NRZ - NeuRizer Ltd
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Re: MTN - Marathon Resources
Chinese major and Aussie coal player in Marathon investment
Jesse Riseborough
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.
Macarthur Coal managing director Ken Talbot
This time the coffers of takeover target Marathon Resources are set to be bolstered by a $A7.15 million placement to the pair with the funds earmarked for completion of a scoping study at the company's flagship Mt Gee project in South Australia.
Interestingly, the two players involved in the placement, Talbot Group Holdings and CITIC Group, were involved in a smaller placement late last month with fellow South Australian-based uranium explorer Southern Gold.
The Southern Gold placement to the pair raised $2.25 million at an issue price of 25c per share while the Marathon placement will be undertaken at $1.10 per share and will give them an 11.7% stake in Marathon.
Marathon was also quick to point to the placement price representing a 61.7% premium to the offer price of 68c per share made by Hong Kong-based raider Crosby Capital Partners in July.
The relationship between the three companies will also be expanded to the boardroom with the managing director of CITIC's Australian operations Chen Zeng and Macarthur Coal "associate" Denis Wood both being added to the Marathon board at the expense of Sam Appleyard and William Latimer.
Marathon said the restructure would provide the additional skills required to enhance the development potential of its Mt Gee deposit which hosts an inferred resource of 57 million tonnes at 0.06% uranium oxide for 33,000t of contained uranium oxide.
The relationship between CITIC Group and Macarthur Coal also extends to the share register with CITIC holding an 11.6% stake in the Talbot-led Macarthur.
The Chinese have shown a penchant for South Australian uranium investment of late with the southern state home to one of the more friendly uranium exploration and mining regimes in Australia.
In September, PepinNini Minerals formed a strategic alliance with major Chinese steel manufacturer Sinosteel to develop the company's Crocker Well and Mt Victoria deposits in the Curnamona province.
Shares in Marathon were unchanged in early afternoon trade at $1.19.
Chinese major and Aussie coal player in Marathon investment
Jesse Riseborough
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.
Macarthur Coal managing director Ken Talbot
This time the coffers of takeover target Marathon Resources are set to be bolstered by a $A7.15 million placement to the pair with the funds earmarked for completion of a scoping study at the company's flagship Mt Gee project in South Australia.
Interestingly, the two players involved in the placement, Talbot Group Holdings and CITIC Group, were involved in a smaller placement late last month with fellow South Australian-based uranium explorer Southern Gold.
The Southern Gold placement to the pair raised $2.25 million at an issue price of 25c per share while the Marathon placement will be undertaken at $1.10 per share and will give them an 11.7% stake in Marathon.
Marathon was also quick to point to the placement price representing a 61.7% premium to the offer price of 68c per share made by Hong Kong-based raider Crosby Capital Partners in July.
The relationship between the three companies will also be expanded to the boardroom with the managing director of CITIC's Australian operations Chen Zeng and Macarthur Coal "associate" Denis Wood both being added to the Marathon board at the expense of Sam Appleyard and William Latimer.
Marathon said the restructure would provide the additional skills required to enhance the development potential of its Mt Gee deposit which hosts an inferred resource of 57 million tonnes at 0.06% uranium oxide for 33,000t of contained uranium oxide.
The relationship between CITIC Group and Macarthur Coal also extends to the share register with CITIC holding an 11.6% stake in the Talbot-led Macarthur.
The Chinese have shown a penchant for South Australian uranium investment of late with the southern state home to one of the more friendly uranium exploration and mining regimes in Australia.
In September, PepinNini Minerals formed a strategic alliance with major Chinese steel manufacturer Sinosteel to develop the company's Crocker Well and Mt Victoria deposits in the Curnamona province.
Shares in Marathon were unchanged in early afternoon trade at $1.19.
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Re: MTN - Marathon Resources
Move from Las Vegas to Macau, not much change, right? The only thing I can see Macau, the mini-Las Vegas will become a giant soon. A math problems here:
1. The good old Chinese touch is still working in Uranium stocks.
$.50 placement in PNN up over 60%
$2.50 placement in CMR up over 60%
$.25 placement in SAU up over 30%
So giving some time for MTN, what doe it worth for $1.1 placement?, $1.4 or $1.8?
Besides, the MTN is still at less $1 EV per lb resources. Still much cheaper than SMM, EME, NEL, DYL, RPT.... you name it.
Move from Las Vegas to Macau, not much change, right? The only thing I can see Macau, the mini-Las Vegas will become a giant soon. A math problems here:
1. The good old Chinese touch is still working in Uranium stocks.
$.50 placement in PNN up over 60%
$2.50 placement in CMR up over 60%
$.25 placement in SAU up over 30%
So giving some time for MTN, what doe it worth for $1.1 placement?, $1.4 or $1.8?
Besides, the MTN is still at less $1 EV per lb resources. Still much cheaper than SMM, EME, NEL, DYL, RPT.... you name it.
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Re: MTN - Marathon Resources
kennas,
If you have a few spare moments can you comment on the technicals for MTN.
Lookly at the weekly candle chart I see a cup and handle formation.
I here some more Chinese whispers on this one. But my chinese is non existant and it may not be chinese but some other asian language.
Thanks in advance.
kennas,
If you have a few spare moments can you comment on the technicals for MTN.
Lookly at the weekly candle chart I see a cup and handle formation.
I here some more Chinese whispers on this one. But my chinese is non existant and it may not be chinese but some other asian language.
