MRO - Monaro Mining

[nirama]

Hi

Just wanted to see the forums expert opinion on this one. I was told to buy in at a good price and looks as though i have missed the boat on this one. Share price up 13% yesterday only.........what are the thoughts of the legends on this forum?

 

[panem]

Monaro is one of my picks out of 420 Uranium Companies.

Quite cheap in its value and possible near term producer.

Kisses,

panem

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Currently holding: Ditem, Curnamona, Marathon, Wild Horse, ESO, CanAlaska, Monaro, First Majestic, Arafura, Bayswater, JNR, Strathmore, Northern Canadian, Melkior, Pele Mountain, Santoy

 

[doctorj]

What makes it cheap?

 

[panem]

Market value compared to possible JORC and mining possibility.

Read furthermore:

Far East Capital

 

[doctorj]

You're a big fan of Warwick Grigor I see.

 

[panem]

Dines, Sprott, Grigor...

My heroes.

No, seriously: the knowledge about u-stocks around the asset managers is very limited.

I am glad that there are some guys out there taking some time to analyze - since I am always willing to compare their results with mine.


Kisses,


panem

 

[doctorj]

So, if you think its undervalued, what do you value it at and how do you arrive at that valuation?

 

[mmmmining]

MRO is Warwick Grigor's Baby. He is a very nice person. I like him.

 

[Sean K]

I'm not sure how you put a value on this company. I've just read through their last few anns, their last annual report and the investor presentation, I can't see how you can determine how much uranium or gold they have and then compare market cap to lbs au equiv or uranium. From what I've read there have been historical essays in the Kyrgyz Republic in the vicinity of their tennaments, and there is visable uranium there, but how deap, wide, grade is unknown. Historical grades look very good, but hardly any U has actually been pulled out of there. 3,500 tns out of 3 mines...7.7m lbs...

Sure the market cap is low ($40m) relative to peers, but that doesn't make it good value in itself. $5.5m in the bank - that's the only thing I can value this company on right now, the rest is highly prospective. Long way to go till this is mining anything..

 

[panem]

Let me answer this with a question:

How would you value Western Prospector?

(not holding - next thing to buy)

I am VERY interested in your answer since it will show me how deep you are understanding this mining business.

Be so kind!


Kisses,

panem

 

[doctorj]

Kennas and I are just keen to see if you're as gifted in your analysis as you are with ramping.

We look forward to your reply.

 

[panem]

Hey, doc!

Have you ever been to an fine arts auction?

There is that picture...looks like an old masterpainter...

You are not quite sure - since there is no name on it and the experts haven't rated it yet...

It is for sale: First bid: 4.000 $.

If it IS a REAL Rembrandt it should be at 4 Million...

So...you decide to wait...

Next bid: 10.000....

And wait...

Untill the experts say: Indeed, a Rembrandt!

But!

Uh-oh!

I already bought it at 50.000!

Sorry for that - since I could recognize it for what it was...

Example?

I went into Pele Mountain at 40 cents - since I was quite sure the lbs would get 43-101.

You mods here would say: "What value! Those low grades! Nothing!"

Pele got 43-101 today for 33 mio. lbs.

Next price target is 2.50 $.
THAT is the business, sweethearts.
Look at Wildhorse...

Don't get too angry with me since I am one of the least ramping girls at the German stockboards...

Read some German Investment letters!

THAT is ramping, Gents!


Kisses,

panem

 

[panem]

Kennas and I are just keen to see if you're as gifted in your analysis as you are with ramping.

We look forward to your reply.

Sorry, it is your turn with Wildhorse and Western Prospector - since you are the experts here!

Give me some key numbers, gents!

Very sweet Kisses!

 

[Kauri]

Hey painen,
You stated in another thread that you were a banker as well as a financial advisor. The rules over there must be slacker than here. Methinks your style of posting would cost you your license in Aus.
Cheers

 

[panem]

Hey painen,
You stated in another thread that you were a banker as well as a financial advisor. The rules over there must be slacker than here. Methinks your style of posting would cost you your license in Aus.
Cheers

Ever been to the USA?

I guess not...

 

[doctorj]

Don't get too angry with me since I am one of the least ramping girls at the German stockboards...

We're not angry with you, we just would like you to add some tangible reasons to your post.

You can value these junior explorers by all means. You can estimate the potential value of the resource by the strike length * depth at adjacent mines * grade at adjacent mines * in-situ value. You could look at management estimates of the size of the resource and compare it to industry peers. There are a million and one different ways you can assess whether or not something is a steal BEFORE they have a JORC resource.

What you can't do is claim that its a good thing because you've got a good feeling about it.

You might not be considered a ramper in Germany, however here you are. You obviously have a lot you can add to these forums, but you need to begin sharing it rather than just talking up your latest buy.

 

[panem]

Sorry for that last post.

What I wanted to say is:

Who made the big dot.com bubble and earned abot 600 billion $ with greenshoes an IPOs?

The banking trusts and the financial advisors!

There are so many pushers out there ramping companies worth nothing.

I know fonds and fondsmanagers who are telling only lies to there clients without any regrets.

I know well known rating companies who would give you an AAA for the last nonsense if you are willing to pay them 10 Mio.


And you are telling ME that I am ramping?

After 500 hours research?

Give me better u-companies.

I beg you!

Top grades, Jorc, low value, no political risk!

Do you have it?

 

[panem]

We're not angry with you, we just would like you to add some tangible reasons to your post.

You can value these junior explorers by all means. You can estimate the potential value of the resource by the strike length * depth at adjacent mines * grade at adjacent mines * in-situ value. You could look at management estimates of the size of the resource and compare it to industry peers. There are a million and one different ways you can assess whether or not something is a steal BEFORE they have a JORC resource.

What you can't do is claim that its a good thing because you've got a good feeling about it.

You might not be considered a ramper in Germany, however here you are. You obviously have a lot you can add to these forums, but you need to begin sharing it rather than just talking up your latest buy.

Accepted and willing to do so!



What about Western Prospector?

 

[doctorj]

Don't have the time, nor the interest/need to do so.

I'll stick to not ramping and so will you.

 

[mmmmining]

For me, I have met Warwick Grigor in person. I know he does not like WHE, and he created MRO. I guess nobody should follow his research blindly. Your own research and trading method should be above his view. Warwick's research is great overall, and make a lot of people rich. But he does not have crystal ball to nail down every great stocks. He do suggest me to take basket approach, spread your investment in uranium over at least dozen of stocks.

When talking about a speculative stocks, just a bit of fundamental, a bit of technical, and a lot of psychological factors.

A lot of situations are pure investment art, or sixth sense... or hit and miss.

It just wastes your time to attach each other over Warwick Grigor's view. Why not just take basket approach, and whoever owned MRO, go buy some WHE, or the other way around.