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MLS - Metals Australia

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She finished off a bit plain today Nizar, not as solid as I would have hoped. Anyone else still holding and positive?
 
Hi, I sold this at 7.4. Interesting the punishment. Mkt cap is low.
 

Haven't heard any more about that U deal MiningGuru, any news?
 
Gundini said:
Haven't heard any more about that U deal MiningGuru, any news?
Click to expand...

I guess not, but not a bad run today for MLS after a morning low of .06, up 10% so far, picking up yesterdays loss's.
 
Good news!

2 granted project areas in Namibia.

Known Uranium occurrences.

Hasn't been explored for 20 years and yet to be tested with modern methods.

Sounds promising!
 
That explains the sudden spike i had on my screen! Great for me considering i doubled my holding yesterday coz i thought it was cheap
 
MLS were to pay for the 2 project with a parcel of Fully Paid Shares and cash, but there was a misrepresentation by the vendor (Namibian title holders), so in the wash up, MLS gets these tenements for free, and get to retain 100% interest.

This was in consideration for Metals agreeing not to pursue the vendors and their advisors for damages!

Gotta be happy with that...
 
Could it mean that the original owners didn't think that the land was worth much? I initially thought it was good getting the tennaments for nothing, then on a second thought that's what came to mind.
 
deftfear said:
Could it mean that the original owners didn't think that the land was worth much? I initially thought it was good getting the tennaments for nothing, then on a second thought that's what came to mind.
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I agree... The original main tennement was not located as stated by the vendors. It was in fact outside the boundary. MLS applied for the 3rd tennement to cover the main uranium occurence but was denied.

The final results of Metals due diligence concluded that both tenements are in known uranium provinces and are located sufficiently close to known uranium occurences to have high prospectivity for uranium mineralisation.

So, basically they are next door to the main occurence, but MLS belives the projects have the potential to host near surface uranium deposits.
 
bottom line is zinc price will continue to go up until demand slows down. right now China is on fire (last week's crash was just a correction), even if China stops growing we still have India in line. their U is a bonus to the sp. i'm holding for long term and do suggest a buy anywhere less than 0.09.
 
Completely agree ... I got in at 9.5c and topped up at 7c few days ago .... and still holding (not that I have any other option) .. long term this stock looks good. March and beyond watch the zinc price rocket.
 
Speedbird675 said:
Completely agree ... I got in at 9.5c and topped up at 7c few days ago .... and still holding (not that I have any other option) .. long term this stock looks good. March and beyond watch the zinc price rocket.
Click to expand...

I bought a few times in october last year, sold half in mid december to protect my capital and currently on free ride. Reason i did not sell all because i believe MLS hasn't really show their true colors, and because of global metals output shortage. Also, I do hope a takeover offer from the big boys.

anyways, good luck to all holders.
 
This one has started to move strongly today, up .5c today to 7.1c

A announcement about drilling in their Zinc deposit is due soon. There is a good chance of a large resorce upgrade.

Maybe insidersw buying before the announcement?
 
Nice move today against the market trend. Maybe ann coming soon.

EDIT: Sorry MiningGuru, beat me to it, hope something good comes out of this....
 
i hope the trend continues.. will enjoy any gains this one can offer..
 
It's been quite some time since we last seen MLS traded over 15.6 mil in volume and strong close too. Up 9%. Good stuff!
 
Written by Robin Bromby, March '07, the Mining Week

Tabs on uranium
KEEPING track of the uranium hopeful stocks is almost becoming a full-time job. These are some of the announcements that came out last week:

* Metals Australia (MLS) has picked up two projects in Namibia. The Mile 72 licence is north of the Langer Heinrich uranium mine while Engo Valley is in the Skeleton Coast Park in the extreme northwestern part of Namibia.
 
Any of you guys still holding MLS?

What key dates are you waiting for?

Is more capital raising expected?

Does the company have too many shares on issue?
 
Patience is the key to this one.

1. high grade zinc deposit with resource upgrades coming
2. 30% free carry in nickel prospects
3. Nambian uranium prospects
4. plenty of cash, approx 4-5 million from memory
 
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