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MRO - Monaro Mining

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Looks like MRO camp win the first round. MRO reached all-time high $2.2. The European tour headed by Warwic Grigor is working.

If you believe Warwick Grigor, you should have this uranium stock in your basket, MRO is his baby (I don't know what kind of conflict of interest in this situation, Chairman of MRO, and Stock Analyst for MRO. But at least his reputation is on the line if he failed on MRO).

But WHE looks very promising too by ann. Time will tell who will win next round. If you have both, you may have win-win situation, am I right?
 
Evening all (let's get back to the topic at hand shall we?),

I've been following this company with some interest since Montagu first made a buy recommendation on MRO at $2.05 some months ago, obviously the sp has softened considerably since the to around $1.65 today. Significantly, MRO made an announcement today for an application to issue another 700M Fully Paid Ordinary Shares at $1.20. Although when I last checked they had around $5.5M cash on hand.

What are people's thoughts on this development?

There are also a few logical conclusions to arrive at when considering their operations in the Kyrgyz Republic (for me anyway):

- Sovereign political risk in the Kyrgyz Republic.
- Local infrastructure constraints, eg. roads and workforce
- Interruptions in exploration and drilling due to weather (I imagine it gets pretty cold in the Kyrgyz Republic).
- Difficulties in converting old Soviet data into a JORC compliant resource

Now that we are heading into the Nthn Hemisphere summer field mapping season, are we likely to see a blaze of announcements and a rebound on this one, or will the market continue to hedge its bets? If Warwick Grigor's reputation precedes him (which it sounds like it does for some), I would imagine the project as a whole has some fairly solid fundamentals.

Some of you out there will be much more knowlegeable than myself re MRO, so I'm looking forward to your replies!

Cheers
jman2007

I am not a financial analyst, nor are my views intended to be treated as such
 
The MRO bubble has well and truly burst. Sellers outnumbering buyers right now at least 4:1, good times for bargain hunters I suspect. Sp continues to fall, down to $1.36 ish today. Uranium does seem to have lost it's flavour with the market, but the fundamentals of MRO seem to be in place. They have a solid managememt team, and will have $10M in the bank after next round of cap raising.

I think a crucial factor for MRO is the maintaining of focus and the intelligent allocation of resources, considering their various projects around the world. Communication with the market has been patchy at times, probably shaking investors confidence at times.

I hold for now.
 
Monaro has just been recommended by a German stock letter.
Summary:
- Monaro is a potential High-Flyer
- Investment Risk: very high
- Price Target: 3 AUD within 2 years
 
DonAqua said:
Monaro has just been recommended by a German stock letter.
Summary:
- Monaro is a potential High-Flyer
- Investment Risk: very high
- Price Target: 3 AUD within 2 years
Click to expand...

Don, any hope of us getting an English translation of the stock report? Probably a bit of a longshot!

Becoming clear that the Aramsu project will be a key cornerstone of MRO's success or otherwise. This deposit most likely to provide them with an early production possibility, but some geological complexity still remains to be resolved.

Not sure where the support base may lie for this one, tried to rally around $1.75 but may have a bit further to go yet!
 
jman2007 said:
Don, any hope of us getting an English translation of the stock report? Probably a bit of a longshot!

Click to expand...

Well, are there any translaters which process pdf documents? I am not aware of any. Then it would be easy.

That report outlines 5 of MRO's projects ( 7 are mentioned ) in K. and also talks about their joint venture with uranium experts Hapsburg Exploration in Australia with main project Fog Bay and covers their presence in WA, QLD and NT.

I recite : " Low market capitalisation with good future prospects makes this actual almost unknown Uranium stock a potential high-flyer."

Buying strategy: Buy at 1.30 AUD ( accumulate at 1.05 )
For the moment: No stop loss

----
Follow the call of high profits ..
 
Well,

Just goes to show what one stock report can do. Also may be a response to a favourable article in the WA newspaper a few days ago, in which investment Bank UBS were particularly bullish re the uranium price, predicting the the upward trend will continue and we may even see > $200/lb for yellow cake next year.

One of Monaro's competitors, CTS just announced JORC resource for one of their Kyrgyz projects, may inspire Monaro to up the ante over the summer months.
 
If someone starts mentioning a stock, the lemmings are running. We are not all lemmings, I guess. Maybe a frist flight attempt to get some height after those articles have been published. I wonder if the share price will come back to the 1.30 level
 
DonAqua said:
If someone starts mentioning a stock, the lemmings are running. We are not all lemmings, I guess. Maybe a frist flight attempt to get some height after those articles have been published. I wonder if the share price will come back to the 1.30 level
Click to expand...

Healthy volume in first hour of trading this morning, 100,000+ shares changing hands. Briefly touched on 1.595.

