and will be a pivotal event for Australian uranium politics.

Why? A federal election must occur in Australia sometime in the second half of 2007. Kevin Rudd is a popular figure, and polls show that Labour has pulled ahead of John Howard’s ruling coalition for the first time in years. The last Morgan poll gives Labour 48% of the popular vote, while John Howard’s coalition sits at 38%.

Labour holds the balance of power in each and every one of Australia’s states and territories. Its regional governments’ attitudes toward yellowcake vary. New South Wales and Victoria ban all uranium-related industrial activity, even exploration. Queensland and Western Australia straddle the fence, allowing uranium exploration but not uranium mining. Tasmania has no ban in place, but has never drawn interest from uranium explorers. Only South Australia and the Northern Territory (neighbours in the middle of the continent) have allowed uranium mining.

Here’s why the April Labour conference could be a game-changer: Queensland’s premier, Peter Beattie, says that his state will fall in line with the policy that reaches consensus at April’s gathering, which could signal an immediate boon to companies working in that province.

The stakes are enormous. Because of past governmental disincentives, few of Australia’s prospective uranium regions have been explored with up-to-date technology. There’s big potential for a significant discovery in the Northern Territory, where, according to a November 2006 report by the Northern Territory Minerals Council, only 20% to 25% of the prospective rock units have been effectively explored.

Most likely this holds true for other regions of Australia as well. Today airborne electromagnetic surveys can yield useful data from ten times deeper into formations than they could in the 1970s. Many authorities, including the Uranium Information Centre and Geoscience Australia, believe that past exploration was superficial by today’s standards and that there are several resources at depth waiting to be found.

A look at history makes it even more apparent how groundbreaking Labour’s potential change of attitude could be. In 1984, the federal Labour government instituted the “three mines policy,” which was intended to eventually end all uranium mining in Australia. The law stipulated that only the three uranium mines in production at the time would be given permits to export uranium: the Olympic Dam project (the world’s largest uranium mine) in the state of South Australia, and the Ranger and Nabarlek mines in the Northern Territory. Provisional approvals for other would-be uranium mines were cancelled. Labour’s notion was that when the three producing deposits had been exhausted, uranium mining in Australia would be finished for good. Exploration cratered, and today Australia’s known resources are little changed from what they were 20 years ago.

After John Howard’s coalition government swept into power in 1996, it scrapped the three mines policy. But because state and territorial governments were all dominated by the Labour party, the industry still made little progress. In fact, the Nabarlek mine had already shut down in 1988, leaving only two mines in operation. In 2000, the Beverley mine in South Australia opened, bringing the number back up to three. And today there is the prospect that SXR Uranium One’s [TSX:SXR] Honeymoon project will become Australia’s fourth uranium mine. SXR Uranium One received its export permit from the federal government in January of this year, an essential step for uranium production in a country that hosts no nuclear facilities.

With Labour threatening to win the 2007 federal election, that party’s stance on uranium will be pivotal for Australian exploration companies and, indeed, for the global uranium market as a whole. This April’s conference will provide crucial clues as to the shape of things ahead.

Copyright © Casey Research 2007

Chris Gilpin is a senior researcher for Casey Research, publishers of the Casey Energy Speculator, one of the world’s leading monthly newsletters dedicated to uncovering junior oil, gas and uranium companies poised for significant increases in production and share appreciation.

 

[Sean K]

Re: MKY - MKY Corporation

I know this stock is getting hammered at the moment but just stop and read the following article from resourceinvestor.com and think of the impact on this stock after April:

Mick, just because the stock might have something to do with uranium does not mean it will automatically go up after the no new mines policy is changed. You need to provide more detailed information in your posts as to why you think MKY specifically will go ok.

This type of information is best placed in the general uranium thread.

 

[mickqld]

Re: MKY - MKY Corporation

Mick, just because the stock might have something to do with uranium does not mean it will automatically go up after the no new mines policy is changed. You need to provide more detailed information in your posts as to why you think MKY specifically will go ok.

This type of information is best placed in the general uranium thread.

Considereing MKY holds tenements in QLD which is probably the most contentious area affected by Labours policy direction I thought this article would apply most directly to stocks like MKY which will critically depend on the outcome of Labours April conference.

 

[Sean K]

Re: MKY - MKY Corporation

Considereing MKY holds tenements in QLD which is probably the most contentious area affected by Labours policy direction I thought this article would apply most directly to stocks like MKY which will critically depend on the outcome of Labours April conference.

Yes, I agree the Labor Party policy change will certainly effect companies with tenaments in QLD, but I think this is factored into the prices now. It seems to be in the bag, although there might a % or more to be squeezed out of U players when the decision is finally made. But what's so good about MKY? That's all we're all after. Cheers.

 

[nizar]

Re: MKY - MKY Corporation

It seems to be in the bag, although there might a % or more to be squeezed out of U players when the decision is finally made.

In my opinion, theres massive upside for SMM if this policy change comes through and im not talking a % im thinking more like double digits++.
You still holding your SMM?

(excuse the off-topic)

 

[joewoo]

Re: MKY - MKY Corporation

I think Mick got a valid point. I expect the price of MKY will go up in the coming few months. It's under priced.

 

[Joe Blow]

Re: MKY - MKY Corporation

I think Mick got a valid point. I expect the price of MKY will go up in the coming few months. It's under priced.

Joe - care to expand a little on your remarks? Why do you see MKY as being undervalued?

 

[Sean K]

Re: MKY - MKY Corporation

In my opinion, theres massive upside for SMM if this policy change comes through and im not talking a % im thinking more like double digits++.
You still holding your SMM?

