MRU - Mantra Resources
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Hey Halba,
No drill results, no exploration, nothing just prospective grounds,
But I have never seen Insto support/buying like this before, pobably $25m+ In Insto dollars spent on accumlating shares + taking placement at 80c, they know something we don't
Insot's aren't dumb there is no way they would be chasing this so crazily unless it has serious potential,
Nice work Benwex, buying at 80c was low risk IMO as a huge placement and lots of Insto buying happened there, I bought more opies at 65c
Time will tell why the Insto's are so crazy about this stock
No drill results, no exploration, nothing just prospective grounds,
But I have never seen Insto support/buying like this before, pobably $25m+ In Insto dollars spent on accumlating shares + taking placement at 80c, they know something we don't
Insot's aren't dumb there is no way they would be chasing this so crazily unless it has serious potential,
Nice work Benwex, buying at 80c was low risk IMO as a huge placement and lots of Insto buying happened there, I bought more opies at 65c
Time will tell why the Insto's are so crazy about this stock
Sean K
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I hope you're right on this one YT. Wasn't long ago we were discussing instos taking up the BDG placement at 80 cents.....YOUNG_TRADER said:
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kennas said:I hope you're right on this one YT. Wasn't long ago we were discussing instos taking up the BDG placement at 80 cents.....
LOL like comparing Chalk and Cheese, but point taken
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Just thought I'd try and work out where the value is in this one, I doubt its in the Qtrly info but I've extracted the interesting parts, not too much so again I suspect there's something the Insto's know that we don't
• Advanced planning for the exploration work program at the Mkuju River Project, which is scheduled to commence in February 2007;
• Continued to aggressively pursue other resource opportunities in Africa.
Having established an “in-country” technical and operational capacity in Tanzania during the December quarter, Mantra’s focus for the March 2007 quarter is on commencing exploration activities at the Mkuju River Project which is hosted in the highly prospective Karoo sandstones of southern Tanzania. The Board will continue to identify and review other opportunities in Africa including potential acquisitions, joint ventures, or investments in the resources sector, which can enhance Shareholder value.
The key activities planned for the March 2007 quarter include:• Commencing ground follow-up of existing airborne radiometric anomalies at the Mkuju River Project;
• Finalising preparations for a drilling program at the Nyota Prospect planned to commence during the June 2007 quarter;
• Finalising preparations for a detailed airborne radiometric and magnetic survey over the entire Mkuju River Project area, scheduled to commence in April 2007;
• Continued review of other resource opportunities in Africa.
OPERATIONS
Bahi North Project
(PLR 3251/2005 – Mantra 100%)
Uranium accumulation within the Bahi catchment system has been recognised since 1953 when an intersection of 0.15 metres @ 2,400ppm (0.24%) U3O8 was recorded in a salt exploration program drill hole near the centre of the Bahi Swamp. The German uranium exploration and mining company Uranerzbergbau GmbH (“UEB”) identified a number of radiometric anomalies in the Bahi catchment area from an interpretation of airborne geophysical data and followed-up select anomalies with ground surveys and trenching during the late 1970’s (Figure 2).
Mantra’s exploration targets at the Bahi North Project are calcrete-hosted mineralisation in the surficial environment and sandstone-hosted deposits within buried fluvial channel systems.
Exploration work commenced at the Bahi North Project in December 2006. Mantra’s exploration team, supported by a geophysical consultant, mobilised to the Dodoma region in early December to undertake a brief field campaign prior to Christmas.
The work program will recommence in the June 2007 quarter. Compilation and interpretation of the newly acquired data will subsequently be undertaken as a prelude to drill target definition.
Mkuju River Project
(PL 2995/2005, PLR 2996/2005 – Mantra 100%; PLR 3793/2005 – Mantra earning 51% then 85%)
The Mkuju River Project is located in southern Tanzania, some 470 kilometres southwest of Dar es Salaam. It comprises three contiguous tenements covering an area of over 3,350 square kilometres (Figure 3).
