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NRZ - NeuRizer Ltd

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Re: MTN - Marathon Resources

thanks for the clarification.


 
Re: MTN - Marathon Resources

Butterballs should just raise their bid, they are wasting everyone's time and money with this pissant offer.

Just offer $2 a share and we'll all be happy.

I read somewhere there is no evidence of anyone whatsoever taking this offer. Haha, that is riduculous, what on earth are they thinking, or are they pulling a sly one over us somehow?....
 
Re: MTN - Marathon Resources

Personally I feel that there has been a "very slow" accumulation between 75-85c. Once it broke the 80c resistance it should have ran and ran hard.

Nice ploy though make an offer of 68c and buy up everything on offer between 75-85c using a different alias.

You won't shake me out.

JORC resource - arguably the 4th largest in Australia.
 
Re: MTN - Marathon Resources

You think they will offer you $2 a share?

Crosby lost much money due to recent slump of natural gas price. I guess they've already lost US$100m. I think they will withdraw the offer very soon.
 
Re: MTN - Marathon Resources

newbie investor said:
Crosby lost much money due to recent slump of natural gas price. I guess they've already lost US$100m. I think they will withdraw the offer very soon.
Click to expand...

I have got a feeling this could hurt MTNs sp too.........We know it's worth more, but I've just got this feeling.......
 
Re: MTN - Marathon Resources

It wont hurt the stock price at all.

If no-one wants to sell at 68c, then obviously everyone thinks it worth more than that. The current SP is 76c. So you'd think it was currently undervalued.

If everyone was jumping to sell at 68c that would worry me!!

It is a waiting game, Labor party conference re: no new mines policy, MTN to move towards mining the stuff and selling it, USA float which MTN own 8% of, and another possible takeover from a bigger player. Who knows, but I am holding and waiting. :

We've had no bad news yet!!
 
Re: MTN - Marathon Resources

Realist said:
It wont hurt the stock price at all.
Click to expand...
You forget MM&E Capital?

They aren't LT investor. They only want to earn from "takeover arbitrage". If Crosby withdraw its offer, you can imagine what they will do.
 
Re: MTN - Marathon Resources

newbie investor said:
You forget MM&E Capital?

They aren't LT investor. They only want to earn from "takeover arbitrage". If Crosby withdraw its offer, you can imagine what they will do.
Click to expand...

I'm not interested in temporary price changes.

I'm interested in the fact that MTN has potentially the 4th largest Uranium source in the world and it is very cheaply priced, a market cap of $29M.
It is a waiting game...


And thanks to MTN I should have got USA IPO shares and may make money on that enoguht o cover my iniital purchase of MTN I hope.

MTN is a hold and wait!!
 
Re: MTN - Marathon Resources

That does sound better "4th largest Uranium source in the world' but I am not to sure how accurate that statements is.

Australia, yes and arguably the world??????

 
Re: MTN - Marathon Resources

radio-active man said:
That does sound better "4th largest Uranium source in the world' but I am not to sure how accurate that statements is.

Australia, yes and arguably the world??????
Click to expand...


Would you believe the 4th largest in the known Universe?
 
Re: MTN - Marathon Resources

Takeover bid seems to be over.

Crosby finally changed its target to Orchard Petroleum. It's interesting that the offer price is A$0.68 again. I think they really like this figure.
 
Re: MTN - Marathon Resources

its also interesting to see that the last traded price was 0.74 cents. i thought most takeovers were supposed to be above the sp otherwise ppl have no incentive to sell.

crosby's sounds like its a very poorly run outfit. no-one will ever take them seriously with the offers they put on the table.
 
Re: MTN - Marathon Resources

They made the takeover bid when MTN was 48c. But that was May during the big dip, MTN was trading over $1.10 a few months before.

They were trying their luck and it cost them money for no gain, it just made them look silly.

At $1 people would have seriously considered it, at $1.50 I think it may have happened.
 
Re: MTN - Marathon Resources

The Hong Kong investment bank yesterday said it had approached the board of Melbourne's Orchard Petroleum with a $147 million cash takeover offer.
Meanwhile, it is still battling for control of South Australian uranium explorer Marathon Resources after losing its $180 million bid for Tethyan Copper to Chilean copper miner Antofagasta earlier this year.


