MRO - Monaro Mining

Sitting on the fence

I presume alternative energy stocks and uraniums are at the button of the U. Or pretty close.
Recession is coming, I know. Or it's already here. But I expect better times ahead for both sectors. Sounds too optimistic? I am always optimist.

It's time to consider buying again. And it's pretty strange: When prices are cheap, not many want to buy. When shares are expensive, most are buying.

Strange, strange world ...

MRO - Undervalued

Wow, very quiet since 2 years. No one follows this one anymore?

This company makes progress. And looks very much undervalued.

Here some updates from RCR Research:

Investment Comment: The past few months have been very significant for MRO, with the announcement of a resource upgrade (Rio Puerco), and a share placement (A$3m) that will allow acceleration of the exploration program. The Rio Puerco and Apex-Lowboy uranium projects could be in production in mid-term, subject to feasibility and permitting. In the near term, they should quickly move towards pre-feasibility in 2010. Exploration budget for Nov ’09 to Jun ’10 is ~A$2.6m. Aside from exploration results, share price catalysts could include the future award of a uranium mining permit to one of MRO’s neighbours in NM. At EV/resource of ~US$0.8/lb U3O8 with considerable exploration upside, Monaro appears very undervalued.

Seasons Greetings. And hoping for a better year.
Don Aqua :bier:

Monaro Mining (MRO) is now known as Australian-American Mining Corporation (AIW).

Discussion of this company continues in the AIW thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=19639

This thread has now been closed.