Australian (ASX) Stock Market Forum

MRU - Mantra Resources

Jump to new
SevenFX said:
Don't know about no interests, it's there, just at what price $$$$...????

I wish I had some, as a quick small (25%+) profit is much better that no profit... :eek:

How did you f... Up..... I wouldn't of thought you wouldn't loose here... buying in at IPO
Click to expand...

look at the volume, thats what i mean by no interest

bro i didnt f**k up, but the PR of this company did - big time

yeh YT fair point; any profit is better than no profit
 
up 10% and a few uyers building, sold stock at 30c :( but still have 10,000 free opies :D

Who else sold from IPO and who's still holding?
 
Sold at 27c and still hold 5000 options.Bit dissapointed with the initial management of the float and feel it should of been handled better and may have produced a better result in the first few days but will still hold onto the options.Thanks YT for the heads up on this one :)
 
YOUNG_TRADER said:
Up a lazy 17% buyers still coming on and sellers are nowhere to be seen
Click to expand...

Drinks on you YT. I sold PMH where I bought it and it's done up 20% :(
 
Guys see not even I can get it right all the time,


I knew MRU would get to 60c easily I knew it, I knew it, I knew it.

Why, well because after GBE ran it was the last African U Explorer with a tiny Mkt Cap and on top of the an Insto named AGP was buying everyday, just chasing up the SP,


I was going to buy 100k opies @ 20c 2 weeks back and didn't, opies are 40c now


It will probably continue to run and probably breach $1

And whats my stake? 5,000 measley free opies I still hold from the float


A lesson to all, he who hesitates is lost :banghead:
 
YOUNG_TRADER said:
Guys see not even I can get it right all the time,


I knew MRU would get to 60c easily I knew it, I knew it, I knew it.

Why, well because after GBE ran it was the last African U Explorer with a tiny Mkt Cap and on top of the an Insto named AGP was buying everyday, just chasing up the SP,


I was going to buy 100k opies @ 20c 2 weeks back and didn't, opies are 40c now


It will probably continue to run and probably breach $1

And whats my stake? 5,000 measley free opies I still hold from the float


A lesson to all, he who hesitates is lost :banghead:
Click to expand...


U are probably right about where MRU is going and that is probably up a lot further.
 
Stinger said:
Im still holding. Will think about selling should the price hit 40 cents
Click to expand...

Well price is now 50-60 cent range. Why is it so? IMHO OMC spun out its premier exploration play at Mkuju River which contains the Nyota Prospect which is a 25 square kilometer area covered in U anomalies (14). It carries "widespread and significant sandstone hosted U mineralization" with visible U throughout this prospect. One trench gave readings of 10 pounds per tonne over 1.9m. Sampling in the area had a high of 3.21% U (71 pounds per tonne). This area is contained within a 120 sq km area that is also very prospective AND that is within a tenement package of 3,353 sq kms.

WMT is a next door neigbor and it is valued at $36.5 million on a lesser interest of 65% (MRU is 85%) on a much much smaller target zone of about 4 kms x about 1 km with similar high U sample values on a much smaller lease area. IMHO MRU may continue to run.
 
JP Morgan has been buying 650k@70c since 22 Dec

This is the second Insto to be buying up, previously it was an Insto named AGP buying everyday around 50c

MRU is going higher, the Insto's love it and they're willing to pay up for it
 
YOUNG_TRADER said:
JP Morgan has been buying 650k@70c since 22 Dec

This is the second Insto to be buying up, previously it was an Insto named AGP buying everyday around 50c

MRU is going higher, the Insto's love it and they're willing to pay up for it
Click to expand...

YT bro please dont remind me about this one :banghead:
 
Appears to be ready to breakout out from 74c All time high resistance,

Its poped its head up to 75c on low volume, will need a few more days and alot more volume, but if its confirmed 74c will then become support to move onward and upward
 
YOUNG_TRADER said:
Appears to be ready to breakout out from 74c All time high resistance,

Its poped its head up to 75c on low volume, will need a few more days and alot more volume, but if its confirmed 74c will then become support to move onward and upward
Click to expand...

Hi Y_T, Taken your word on this and bought some stock, and it seemed to move up a touch further soon after. I think you know, I take chances, and if it all goes pear shaped, so what. Seems it may be worth a punt - good luck
 
YOUNG_TRADER said:
Appears to be ready to breakout out from 74c All time high resistance,

Its poped its head up to 75c on low volume, will need a few more days and alot more volume, but if its confirmed 74c will then become support to move onward and upward
Click to expand...


CONFIRMED!

Look at depth 28k at 86c selling thats it! :eek:
 
YOUNG_TRADER said:
CONFIRMED!

Look at depth 28k at 86c selling thats it! :eek:
Click to expand...

JP Morgan were the culprits, buying more on market at 76c+

Looks like the just want a position no matter what price, you'd think they'd slowly accumulate,

Insto's have driven this from 20c to 85c+ with their accumulation
 
Having now well and truly broken out from 74c, this will provide support,

It appears that 90c will act as the new SHORT TERM resistance

So expcet to see 74c - 90c channel

Once 90c broken and confirmed will form support before moving higher,

I don't get why the Insto's love MRU so much, do they know something I don't?

Anyway will be interesting to see if JP Morgan have still been buying at these levels ie 85c-90c, if so :eek:
 
Yt somebody likes them,ann out today says that they have raised a further $7.28 M at 80c a share to institutional investors based in London(bloody Poms!)-sound like a vote of confidence and also hopefully a levelof support.They have also entered into an agreement to purchase a 90% interest in a Tanzanian project.All subject to shareholder approval
 

Similar threads

YOUNG_TRADER
POL - Polaris Metals
4 5 6
Replies
116
Views
22K
pattyp
P
Top