Notice how all of there bids are $150m or $150m+

a $150m bid for MTN = $3 per share,

Given the time and expense in putting together a T/O it is highly unlikely that Crosby will walk away without even uping the bid to $1 minimum,

Also Crosby is based in Hong Kong, China is just a few hrs away, since its no secret that Sino Steel approached MTN and PNN regarding JV's and got told by MTN to take a hike, I wonder who Crosby is doing the bid for, also like I have said the Uranium SA float exposed MTN to the Chinese Nuclear Corp,
 
Re: MTN - Marathon Resources

What does the 6 month forecast look like for MTN? There's been take over offers so perhaps there are more in future. There are upcoming reports. The Labor state of SA are very keen on mining uranium... Any thoughts... looks like an awesome investment from here... But can someone share a bit of their own research whilst I sift through their reports?
 
Re: MTN - Marathon Resources



I can see MTN's price could be as low as $0.4, or as high as $4 in 6-month time depends on how the story is developed.

Let's image Cosby put all its money into Orchard, and say withdrawn the offer to MTN, I reckon all weak hands will sell down, and push down the price toward $0.4, and rebounce to $0.8 within a couple of days.

Let's image that a Chinese comany will purchase 60% of MT Gee and surrending area for $120m (use PNN as reference), $4 MTN will look cheap.

I believe a couple of bad Pierpont reports (Aug and Dec 2005) is still haunting this stock even it is cleared by independant mining consulant company.

I believe the biggest problem with this company is the communication. They did not address shareholder's concern in an effective way, either too academic, or with backward and inward view.

The $0.5/lb referred JORC resources is extremely cheap by any standard. The management should explain this to shareholder in great detailed plan instead of asking us just simply reject to Cosby's offer.

The only negative things I can put together are:
1. Bad Pierpont Reports;
2. Lack of new drilling in MT Gee area;
3. Lack of info on metallurgical test of MT Gee, accessibility, and environment isssue, and government policy.
4. Lack of clarification about MT Gee resources. I figured it out the currently 31,000 ton resources only for MT Gee area only. There are several other deposits such as Mt Painter, MT painter East, Radium Ridge, Armchair, Henckinson, etc not even included.
5. Lack of both technical and managment capacity to move the project forward quickly. PNN is doing well by recognize their shortcoming, and find a Chinese partner.

I believe and hope time will overcome all these concerns. (I have held a bit of MTN at higher purchase price while having seen many of my other Uranium stocks' price more than doubled). I am adding some position from time to time.

believe that Cosby's bid is not a serious one because they have not hold any MTN stocks before the offer. Cosby has the bad habbits to jump on stock that is deeply undervalued when a lot of weak hands fold.

As the matter of factor, the low ball offer is the negative to the MTN stock price. Just look at SMM, PDN, PNN, NEL, RPT, etc are all either recovered to near all time high from June low. Without Cosby's offer, I believe MTN will be over $1 at least.

We should express our concern to the Board. We can write to them, call them, and do want we can.
 
Re: MTN - Marathon Resources

i cant see this stock dropping to 40 cents. the crosby bid at 68 cents sets a floor for the stock, if it dropped to 60 cents i would expect to see a lot of buying at that level.

the main points are ppl are worried with MTN getting extra tennements and whether or not cleared to mine existing deposits. ie the mt gee sensitive area.
 
Re: MTN - Marathon Resources

MTN up to 81c now, people must be expecting USA to soar tomorrow - and as MTN owns nearly 10% of it MTN will follow!

MTN may hit 90c tomorrow because of the USA float.
 
Re: MTN - Marathon Resources

YOUNG_TRADER said:
Drilling to resume at Mt Gee in a few weeks
Click to expand...
Some interesting activities. Maybe finally it is the turn for MTN to go up.

Having spoken to John, the MD of MTN, I fell much better now. The company is currently keeping all options open to bring the Mt Gee project forward, such as DYI, and PNN style deal. I believe the coming shareholder meeting is a good opportunity for us to press the company to move quickly.

They are busy in upgrading the resource to measured and indicated category in coming months.

I confirmed with him that current resources estimate is only for Mt Gee area only. So the several other deposits around are not included, such as MT Paint, Armchair, etc. Potential resources upgrade.

Also there is no particular problems with environment, site access, water resources other than usual requirement, situation and procedures in relation to the future Mt Gee mining application. Currently they have road access to Mt Gee.

Gee, I wish the MD can do this through an interview with media. But as a shareholder, I have the duty to share it with follow MTN invertors.

I think that if everything is going according to company's plan, the MTN will worth $4 per share, using $5/lb which is the benchmark for the U stock with JORC resources, even the company is doubling the number of share on issue.
 
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