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Re: MTN - Marathon Resources

radio-active man said:
please start a new thread to talk about dumb a*se green issues.

We are trying to our bit for the environment by extracting the green fuel from Mt Gee. :D
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well guys..i hope ERA's Jabiluka deposit never gets mined, which means..all the way with Mt Gee :D :D ..
but i must say it's highly unlikely since...for example Xstrata's mcarthur zinc operation got the nod recently.. even after environmental concerns
 
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:
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I think it is very dangerous to bet on one or two horses. The orginal uranium bug James Dines recommend to bet on a basket of uranium stocks. (unfortunately most of the uranium stocks he recommended is in TSX, Some of them are really good one. I have made some moeny indirectly through the takeover target in HMR, RPT). I try to convince him to cover more Aussie stock, so far no results.

Anyway, we can apply his principle, I would mind to hold some SMM, MTN, PNN, ERA, PDN, DYL, UNX, OMC, SRZ, SAU, UKL, ARU, CMR, AGC, NEL, EQN, BHP, UEQ, MRO..... It is too long to list, but the key is disversification by development stage (producer, resource, explorer), and geography (Australia, Africa, Central Asia..). I know some of them will be super stars (or already are), some of them may be ugly ducks. But as long as the uranium trend is right, you will make a lot of money!

Afterall, MTN is the horse I am betting on seriously. I will hold it for a very long-time. My average entry prices is very close to the today's closing price. I wish I have discover this good Aussie stock a year ago. I firmly believe it worths more than $4 a share compare with other U stocks even with share base doubled.
 
Re: MTN - Marathon Resources

Did I read right?

Have that arbitrage group of UBS MM&E sold out their entire position on what I calculated to be an avg price of 0.885c? ? ? ?

Thats a big overhang gone :D
 
Re: MTN - Marathon Resources

YOUNG_TRADER said:
Did I read right?

Have that arbitrage group of UBS MM&E sold out their entire position on what I calculated to be an avg price of 0.885c? ? ? ?

Thats a big overhang gone :D
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Is that a good thing mate? Selling $1.7 m probably not that big and issue is it? They were substatial I suppose.. :confused:

Well, stock up 5+%...... :)

How's study going? LOL
 
Re: MTN - Marathon Resources

kennas said:
Is that a good thing mate? Selling $1.7 m probably not that big and issue is it? They were substatial I suppose.. :confused:

Well, stock up 5+%...... :)

How's study going? LOL
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Its a good thing if you look at it like this, if Crosby don't raise the bid and offer falls through as UBS was TakeOver arbitrage they would have sold off their position = drive the price way low to dump 2m+ shares

However now if takeover falls through there won't be as much selling (there will still be those few who were happy with downside risk limited by takeover offer and when that this appears so will they)

p.s. Study? ? Huh forgot all about it ;)
 
Re: MTN - Marathon Resources

YOUNG_TRADER said:
Its a good thing if you look at it like this, if Crosby don't raise the bid and offer falls through as UBS was TakeOver arbitrage they would have sold off their position = drive the price way low to dump 2m+ shares

However now if takeover falls through there won't be as much selling (there will still be those few who were happy with downside risk limited by takeover offer and when that this appears so will they)

p.s. Study? ? Huh forgot all about it ;)
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I agree with YT. The Crosby's takeover offer is becoming less and less relevant. I believe the market is speculating the massive Uranium resources the Mt Gee hold. When UBS has unloaded its stocks (I guess it was triggered by their investment guideline for takeover arbitrage, not by their head, if they do have one), the upside lid is removed. I added some position
 
Re: MTN - Marathon Resources

Volume has picked up for MTN lately. This chart shows previous false breakout then followed by a slight pull back. Hammer candlestick is bullish and indicates uptrend is resuming and the next day it has opened on a runaway gap. Todays trading shows a clear breakout from old trading channel.

