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Re: MTN - Marathon Resources

I'm out, had a good run from 70c to $1.20

Seems to be hitting resistance,

Good luck to holders
 
Re: MTN - Marathon Resources

Seems like follow the leader YT. I'm on the sidelines for the moment too.

Have held on to some SMM and AGS expecting the imminent JORC anns to keep them solid.
 
Re: MTN - Marathon Resources

fair point about resistance, lot of buyers from 6 months ago, when MTN was last at these levels may be looking to sell soon...

besides that, was there any other reasons for getting out?
 
Re: MTN - Marathon Resources

Rafa said:
fair point about resistance, lot of buyers from 6 months ago, when MTN was last at these levels may be looking to sell soon...

besides that, was there any other reasons for getting out?
Click to expand...

Rafa, check what happened to MTN from May to July. That run up in April was not sustainable, and neither can this be. Might go up another 20% or maybe 50%, but nothing goes verticle for ever. Just when do you take profits? What is the trading plan? I originally bought this as a long term play thinking it would be an operator in a few years with there possibly being a takeover on the horizon. Now, I'm just been cautious. I'll wait for a decent dip to be back in.
 
Re: MTN - Marathon Resources

sorry to see you guys leaving.

When evryone is buying it's probably the right time to be selling and vice versa.

US election, global crash ahhh regardless we still need energy to keep us cool in summer and warm in winter. Just ask the japanese.... :confused:
 
Re: MTN - Marathon Resources

im still holding. i believe sp still has a way to go yet. stock has received some coverage as of late and interest is picking up on internet sites. some guy called crazy john smith has been plugging it on his website. not to sure about quality of posts could be another hc promoting speccies.

i think its great that MTN has finally picked up in volume and interest. typically has traded very low on volume in the past which has meant less volatility for the sp.

i think we will see a continued general uptrend, with uranium sector right in the spotlight at the moment. may see some short term retracement but has trended a bit slower in comparison to other uranium stocks.
 
Re: MTN - Marathon Resources

Sold out of EVE this afternoon before the close as looking to finish down on previous day's close for the second day in a row.
Keeping a close watch on MTN (is starting to look overbought) but still holding while it continues to close higher than previous day's close.
 
Re: MTN - Marathon Resources

Sold out of EVE this afternoon as looking to close lower than the previous day's close for second day in a row. Still holding MTN while it continues to close higher each day (but keeping a very close eye on them!!).
 
Re: MTN - Marathon Resources

radio-active man said:
sorry to see you guys leaving.

When evryone is buying it's probably the right time to be selling and vice versa.

US election, global crash ahhh regardless we still need energy to keep us cool in summer and warm in winter. Just ask the japanese.... :confused:
Click to expand...
U Man,

Haven't 'left' this yet. Still very much with it, my money just isn't where my mouth is atm. But, I'm sure it will be again.

I was just reading back through their past few anns and the advancements they have made at Mt Gee are quite impressive. They are due to ann drilling to take the current inferred resource to indicated and measured. This ann should keep MTN on the radar for most punters. Perhaps they will even increase the current resource as they are focussing on drilling to extentions to the east and south.

They currently have inferred 68 m lb at a 300ppm cut off, and 45 m lb at 500 ppm. These are great numbers. If they increase this resource in size or quality, it would be fantastic for the company.
 
Re: MTN - Marathon Resources

Just ann placement of $6m ish shares at $1.10, not far off current price. Board restructure and a ramp of the FS being done by Coffey. Not too much to get excited about.
 
Re: MTN - Marathon Resources

I think it looks pretty good, having the chinese goverment as a significant shareholder can't be a bad thing and issuing the shares at that price is pretty good considering the sp over the last 4-6 months has much less than that. It gives me good confidence in the management of the company at least.
 
Re: MTN - Marathon Resources

deftfear said:
I think it looks pretty good, having the chinese goverment as a significant shareholder can't be a bad thing and issuing the shares at that price is pretty good considering the sp over the last 4-6 months has much less than that. It gives me good confidence in the management of the company at least.
Click to expand...
Yes, CITIC on board could be a good thing. Interesting. And Mr Zeng looks like he might know a thing or two about start up operations.
 
Re: MTN - Marathon Resources

Up 41.84% after brokerage, not sure what to do now.... getting edgy and thinking of selling. I should at least put a stop loss in!

EDIT: 48.64% now in 14 days.
 
Re: MTN - Marathon Resources

djones said:
Up 41.84% after brokerage, not sure what to do now.... getting edgy and thinking of selling. I should at least put a stop loss in!
Click to expand...

hmm same situation here, 65.6% on paper after brokerage, but it just gets higher, but im keeping faith it'll go higher ( or am i just greedy :confused: )
 
Re: MTN - Marathon Resources

I say hold... Look at the sellers list... it's so small!
It is important to know at what price you'd be hapy to sell at... so are you happy?
 
Re: MTN - Marathon Resources

hmm, i'm up 60 odd % too on initial entry, and loaded up even more two days ago in the 1.10ish range...

with the placement being at 1.10, which is rather amazing, given it barely traded at that price, ever, i think this would have to be a floor for the price from now on...

a BIG CONGRATULATIONS to the management team...

kennas's point from a few posts ago is still valid, there were lot of buyers in this range in May, so they may be looking to get out here... it needs to break the MAY high before real blue sky... but I am hold on for the ride.

Plus, with chinese on board, the sky is finally the limit with this company.

:jump: :jump: :jump:
 
Re: MTN - Marathon Resources

Grab the bull by the horns and hold on for the ride.... As Rafa rightly pointed out. $1.10 is our new support....

Buttermores baaaaahahahahaha

Sweeeeet..... Duuude.....
 
Re: MTN - Marathon Resources

Well what can I say sold out today 25% profit takings,might be a bit premature,but I will be keen to re-enter this share if it takes a small slide. G'luck to holders .........just keep surfing the Uranium wave . :bowser:
 
Re: MTN - Marathon Resources

Chinese major and Aussie coal player in Marathon investment
(Thursday, 9 November 2006)

THE Australian subsidiary of major Chinese company CITIC Group, which controls more than $US100 billion in assets, and the private investment arm of Macarthur Coal boss Ken Talbot have jumped into bed with a second South Australian-based uranium explorer in less than two weeks.
 
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