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MRU - Mantra Resources

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Maybe they're all leemings and just buy cos other brokers are buying, thinking that the other broker knows something they don't. When they all realise they've been had they'll bottleneck the exit. :) Hello South Africa.

There's quite a few other miners in this Karoo, Sth Tanzania, Mozambique area, not just MRU. Hell, there's even PEN.
 
Atomic5 said:
Maybe they're all leemings and just buy cos other brokers are buying, thinking that the other broker knows something they don't. When they all realise they've been had they'll bottleneck the exit. :) Hello South Africa.

There's quite a few other miners in this Karoo, Sth Tanzania, Mozambique area, not just MRU. Hell, there's even PEN.
Click to expand...

Your probably right Atomic, I mean JP Morgan are probably "lemmings" :rolleyes:

I didn't say MRU was the only player in this area, if you read my posts they are concerning the fact that MRU is being backed by 3 Insto's (not brokers by the way but Intstitutional Investors, funds etc)

mmmmmining I actually reckon its better to have more Insto's on board, shows that multiple Sophisticated parties are confident in the company not just 1, also means that there are far less tradeable shares available for sale as they are being bought/soaked up buy the Insto buying.


It will be interesting to see what has got the attention of these Insto's, I see nothing other than "dirt" as Halba says and the dirt doesn't even look that great, ie not like BMN in its early days near Rossing and Langer, maybe there's a potential project/acquisition undegoing due dilligence?

Time will tell
 
YOUNG_TRADER said:
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%
Click to expand...

Well another Insto (or lemming" according to some :rolleyes: ) has joined the party, RAB Energy Fund, have bought 3.53m over the last 2 months

Now the Insto support looks like this, ALMOST 50% HELD BY THESE 4 INSTO's! :eek:


Insto Registry so far
Anglo Pacific Group 5.8m = 18.13%
JPMorgan Chase 4.06m = 12%
RAB ENERGY FUND 3.53m = 8.2%
FirstRand Ireland 2.55m = 7.756%
 
Little bit of life,

Really needs to clear $1 so it can continue its uptrend

I think news will be required though to do this,

Overall it seems a low risk play given the fact that there are now 4 Insto's some of which are happy to buy between 80c - 90c
 
YOUNG_TRADER said:
It will be interesting to see what has got the attention of these Insto's, I see nothing other than "dirt" as Halba says and the dirt doesn't even look that great, ie not like BMN in its early days near Rossing and Langer, maybe there's a potential project/acquisition undegoing due dilligence?

Time will tell
Click to expand...

Or maybe the institutions are backing management to do a backflip and offer MRU to Denison for a small profit ... just like they did with one other uranium exploration company in Africa ;)

Maybe management really know how to make some money for themselves. Spinoff one companies assets... then sell them both separately for more than they could have got if all the assets were tied up in the original company :rolleyes:
 
Well it took its time but MRU has finally broken out above $1,

Theres about 100k on the bid at or above $1

All up there 435k buying from 86c up vs 12k all up on the sell side

This is what happens when long term holders like Insto's buy up, they take stock off the mkt and thus there's much less available for trading.

Enjoy!
 
YOUNG_TRADER said:
Well it took its time but MRU has finally broken out above $1,

Theres about 100k on the bid at or above $1

All up there 435k buying from 86c up vs 12k all up on the sell side

This is what happens when long term holders like Insto's buy up, they take stock off the mkt and thus there's much less available for trading.

Enjoy!
Click to expand...

Looks the goods, i hope you still holding those free oppies YT :D
 
nizar said:
Looks the goods, i hope you still holding those free oppies YT :D
Click to expand...

Sure am Niz ;)

MRU has now established support at $1, it will be interesting when those Insto orders of about 300k below $1, ie 200k @ 87c, 33k at 90c 50k at 92c all move up above the new support level,

I'd say expect a change in substantial holding notice soon, 1 on the 4 Insto's on the registry had to have been buying of late
 
MRU can win a prize for share appreciation over 400% without single news on exploration.

Something must be happening soon.
 
YOUNG_TRADER said:
Sure am Niz ;)

MRU has now established support at $1, it will be interesting when those Insto orders of about 300k below $1, ie 200k @ 87c, 33k at 90c 50k at 92c all move up above the new support level,

I'd say expect a change in substantial holding notice soon, 1 on the 4 Insto's on the registry had to have been buying of late
Click to expand...

A few of those large orders have moved up above the new $1 support level, however about 400k is still below $1 so when they move up in order to get filled we will see more 'chasing up of the price' at $1.15 now, (I KNOW I KNOW NO NEWS, NO DRILLING BLAH BLAH, but I've put faith that these Insto's know something the mkt doesn't so I'll wait to see)
 
YOUNG_TRADER said:
A few of those large orders have moved up above the new $1 support level, however about 400k is still below $1 so when they move up in order to get filled we will see more 'chasing up of the price' at $1.15 now, (I KNOW I KNOW NO NEWS, NO DRILLING BLAH BLAH, but I've put faith that these Insto's know something the mkt doesn't so I'll wait to see)
Click to expand...

Anyone looked at MRU buy vs Sell depth lately

Theres 1.25M+ on the buy vs 34k on the sell

Buys outnumber sells by 36 to 1 :eek:

Of the buy volume almost 1M is at or above $1 :eek:

Something is brewing and has been for some time :confused:
 
I hold some mruo. I find mruo closed at 0.87 whereas mru closed at 1.2 today. Does anyone know how to change mruo to mru?
Thanks
 
ta2693 said:
I hold some mruo. I find mruo closed at 0.87 whereas mru closed at 1.2 today. Does anyone know how to change mruo to mru?
Thanks
Click to expand...

Hey ta2693,

U need to contact the revelant share registry of MRU, and ask for the option exercise form. The process is not quick, so u may experience slippage beyond the 13c buffer.

cheers
 

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