Thanks in advance.
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Re: MTN - Marathon Resources
Might be Japanese utilities. I would like to see the fight between Chinese and Japanese. They may well like each very much.radio-active man said:kennas,
If you have a few spare moments can you comment on the technicals for MTN.
Lookly at the weekly candle chart I see a cup and handle formation.
I here some more Chinese whispers on this one. But my chinese is non existant and it may not be chinese but some other asian language.
Thanks in advance.
Sean K
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Re: MTN - Marathon Resources
Will catch up on this one tomorrow. I'm thinking about getting back in myself.radio-active man said:kennas,
If you have a few spare moments can you comment on the technicals for MTN.
Lookly at the weekly candle chart I see a cup and handle formation.
I here some more Chinese whispers on this one. But my chinese is non existant and it may not be chinese but some other asian language.
Thanks in advance.
Sean K
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Re: MTN - Marathon Resources
RAM,
I don't see a cup and handle on the weekly, but on the daily there's a descending triangle with both MACD and Stochastics looking negative. Lagging indicators so not the whole story. Looks to be trending down for the minute with highs getting lower. The doji on Friday is also slightly negative indicting sellers just won the day. However, found a bit of a support line around $1.12/13 for the moment. If it starts to get a bit more support and had a couple of positive closes heading back towards resistance at $1.21/22, then keep a close eye on it.
A break below $1.10 is a sell IMO.
Break above $1.21 on vol a buy IMO.I will be.
kennas said:
RAM,
I don't see a cup and handle on the weekly, but on the daily there's a descending triangle with both MACD and Stochastics looking negative. Lagging indicators so not the whole story. Looks to be trending down for the minute with highs getting lower. The doji on Friday is also slightly negative indicting sellers just won the day. However, found a bit of a support line around $1.12/13 for the moment. If it starts to get a bit more support and had a couple of positive closes heading back towards resistance at $1.21/22, then keep a close eye on it.
A break below $1.10 is a sell IMO.
Break above $1.21 on vol a buy IMO.I will be.
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Re: MTN - Marathon Resources
Kennas,
Thanks for the analysis.
Take note of the no. of shares on issue... Extremely easy to manipulate imo. It was nice to c the 500,000 xtrade on friday.
Relatively big players taking positions and looking to shake out weak hands.
Kennas,
Thanks for the analysis.
Take note of the no. of shares on issue... Extremely easy to manipulate imo. It was nice to c the 500,000 xtrade on friday.
Relatively big players taking positions and looking to shake out weak hands.
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Re: MTN - Marathon Resources
i would like to see the current sp hold today on its increase and break the descending triangle pattern. nice support is building around the 1.10 upward levels.
IMO this stock is still grossly undervalued, market cap of $44 million for a insitu resource value of $4.3 billion US dollars. seems a little off the mark to me. based on market cap this stock is still way undervalued and has got a long way to go.
large off market trade on fri 500 000 seems to point that larger people taking position.
i would like to see the current sp hold today on its increase and break the descending triangle pattern. nice support is building around the 1.10 upward levels.
IMO this stock is still grossly undervalued, market cap of $44 million for a insitu resource value of $4.3 billion US dollars. seems a little off the mark to me. based on market cap this stock is still way undervalued and has got a long way to go.
large off market trade on fri 500 000 seems to point that larger people taking position.
Sean K
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Re: MTN - Marathon Resources
This definately has potential to break up. Will be looking for an entry on break up to $1.21/2 ish.
This definately has potential to break up. Will be looking for an entry on break up to $1.21/2 ish.
Sean K
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Re: MTN - Marathon Resources
Someones playing with the price today,
I've seen big buy orders go up at least 5-6 times now, its either 1 300k buy orderor 2 150k buy orders at the same time,
They keep going up at $1.18-$1.21 and as soon as it looks like they'll get filled they get pulled,
Very sus indeed, anyone else notice that?
Someones playing with the price today,
I've seen big buy orders go up at least 5-6 times now, its either 1 300k buy orderor 2 150k buy orders at the same time,
They keep going up at $1.18-$1.21 and as soon as it looks like they'll get filled they get pulled,
Very sus indeed, anyone else notice that?
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Re: MTN - Marathon Resources
from charts MTN sp showed a pennant formation with last two days of trading breaking out of that pattern.
market has been down today but MTN sp showed a sig increase in interest on when it was sold down. would like to see a sustained rise now, from market depth there is some resistance around 1.30, would be good to see a break above these levels.
from charts MTN sp showed a pennant formation with last two days of trading breaking out of that pattern.
market has been down today but MTN sp showed a sig increase in interest on when it was sold down. would like to see a sustained rise now, from market depth there is some resistance around 1.30, would be good to see a break above these levels.
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Sean K
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Re: MTN - Marathon Resources
I agree. This looks like it's heading up now.
dj_420 said:
I agree. This looks like it's heading up now.
Sean K
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Sean K
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Sean K
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Re: MTN - Marathon Resources
good stuff kennas! You did the right thing... I'm holding onto MTN at least until the federal election... MTN have, in my opinion, Huge potential! I see MTN as a stock that is a great alternative to companies like AGS and DYL that have huge market capital already
good stuff kennas!
You did the right thing... I'm holding onto MTN at least until the federal election... MTN have, in my opinion, Huge potential! I see MTN as a stock that is a great alternative to companies like AGS and DYL that have huge market capital already