Australian (ASX) Stock Market Forum

MRU - Mantra Resources

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




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 :D

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

Omg so many stocks you mentioned have done well today alone!

Thanks

MS

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


Only 2 of my 6 applications have been given :mad:

Still 2's better than 1 :) and its certainly better than none :D

Omg so many stocks you mentioned have done well!

Thanks

MS

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Hey thanks Michael, pitty I don't hold them all for maximum returns

With hindsight I'd be a multi gagilionaire!!!!!!

but $35k better than nothing here, especially considering I had no idea I still held any of these lol
 
Looks like Young Trader lucked in big with MRU way back then. Nowadays they have progressed toward mining with pre-feasibility followed next by a definitive feasibility all the while having increase resource size.
$78 million in bank with 127 million shares. Anyway it was the island reversal that caught my attention as the chart shows. Not perfect technically because of the dissimilar gaps but it will do me for an island reversal. Announcements hrmmmff.
 

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Defying the market trend down and hitting $5.39 today. Very strange. Nevertheless on this occasion a reversal did follow through and possibly because of resource size increasing.
 

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:)

Hi folks,

MRU ..... volume has increased over the past 6 weeks and
other technical indicators look stong, as well.

Looking for a positive spotlight to focus on MRU and some
possible news, early this week ... :)

have a great week ahead

paul

:)

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