The area was identified as prospective for uranium during reconnaissance exploration undertaken between 1978 and 1982 by UEB. Work completed on the Mkuju River Project during this period included geological mapping, ground radiometrics, trenching and sampling. Secondary uranium mineralisation was identified in trench and rock chip sampling over a large area, with some values exceeding 1% U3O8.
A reconnaissance visit to the region and project area is currently being undertaken by Mantra’s exploration team to assess the access conditions to the immediate areas of interest (Nyota Prospect, NW Trending Anomalies and the high priority airborne radiometric anomaly in the south-western corner of the project area) and to finalise preparations for the initial field campaign. Meetings with government officials at a Regional, District and Ward level have also been conducted. Weather permitting, exploration activities will commence in February 2007.
• Advanced planning for the exploration work program at the Mkuju River Project, which is scheduled to commence in February 2007;
• Continued to aggressively pursue other resource opportunities in Africa.
Having established an “in-country” technical and operational capacity in Tanzania during the December quarter, Mantra’s focus for the March 2007 quarter is on commencing exploration activities at the Mkuju River Project which is hosted in the highly prospective Karoo sandstones of southern Tanzania. The Board will continue to identify and review other opportunities in Africa including potential acquisitions, joint ventures, or investments in the resources sector, which can enhance Shareholder value.
The key activities planned for the March 2007 quarter include:• Commencing ground follow-up of existing airborne radiometric anomalies at the Mkuju River Project;
• Finalising preparations for a drilling program at the Nyota Prospect planned to commence during the June 2007 quarter;
• Finalising preparations for a detailed airborne radiometric and magnetic survey over the entire Mkuju River Project area, scheduled to commence in April 2007;
• Continued review of other resource opportunities in Africa.
OPERATIONS
Bahi North Project
(PLR 3251/2005 – Mantra 100%)
Uranium accumulation within the Bahi catchment system has been recognised since 1953 when an intersection of 0.15 metres @ 2,400ppm (0.24%) U3O8 was recorded in a salt exploration program drill hole near the centre of the Bahi Swamp. The German uranium exploration and mining company Uranerzbergbau GmbH (“UEB”) identified a number of radiometric anomalies in the Bahi catchment area from an interpretation of airborne geophysical data and followed-up select anomalies with ground surveys and trenching during the late 1970’s (Figure 2).
Mantra’s exploration targets at the Bahi North Project are calcrete-hosted mineralisation in the surficial environment and sandstone-hosted deposits within buried fluvial channel systems.
Exploration work commenced at the Bahi North Project in December 2006. Mantra’s exploration team, supported by a geophysical consultant, mobilised to the Dodoma region in early December to undertake a brief field campaign prior to Christmas.
The work program will recommence in the June 2007 quarter. Compilation and interpretation of the newly acquired data will subsequently be undertaken as a prelude to drill target definition.
Mkuju River Project
(PL 2995/2005, PLR 2996/2005 – Mantra 100%; PLR 3793/2005 – Mantra earning 51% then 85%)
The Mkuju River Project is located in southern Tanzania, some 470 kilometres southwest of Dar es Salaam. It comprises three contiguous tenements covering an area of over 3,350 square kilometres (Figure 3).
The area was identified as prospective for uranium during reconnaissance exploration undertaken between 1978 and 1982 by UEB. Work completed on the Mkuju River Project during this period included geological mapping, ground radiometrics, trenching and sampling. Secondary uranium mineralisation was identified in trench and rock chip sampling over a large area, with some values exceeding 1% U3O8.
A reconnaissance visit to the region and project area is currently being undertaken by Mantra’s exploration team to assess the access conditions to the immediate areas of interest (Nyota Prospect, NW Trending Anomalies and the high priority airborne radiometric anomaly in the south-western corner of the project area) and to finalise preparations for the initial field campaign. Meetings with government officials at a Regional, District and Ward level have also been conducted. Weather permitting, exploration activities will commence in February 2007.
Sean K
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Not sure if we can Sam. Highly prospective grounds, but they need to kick a few more rocks I feel. Market obviously likes it. And those instos...YOUNG_TRADER said:
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Insto favourite Uranium Play Mantra has just acquired more U grounds in the higly prospective Tanzanian, Mozambique area, watch for a breakout above $1
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Really Halba?