(excuse the off-topic)

Since Rudd said he was leaving it to the States to decide and Beattie then said he wouldn't allow it, I sold my holdings and won't buy in QLD until it looks like Beattie gets the chop. Not saying some juniors won't benefit from finding a big paddock full of cryptonite there, but less likely once the policies are in concrete. Long term the policy is bound to change in QLD, but who knows what price U by then? UBS have long term average price at $40, which might not make new low grade discoveries viable....

 

[mickqld]

Re: MKY - MKY Corporation

UBS have long term average price at $40, which might not make new low grade discoveries viable....

Just how many years away is this long term price? About 15 to 20 I would say judging by the scarcity of the stuff coming out of the ground at the moment. By that stage we will all have moved on to the next big bubble I would hope by then.

 

[danc]

Re: MKY - MKY Corporation

Check the closing price line chart on this for a great reverse or is it a inverted??? H/ S patten( dont want to get into trouble for using the wrong term) with dbl or Triple btm at base and multi btms on hier rite shoulder. a break of the rite shoulder shot around .072 and i will add to my possie big time . In my opinion and not that i would know of course but this is a much better H/S patten than the ones we have just seen EVE and SBM come out of . now i know that most people who really know pattens dont believe that H/S pattens are very reliable , but thats not my opinion. also funny thing about this MKY H/S (reverse/ inverted?)patten ti fits the fibbo ratios exactly which a lot of currency traders reckon makes it a 85% chance not that i would know of course i have just heard this.and we all know about hearsay.

 

[joewoo]

Re: MKY - MKY Corporation

Joe - care to expand a little on your remarks? Why do you see MKY as being undervalued?

Sorry about no explaining when leaving the comment. But here is why I think it's undervalued.
1)Strong support at 0.60 based on the performance of last month
2)Majority of trade finished between 0.65-0.70 (When the daily trade volume is bigger than 5m)
3)Graph, IMO from 04/04(GM meeting) until now, it's appeared to be the adjustment (correction) period.
4)From 30/3 to 3/4 40million trade in 3 days. From 4/4 to 20/4 50million trade in 11 days.
5)Policy will definitely affect the price. But I reckon the price will vary more than 1c before that date(29/4). (either north or south)
It's only MO. See it as a ****.
BTW, I got in @.064.

 

[Kimosabi]

Re: MKY - MKY Corporation

You've got to be kidding me.

These guys have come out of voluntary administration and are apparently meant to be in advertising according to their description on the ASX.

"The Company's vision is to become the leading provider of 'Attentive Media' advertising in high-traffic, indoor retail venues. 'Attentive Media' is a term adopted by the Company to describe an environment where advertising materials are presented to consumers at very close range, for an extended period of time, and in close proximity to the point of purchase, such as shopping centre food courts. "

And now they are a Uranium company???



All I can say to anyone who put money into these guys is 'Good Luck', my Barge Pole is firmly locked in the Garage...

 

[danc]

Re: MKY - MKY Corporation

good managment , lots of experience , good areas and more to come , have taken over all the old qld uranium mines areas which were very positive as i under stand and added to from around the palmer river. soon to chaange name to QLD URANIUM , the bloke running it is a real heavy hitter and the other three are no slouches.OBV is very strong on the week and mth and rising on the day which means to me the monie is in and rising.and the patten is there.this was a not operating media c/o taken over to be used as a vehicle fot this operation.as i understand.check the vol on the mth chart especialy jan this yesr and it hasnt come back out, the monie is in in myopn.

 

[Glenhaven]

Re: MKY - MKY Corporation

MKY has its Uranium claims located in North Queensland. I assume the price weakness is related to Premier Beattie's statement yesterday that if unanium mining is at the option of the states, and Rudd has said it will be, then it will not happen in Queensland.

 

[joewoo]

Re: MKY - MKY Corporation

MKY has its Uranium claims located in North Queensland. I assume the price weakness is related to Premier Beattie's statement yesterday that if unanium mining is at the option of the states, and Rudd has said it will be, then it will not happen in Queensland.

Rudd has successfully abolished the policy. Now it's just a matter of time when this will happen in Queensland.

 

[nizar]

Re: MKY - MKY Corporation

BONANZA uranium grades?
A bit of a director ramp there dont you think Kennas? LOL

It seems to have worked though.
Not a breakout, but certainly a break of the downtrend, interesting to see where she closes.

 

[sydneysider]

Re: MKY - MKY Corporation

BONANZA uranium grades?
A bit of a director ramp there dont you think Kennas? LOL

It seems to have worked though.
Not a breakout, but certainly a break of the downtrend, interesting to see where she closes.

I have been out of MKY for a long while BUT these grades at Exploration Target Zone No1 are astounding. They average out at 11,577 ppm all located within 12 square kms with a focus on a "highly anomalous target zone" of 2.5 kms x 800 m.

The balance of 30 samples away from the target zone averaged out at respectable 407 ppm. This is very exciting stuff for early exploration and is amongst the highest grades that i have seen recently from early U exploration in Australia.

 

[mickqld]

Re: MKY - MKY Corporation

Well it has been a long wait for this one to show some signs of life but finally we have something to grasp onto. Very close to cutting out of this a few days ago but thought I'd hang on till end of June. Glad I did, onward and upward hopefully.

 

[sydneysider]

Re: MKY - MKY Corporation

Well it has been a long wait for this one to show some signs of life but finally we have something to grasp onto. Very close to cutting out of this a few days ago but thought I'd hang on till end of June. Glad I did, onward and upward hopefully.

We are almost up to 80 million shares to-day, which is an all time record and we have made a very major breakout from a dismal trading pattern. We are currently taking out resistance around 7 cents. Could see some very powerful moves ahead IF this resistance gets taken out.