Australian (ASX) Stock Market Forum

MRU - Mantra Resources

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I think listing will be tuesday or wednesday next week and if as heavily over subscribed as you mentioned it should list with a nice premium.

fingers crossed!
 
Interested to see what other people will be doing with their allocation of Mantra shares.I applied for 4Xminimum in mmy own name and also wife and kids and looks like i got lucky and got all 4 lots.Will probably sell 3 lots and keep one-hopefully paid for by the others so get it for "free".Have never had options before so can i trade these as normal.Post your strategies
 
alankew said:
Have never had options before so can i trade these as normal.Post your strategies
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alankew - The options should appear in your account as MRUO. You can buy/sell through a normal broker. MRUO is the share code. Buy/sell/see depth just like a normal share.
I cant tell u what the best play would be, but as 20c options they should always trade, in theory, to a 20c discount to the FPOs. If they are trading at say a 10c discount or <<20c, then it would be an indication for me to sell. If they are trading at, say, a 30c discount to the FPOs, then buy the options, convert, and sell the shares. Too easy :D

But having said that it was interesting to see WTN close first day at 21c but the oppies WTNO at 7,5c
 
Anyone got any more info on this yet.I still havent received notification of my allocation although it has been confirmed by phone but would still like some info and to see a letter that says it starts trading this day and this is how many shares you have.What other uranium flots are coming up and any other interesting IPOs
 
alankew said:
Anyone got any more info on this yet.I still havent received notification of my allocation although it has been confirmed by phone but would still like some info and to see a letter that says it starts trading this day and this is how many shares you have.What other uranium flots are coming up and any other interesting IPOs
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Hi Alankew
If you have allocated Mantra share, it should appear on your trading account by now, code MRU / MRUO.
 
Just spoke to the company,

Listing will be this Friday if not Monday,


ASX are at fault, apparantly with the roll out of their new system and public holiday on Monday they have been stuffing companies around, so if your annoyed ring ASX and vent!
 
YOUNG_TRADER said:
Just spoke to the company,

Listing will be this Friday if not Monday,


ASX are at fault, apparantly with the roll out of their new system and public holiday on Monday they have been stuffing companies around, so if your annoyed ring ASX and vent!
Click to expand...

I rang them as well.
Blasted the guy for lack of info to investors.
He reckons its not current practice to tell investors of the delay if u havent got another listing date. He reckons this monday though. Im not holding my breath as last week they said this mon or tues.

I explained to the guy that many other uranium floats have informed investors if their offer has closed oversubscribed via the website, why didnt mantra?? :banghead:

And he apologised and said that it would have been a good idea. I then explained how obviously some good news like oversubscription can obviously add to the market sentiment of the company on the opening day.

Im very disappointed but anyway thats life... :mad:
 
Agreed, while its not their fault that listing has been delayed,

Lack of info is!

And a simple website which had more than just the prospectus on it would have been better, ie like Niz said stating offer closed fully oversubscribed, damn poor PR,
 
Spoke to someone at the company today and she said that the offer was 50 times oversubscribed-does this seem possible
 
alankew said:
Spoke to someone at the company today and she said that the offer was 50 times oversubscribed-does this seem possible
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doesnt matter 5x or 50x the point is, its a great shame that nobody knows about this.

how could this (great) news add to the market sentiment at the open if no1 knows it??
ie. that it was oversubscribed

i wanna find out which clowns are running this..... :mad:
 
Totally confused now.I have rung computershare 4 separate times and been told that i have received 4 allotments in mine and my wife and kids names only for the postie to arrive with 3 refunds and 1 allotment!
 
If it was 50 or 5 times oversubscribed then there will be a lot of people wanting to buy on market on opening which should see the price rise nicely due to the large demand.

I can't see why you get so worried that they havent put an ad in every newspaper in Australia boasting that they were oversubscribed. The interested parties will be aware of this from the allotment statements and refund cheques we received in the mail yesterday.

But if you are that worried i will be glad to take your allotted shares from you today at 20 cps.
 
Stinger i amnot worried but confused first by their lack of communications and mainly by the fact that i have phoned the registars at least 4 times and been told that all four of my families applications were successful only to find that only 1 application was successful.It is this sort of lack of communication that can spoil a float.I have a query with regards the options-are they subject to a qualifying period or are they mine now.(all except Stinger to answer ;) !!!!)
 
Alankew your query with your allotment in my opinion has nothing to do with the management of Mantra, that has to do with Computershare.
 
alankew said:
.I have a query with regards the options-are they subject to a qualifying period or are they mine now.(all except Stinger to answer ;) !!!!)
Click to expand...

I could, however i know when i am not wanted! :p:
 

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