Suspect will probably test support out at 1.50, agree with you Don, still possible for this to come back into the 1.30-1.40 range. Not sure there would be too much downside underneath this though.
 
I am only in the process of analysing the fundamentals. Any information would be welcomed.

It does have risk, especially geopolitical, but that is off-set to a degree by its management, which is experienced and I suspect may start making a push towards European investors. Its patchy share information practices are soon to be offset by two weekly updates.

I do not know to what extent it could be considered a near producer? Any thoughts.
 
High risk - possible high reward:

What I know is that Monaro holds mutliple advanced Uranium and Gold projects in Kirgisistan (K? something in English). 5 of those 7 projects have an advanced status in exploration, as there are historical data about significant mineralization in Uranium and Gold for those areas. Those areas belong to the most extensive of their kind. They have resources and reserves which have been classified after Soviet standards and have been previously Uranium production areas.
Beyond that MRO has aquired prospective Uranium projects in Australia, in addition to their Gold and raw materials projects in NSW.

Their team has good geological knowledge and experience. And the core team of their partner Hapsburg Exploration has with Mohan Varkey, Lee Spencer and David Bennett people who have decade-long experience in the Uranium sector and have been working for international Uranium companies.

The greatest risk is the political risk, I think.
 
Thank you for that DonAqua. Perhaps one of the attractions is that, regardless of any fundamentals, Grigor is on the board and a significant shareholder. That gives him both incentive and ability to push the company, something that he can do, both in Au and Europe. It would be wrong to buy solely on speculative grounds.

I see that Cameco has had a futher timing setback at Cigar lake, and that tends to improve the position of other producers/near producers, however I anticpate that any companies purchasing uranium over the next 0-5 years will wish to to do from a stable supply source (geopolitically as well).
 
Ok,

well the heart rate and blood pressure slowly returning to "pre-sub prime implosion" levels. No news for a while, but added another 5.5c today to reach 1.25 at close, albeit on light trading. Reasonably happy with the recovery so far, but imo could still be some volatility to navigate before we come out on the other side. 1.30-1.40 to much to ask for? You still in on this Don?

$10M in the bank once options exercised I see, looks like they'll be pushing hard on the Oz exploration front now esp up at Fog Bay with aeromag and radiometric survey starting. Not too much to get excited about in the latest investor presentation at the Perth U Conference in July. Layout basically the same as it was at start of year, but they added a 3d-block model of Aramsu in for good measure, which is nice to see. Diamond drilling starting soon at Aramsu? Not sure if they have unlocked all the geological complexity there yet, this latest programme should probably help constrain dimensions though. Dunno, need news...

Personally i'd like to hear a bit more about the touted "developing relationship with Chinese U specialists", information a bit scarce at the moment though. On the upside, I see Grigor has increased his stake in the company earlier this month.

Let's chew the fat....
 


Just came back yesterday from a 4 weeks vacation in Southern France with no access to the Internet. I'll have to catch up with what happened since then. I don't think something fundamentally has changed in the u3o8 sector. Would prefer Thorium is used instead of Uranium for nuclear reactor fuel, as there is less problems with that ( only 500 years 'beaming' instead of 10000 as with u3o8 for example ). But nations want the bomb, so they go for uranium instead of thorium.
 
Something a few months old (december 2006), a write-up by UraniumLetter/Goldletter International about Monaro.

Just in case you have not seen it yet: www.goldletterint.com

You can find under section: Uraniumletter International
 
DonAqua said:
Something a few months old (december 2006), a write-up by UraniumLetter/Goldletter International about Monaro.

Just in case you have not seen it yet: www.goldletterint.com

You can find under section: Uraniumletter International
Click to expand...

Interesting to read the stock recommendation letter in light of the recent market events, but probably agree with you Don, not too much else to coment on in the last month or so. If you believe the latest MRO announcement, investors in the US would love a piece of the yellowcake pie, hence the market listing in the US. No immediate share placement planned, so management obviously believe that there will be sufficient interest.
 
Gone into trading halt,

Anyone care to speculate what could be brewing?

No 2-weekly operation updates for a while as promised by Grigor, I am cautiously optimistic however.

Cheers
jman2007
 
jman2007 said:
Gone into trading halt,

Anyone care to speculate what could be brewing?

No 2-weekly operation updates for a while as promised by Grigor, I am cautiously optimistic however.

Cheers
jman2007
Click to expand...

Don't know. Maybe the board changes give any clue? Michael John Evans ceased to be director, and Malcom James is the new one. If Michael sells his shares or part of them to a new investor maybe.

Or is it the pending US listing?

All we can do is speculating for the time being.
 
UKL (I hold) went into trading halt at the same time as MRO more than a coincidence I would guess, as Warwick Gregor is a shareholder in both.
 
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