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MRU - Mantra Resources

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YOUNG_TRADER said:
It got filled

Somethings up, no way that was just a random buy and sell, pre-organized IMO, some change in substantial shareholding notices soon me thinks!
Click to expand...

Tend to agree.
No way in hell someone just decided to dump that exact amount.
No way.
 
YOUNG_TRADER said:
It got filled

Somethings up, no way that was just a random buy and sell, pre-organized IMO, some change in substantial shareholding notices soon me thinks!
Click to expand...

Insto buying and selling going on,
Anglo Pacific bought 1.7m and then sold 700k the other day, net is that they have still bought another 1m more,

I wonder which of the other 3 Insto's bought Anglos 700k? Another change notice soon me thinks



Insto Registry so far
Anglo Pacific Group 6.8m = 15.74%
JPMorgan Chase 4.06m = 12%
RAB ENERGY FUND 3.53m = 8.2%
FirstRand Ireland 2.55m = 7.756%[/QUOTE]
 
This is the weirdest stock on the mkt. Has the whos who of british institutions yet not a single exploration result. No idea when drilling and no significant anomalies. Very grassroots(mud,dirt).

Market cap now: $63m fully diluted. Needs a 2000t deposit to justify this mkt cap, esp in a bearish mkt which is starting to get critical of companies now.
 

I agree, makes you think doesn't it, what the hell has MRU got that has attracted so much attention? ? ?
 
Young T it may be worth a look though. I am willing to bet it may be acquiring other tenements may be in different countries in africa. May be thats why all those funds got a look in. They do 'hint' at that. one for the watchlist. If it soaks up a deposit anywhere in Africa, it will be worth quite a bit. Risk: of no news. Rewards: mkt cap $60m so it could do a bmn/erongo.

Funnily enough no other uranium company has the who's who of funds/specialist uranium funds. They have all laid low elsewhere.
 
Hey Halba,

I don't know, maybe and this is a big maybe they're looking at an old deposit, ie a previously discovered non jorc deposit in Africa,

I doubt that prospective grounds alone are enough to attract so much attention, I mean why MRU? why not say ERN or GBE both have similar mkt caps but drilled grounds etc,

I am confused but am backing the smart Insto money here
 
Actually GBE is pretty speculative also. Most of its grounds are trenching but not to the point of drill results. Their last anns(GBE's) were confusing in that they presented trench results similar to drill results. Be careful as trench is only across the land, it doesn't give idea of intersection width/thickness. I think only ERN is the only one where we actually know what they have which is acceptable. Maybe MRU will find an old abandoned historical deposit. Africa is the place to be to find those.
 
Notice AGP has cut its shareholding, and dumped some shares recently on the market at $1.10(shares received from placement at 80). They are locking in profits. I guess MRU was overcooked at $1+(mkt cap too high for nothing).
 
Halba said:
Notice AGP has cut its shareholding, and dumped some shares recently on the market at $1.10(shares received from placement at 80). They are locking in profits. I guess MRU was overcooked at $1+(mkt cap too high for nothing).
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Wrong Halba,

Have a look at my post below, AGP bought 1.7m and then sold 700k, so they were still A NET BUYER OF ANOTHER 1m SHARES!!!!

YOUNG_TRADER said:
Insto buying and selling going on,
Anglo Pacific bought 1.7m and then sold 700k the other day, net is that they have still bought another 1m more,

I wonder which of the other 3 Insto's bought Anglos 700k? Another change notice soon me thinks
Click to expand...
 
Stupid question but is this in a trading halt-just announced U JVs in Malawi but the sp is unmoved.Unfortunate timing but this would have caused a bit of a stir a short time ago but not even a comment or movement in SP
 
This has held up remarkably well considering all the recent market turmoil and also the current decline in U price and the general indiscriminate negativity towards all U stock.Has seen some reasonable gains in the last couple of days.Had some interesting announcements that came at the wrong time.Recent ann saw an institution increasing their holding.Volume pretty reasonable today.Might be something happening,anyone else following
 
Interesting. Hadn't been following MRU for a while. Checked it against last night's Neilson SMA and it came up looking good with buying pressure very positive. It tends to jump around the place though so don't treat the signal as inspired gospel. OTOH, its worth pointing out that there are only 6 sellers in the queue.
 

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Moses would be interested to see what your analyser is saying about MRU,up around 20% or so but what about that spreadCant help thinking there is news on the way
 
Alan,

Friday evening's SMA attached. Crudely it shows that the spec buying pressure (blue line) has increased, which is great for short term SP rises but obviously more risky. However, the black line "smart" pressure is still buying so the most likely direction for this stock is up.
 

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Looks like your analyser was doing its job Moses,announcement out today including the following,heads up 6c and options up 12.5c
Assay results returned from a limited reverse circulation (“RC”) drilling program conducted at the Nyota Prospect, located in the north-west of the Mkuju River Project area, have confirmed the presence of multiple stacked mineralised horizons and include the following significant intersections:
MNIR-1:
13m @ 740 ppm U3O8 from 10m
(incl. 7m @ 1,229 ppm U3O8 from 12m)
MNAR-1:
10m @ 781 ppm U3O8 from 39m
(incl. 7m @ 1,014 ppm U3O8 from 39m)
MNAR-2:
17m @ 354 ppm U3O8 from surface
(incl. 2m @ 955 ppm U3O8 from 5m)
(and 3m @ 600 ppm U3O8 from 12m)
8m @ 491 ppm U3O8 from 21m
(incl. 2m @ 1,085 ppm U3O8 from 21m)
 
wow break out to all time high!

No sellers left

However I am very dissapointed in the upcoming merger, why?

Becasue MRU and MAV are both OMC spin offs

Why spin them off seperatley, then merge them?

Sounds like the deal makers are just board
 
yes but look at how badly mru needs liquidity... no sellers! i like this stock a lot but have not bought in because of this!
 
Amazing, simply amazing,


The stock has gone from a 20c IPO (with 1 for 2 free opies) to a $2 + stock

Its easily a 15 Bagger+ (with opies included) over 12months

CRAZY!!!!!!!!!!!!!
 
It was pretty obvious ages ago they were onto something great looking at the excellent trenching results but so thinly traded...

Its a bit weird how the trading of $200k in one day has taken the value of the company from 62M to 76M..
 
Mkts correcting???? Correction what correction

Check out the chart on MRU

Its gone from 20c to $3.50 today WTF!!!!!!!!!!!

I have made an aboslute fortune on these in % terms like 1000%, would be like 10000% if I held my entire original position ARGHHHHHHHHHHHHHHHHHHHHHH

Words cannot express

I got 2x $2k allocations in the IPO = 20k shares + 10k options

YOUNG_TRADER said:
I got shafted up the end where the sun don't shine!!!!!!!!!!!!


Only 2 of my 6 applications have been given

Still 2's better than 1 and its certainly better than none
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I sold my shares on listing for $6k and had 10k free options which I converted and so was holding 10k shares which were free because of the profits from the intial sahres

I forgot about these until today when my broker just called me and said hey what are you doing with these 10k MRU

I said sell sell sell, made $35k profit

If I held my original position in these it would be a $100k ie 20k shares at $3.50 = $75k + 10k opies at say $3.30 = $33k = $108k minus $4k IPO application = $104k profit form a $4k investment!!!!!!!!!!

cest la vi
 
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