IMO this move has occured for several reasons:

- MTN is clearly undervalued and market interest is picking up
- USA has shown large increase in SP in last two days
- Overhang of shares has been removed (UBS and MME)
- Drilling resume at Mt Gee
- Increase in uranium sector has picked up of late
 

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Re: MTN - Marathon Resources

dj_420 said:
Volume has picked up for MTN lately. This chart shows previous false breakout then followed by a slight pull back. Hammer candlestick is bullish and indicates uptrend is resuming and the next day it has opened on a runaway gap. Todays trading shows a clear breakout from old trading channel.

IMO this move has occured for several reasons:

- MTN is clearly undervalued and market interest is picking up
- USA has shown large increase in SP in last two days
- Overhang of shares has been removed (UBS and MME)
- Drilling resume at Mt Gee
- Increase in uranium sector has picked up of late
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Yep, agree here DJ.

I'd also say that there is a lot of speculative money flowing into the market atm. Traders have come out of hybernation after the May correction and jumping on momentum everywhere. U players have been a favourite target.
 
Re: MTN - Marathon Resources

kennas said:
Yep, agree here DJ.

I'd also say that there is a lot of speculative money flowing into the market atm. Traders have come out of hybernation after the May correction and jumping on momentum everywhere. U players have been a favourite target.
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Kennas! perfectly correctI'm with you .Also the media plugs along the political features of global warming etc etc .....and U just tags along in the background.
Funny how times have changed,and how U is percieved to be clean,and if you saw ABC with Kerry O'Ryan( schpelling) on the 7.30 report last nite,I think CEY and Anvil mine (?) was been given the thumbs down treatment....ie very dirty stuff........enough waffle back to the project of shares.............
 
Re: MTN - Marathon Resources

OK boys... Need a quick opinion on this babe... Should I buy? Why? What are the chances of them issuing more shares? My window opprtunity is closing on another stick and I can only buy one... The problem of choice
 
Re: MTN - Marathon Resources

insider said:
OK boys... Need a quick opinion on this babe... Should I buy? Why? What are the chances of them issuing more shares? My window opprtunity is closing on another stick and I can only buy one... The problem of choice
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Yes, the problem is choice....

Throw a dart at MTN, SMM, AGS, EVE.

Any of these could do anything.

Potential for some consolidation soon. I think the big gains have been made.

(I hold each of above)

Sorry not to be indecisive. You really must DYOR on each of these to make a decision.
 
Re: MTN - Marathon Resources

It's more the fact they've gone up so much without any drilling announcement... they seem to be good... Appreciate it Kennas
 
Re: MTN - Marathon Resources

Well I like the fact they're based in SA... No recent drilling results, Few sellers, steady climb and an all time high of 1.45... I got out of DYL at 27.5 cents and am happy with that... A few weeks ago I was choosing Between DYL and MTN and went DYL... that paid off but MTN would have been a great choice too... I'll see how the day will go and make a decision after lunch... Feel like a gourmet sandwich :)
 
Re: MTN - Marathon Resources

I agree, the choices are unlimited...
its hard to pick one definitely...

but i think EVE and MTN are near certain...

will they outperform other U stocks tho???
well, in the short term, i see the sentiment dragging all Uranium stock up.

In the SHORT TERM... This could be a BIGGER story than ZINC!
(given Zinc has had a great run in Oct)


Insider, i got out of DYL too recently
looking at either USA or URA now to compensate.
 
Re: MTN - Marathon Resources

Was just about to say MTN joing the U band wagon, but then remembered drilling was meant to start early Nov, well its early Nov!
 
Re: MTN - Marathon Resources

MTN certainly hasn't got on the U bandwagon,
most other U stocks have doubled in the last week...

MTN is barely up 30%...
what a dog!!!

:D :D :D

Can't wait for the market to remember MTN again...

If they do release a few annoncements, in the current climate, $2 is not out of the question.

I am thinking of buying some more.
 
Re: MTN - Marathon Resources

I was just a matter of time before they had their turn. :D
 

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