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Re: MTN - Marathon Resources

MTN finally did something right, addressed my, maybe the whole market's concern. I am not sure whether it is too little and too late. Anyway, I am happy with the actions they are taking, and wait to see the progress in unlocking the company's value.

I hope Corsby can get lost, or show us some real money.
 
Re: MTN - Marathon Resources

i think you will find that this company is grossly undervalued. ive posted a comparison chart earlier on the thread and shows that mtn is valued at around 45 cents per pound of uranium.

this pricing is ridiculous, it will only be a matter of the company converting their deposit into measured resource and we should see some sort of re-rating.

very small amount of shares on issue make this a very attractive u player to be holding. jv with usa are in some very interesting tenements also, i have posted the grades for these tenements also.

the best thing about this company is they have 100% on the mt gee deposit. we shall see what the drilling program brings.
 
Re: MTN - Marathon Resources

hey guys check out the sell depth on this stock.

seems a lot of buyers are stacking up and no-one wants to sell this one.
i think this is due to resuming drilling at mt gee. young trader have you got any news on this one??
 
Re: MTN - Marathon Resources

dj_420 said:
hey guys check out the sell depth on this stock.

seems a lot of buyers are stacking up and no-one wants to sell this one.
i think this is due to resuming drilling at mt gee. young trader have you got any news on this one??
Click to expand...

I have decided to put MTN into my bottom draw until the the announcement of the MT Gee drilling results. But the odds is pretty high that another party may have serious look on the MTN, and provide a serious offer. There are a lot of taking around with Chineses, Japaneses, and Brozilians. I heard of Japanese neclear industry players has paid a visit to Australia recently. I believe they want to get involved in upstream to hedge against the rising and rising of uranium price. Japan is the third largest uranium consumer in the world, and have 13 reactors under-construction and planning. In addition to the power generation, it might have hiden ambition for other purpose. :2twocents

There are still some weak hands there that are willing to sell for penny profits or loss. But I am willing to take the risk for the huge return, something like at least 100%, maybe 500% from current position. More than ever I believe the downside is limited even with another short-term uranium stock correction.
 
Re: MTN - Marathon Resources

If MTN moves a wee bit higher, say to 89c its a breakout and just like 80c level will become support,

If someone (Sean ;)) could post up a chart it would be great,

Significant levels

68c: Strong Support (Placement to Bell Potter @ 66c ages ago + T/O Bid @ 68c)

80c: From chart now appears to be support level, significant as this was intial high back in Aug 05

87c: Current resistance, was Intra Day highs back in Aug 05 peaks and reached last month

If it breaks through on to $1


Oh and surprise surprise Crosby has extended its bid until Dec 5th
 
Re: MTN - Marathon Resources

i think its amusing that since buttermere has extended the offer the sp has risen a few cents. i personally think the offer is absolutely ridiculous and i think with current market sentiment all MTN shareholders are laughing at buttermere's pathetic attempt to take over such a highly undervalued company.

hey YT the six monthly chart is a bit choppy but the yearly chart shows more of a trend with support and resistance lines.
 

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Re: MTN - Marathon Resources

Looks to have broken through (For now)

DJ try and use a 2 yr Candle Chart,

It is critical that you see the Aug 05 spikes, both intra-day and closing has had left levels of resistance/support,
 
Re: MTN - Marathon Resources

DJs chart shows that it's prety clearly trending up.

YT, agree that short term support will be around $0.80 but there is greater support around $0.70 I think. If it pulls back shortly, then this line wil prove pretty solid I reckon and would be a great place to pick some more up. Also noting that the TO offer is at $0.68, so I see this level as a floor.

Seems to be resistance just under $0.90, but after that should rocket. I'm not sure if the April/May anomoly should be taken into consideration, but perhaps when it gets back to the all time high, the punters who bought in at that level, and are still sitting on big paper losses, will cash in, thankful they have got their money back...perhaps. Once that is sorted, on to $100. :D

My 2 year weekly chart gives just a slightly diffferent perspective.
 

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Re: MTN - Marathon Resources

Looks to have broken out now. Like many other things. $0.93 as I speak.

GO URANIUM!
 
Re: MTN - Marathon Resources

I am interested in buying in this one. Can anyone let me know what are the positives of this stock? I believe they already produce uranium. Can anyone let me know why this is a good stock compared to other uranium stocks? I am interested in it because it is a cheap stock at this stage.
:)
 
Re: MTN - Marathon Resources

Fab said:
I am interested in buying in this one. Can anyone let me know what are the positives of this stock? I believe they already produce uranium. Can anyone let me know why this is a good stock compared to other uranium stocks? I am interested in it because it is a cheap stock at this stage.
:)
Click to expand...

Not producing Fab. Mt Gee has 45 m lbs inferred uranium with scope to increase it. They have now got a contractor in (Coffey) to take it to JORC indicated and measured stage. This is a massive deposit. SA is a U friendly state, unlike WA and less so QLD (I think due to having less coal) but will still probably need Labor national policy change to start mining the stuff. Check back through this thread, YT gives some good numbers on what this might be worth. If approval to mine this comes through next year, then yes, I agree, this is cheap! However, if they can't mine it, well, bummer.
 
Re: MTN - Marathon Resources

At 93c there is no question this has broken out now! :D
 
Re: MTN - Marathon Resources

kennas,

Thanks for your feedback. I am just trying to re-invest the money I just got by selling my SMM. Sounds like MTN and SMM are very similar. I mean they will both benefit from a change in policy. Which one is the best potential uranium producer? MTN current price is the same as SMM 1 year ago :)
I am wondering if I should to try to re-enter SMM or buy into MTN :eek:
 
Re: MTN - Marathon Resources

im holding both SMM and MTN, pending a policy turnaround these two will be major players in aust.

just a question if and when policy does turnaround does that mean ERA are allowed to mine jabiluka or is that off limits because it is sensitive area.
 
Re: MTN - Marathon Resources

dj_420 said:
im holding both SMM and MTN, pending a policy turnaround these two will be major players in aust.

just a question if and when policy does turnaround does that mean ERA are allowed to mine jabiluka or is that off limits because it is sensitive area.
Click to expand...

I don't think Jabiluka is so much about 3 mines policy, more about environmental concerns being in Kakadu
 
Re: MTN - Marathon Resources

Broadside said:
I don't think Jabiluka is so much about 3 mines policy, more about environmental concerns being in Kakadu
Click to expand...

Heritage listed park ? that is Kakadu not Jabiluka..........
 
Re: MTN - Marathon Resources

Fab said:
kennas,

Thanks for your feedback. I am just trying to re-invest the money I just got by selling my SMM. Sounds like MTN and SMM are very similar. I mean they will both benefit from a change in policy. Which one is the best potential uranium producer? MTN current price is the same as SMM 1 year ago
I am wondering if I should to try to re-enter SMM or buy into MTN :eek:
Click to expand...

Hold both Fab. Along with AGS, possibly the 3 best non producers in the country.
 
Re: MTN - Marathon Resources

Not far from the $1 party again. Looking forward to $1.50, $2 ......$100 parties.

One of the most undervalued stocks on the ASX.

:rolleyes:
 
Re: MTN - Marathon Resources

3 veiws of a secret said:
Heritage listed park ? that is Kakadu not Jabiluka..........
Click to expand...

but Jabiluka is within Kakadu which is why there is an environmental problem??
 
Re: MTN - Marathon Resources

Please start a new thread to talk about dumb a*se green issues.

We are trying to do our bit for the environment by extracting the green fuel from Mt Gee. :D
 
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