The Insto's didn't when they stumped up $15m at 80c
And some Insto's have continued to buy at these levels,
I did myself a favour and realised these Insto's know something we don't
Also dirt has helped MRU go from 20c IPO to almost $1 and taken my free opies up to 80c
The Insto's didn't when they stumped up $15m at 80c
And some Insto's have continued to buy at these levels,
I did myself a favour and realised these Insto's know something we don't
Also dirt has helped MRU go from 20c IPO to almost $1 and taken my free opies up to 80c
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Well it looks like the London/Euro based Insto FirstRand Ireland have used this weakness to buy more, buying about 570k taking their Net position to 6.795%, hmmm how much more do these Insto's want?
Insto Registry so far
Anglo Pacific Group 5.8m = 18.13%
JPMorgan Chase 2.0m = 6%
FirstRand Ireland 2.27m = 6.795%
With a large placement @80c and constant Insto Buying, I'd say 80c is a floor for MRU unless the Stock Markets crash
Insto Registry so far
Anglo Pacific Group 5.8m = 18.13%
JPMorgan Chase 2.0m = 6%
FirstRand Ireland 2.27m = 6.795%
With a large placement @80c and constant Insto Buying, I'd say 80c is a floor for MRU unless the Stock Markets crash
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Halba said:
Sure they do
Lets wait 3 months and see
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YOUNG_TRADER said:
Well well well, FirstRand Ireland have used this weakness to buy even more, bought 275k @ avg 88c taking their Net position to 7.756%
They really really must like MRU
Insto Registry so far
Anglo Pacific Group 5.8m = 18.13%
JPMorgan Chase 2.0m = 6%
FirstRand Ireland 2.55m = 7.756%
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This is unbelieveable, JP Morgan were also buying, they bought another 2m over the last 2 months at an avg price of 80c
Talk about Insto vote of confidence!
Insto Registry so far
Anglo Pacific Group 5.8m = 18.13%
JPMorgan Chase 4.06m = 12%
FirstRand Ireland 2.55m = 7.756%
Talk about Insto vote of confidence!
Insto Registry so far
Anglo Pacific Group 5.8m = 18.13%
JPMorgan Chase 4.06m = 12%
FirstRand Ireland 2.55m = 7.756%
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Halba, never said it was anything more than dirt, but surely you must be a wee bit curious as to why these Insto's are continually buying?
Surely after so much Insto buying you think more than just "its just dirt"
I'm sure a few others would also be curious why there is so much Insto interest in MRU
So yes its only got dirt, but its also got very strong Insto backing and I can't understand why,
Any thoughts?
Surely after so much Insto buying you think more than just "its just dirt"
I'm sure a few others would also be curious why there is so much Insto interest in MRU
So yes its only got dirt, but its also got very strong Insto backing and I can't understand why,
Any thoughts?
Halba,
As investors we make money when the share price goes up.
Does matter if its because they found JORC of 10billion lb or whether they find jack all.
Dont waste your time trying to find reasons behind the movement.
Its stressful and probably not profitable, unless you want a job as an "analyst"
Rather, Just trade it, and make money.
Dont complicate it.
As investors we make money when the share price goes up.
Does matter if its because they found JORC of 10billion lb or whether they find jack all.
Dont waste your time trying to find reasons behind the movement.
Its stressful and probably not profitable, unless you want a job as an "analyst"
Rather, Just trade it, and make money.
Dont complicate it.
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Having insto on board might be a good thing, but having two many, it could be bad. When it getting crowed, somebody want out;YOUNG_TRADER said:
It is very profitable when institute start to buy the share, but Insto's action is not a reliable one after it has massed up enough stocks, and not buying anymore.
The uranium stocks SP is controlled by supply and demand of shares.
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Nizar,nizar said:Halba,
As investors we make money when the share price goes up.
Does matter if its because they found JORC of 10billion lb or whether they find jack all.
Dont waste your time trying to find reasons behind the movement.
Its stressful and probably not profitable, unless you want a job as an "analyst"
Rather, Just trade it, and make money.
Dont complicate it.
I cannot predict share price, but I can predict that Halba will love everything he hated in the past.
