Australian (ASX) Stock Market Forum

Re: MTN - Marathon Resources

Hit $1.44 but quickly retreated. Traders taking profits.

Good news for MTN though as this is an alltime high I believe. Would be nice for a positive finish, but doesn't look like it now. Spike is interesting though. People are watching this and jumping in on breakouts. Good darts.
 

Attachments

  • MTN.gif
    MTN.gif
    26.3 KB · Views: 252
Re: MTN - Marathon Resources

Are there any uranium companies not going to all time highs? Might as well have just thrown a dart at the stock list and you'd hit a winner. Shooting fish in a barrell really. What a joke.

I do like buying into these things when they break though. MTN was a classic. :)
 

Attachments

  • MTN.gif
    MTN.gif
    21.5 KB · Views: 241
Re: MTN - Marathon Resources

anything copper, uranium, nickel, just pumps the price up big time.

ERA $12 to $19 is a joke....

happy days if your on...
 
Re: MTN - Marathon Resources

Ken said:
anything copper, uranium, nickel, just pumps the price up big time.

ERA $12 to $19 is a joke....

happy days if your on...

Happier days if you know when to get off!
 
Re: MTN - Marathon Resources

MTN is such a great stock because it is the only few stocks that haven't hit a ridiculous market capital like AGS, DYL and PDN... yet... It'll probably follow suit... I reckon hold on to em for a long while... Sorry if it sounds like ramping
 
Re: MTN - Marathon Resources

When the sp hits $10 or mtn has a mc of $500 million and you are banging the MTN drums then it might be considered ramping. At present this sooooooooooooooo undervalued...

JORC ~30,000 tonnes...
mc ~ 50 million

:xyxthumbs
 
Re: MTN - Marathon Resources

MTN consolidating between $1.40 and $1.50 around previous all time high.

Interesting that the Talbot Group have taken 10% of the company. Anyone know anything about this mob?

I only know it's also taken a stake in Southern Gold and has a close association with CITIC, who now have a few % of Marathon as well. Perhaps they will join forces to take MTN soon?

The results from the current drill program at Mt Gee which are being fed into the resource model to upgrade the resource won't be available until 'well after the Christmas period' so we've got a bit of a wait for further anns, unless perhaps if they hit something very significant which will probably require them to come clean with the market. They did say that the initial drill results seemed to be in line with previous drilling so expect a wait I think.
 
Re: MTN - Marathon Resources

Hmmm... I thought about and now I guess I was right... This week will be all about retracing... I hope that it doesn't close below 1.40 tomorrow... I like to see healthy figures :D and I have a 1000 percent return in a year to make
 
Re: MTN - Marathon Resources

Going for an all time high again...

Almost off the page.
 

Attachments

  • MTN.gif
    MTN.gif
    19.5 KB · Views: 154
Re: MTN - Marathon Resources

103882 sellers at 1.50.....
most of the buyers at 1.45...

with todays volume sitting at 326622, its going to take something big to move this outside each of the above price points...


BTW Kennas, I sold AVO...
 
Re: MTN - Marathon Resources

MTN hitting a brick wall at $1.50. Come on!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If it doesn't get through this quick, may drop back to recoup for another run. Or fall over. :(

Rafa, still holding AVO. It's back up a little with ann of go ahead of Trident. :) Still, maybe it's hit it's terminal peak?
 

Attachments

  • MTN.gif
    MTN.gif
    19.8 KB · Views: 141
Re: MTN - Marathon Resources

kennas said:
MTN hitting a brick wall at $1.50. Come on!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If it doesn't get through this quick, may drop back to recoup for another run. Or fall over. :(

Rafa, still holding AVO. It's back up a little with ann of go ahead of Trident. :) Still, maybe it's hit it's terminal peak?

We're gonna need some dynamite... There's still a long way for an announcement... It's good to see the stock go up on low volumes... Can't complain there... an interesting week... I'm still holding from 1.005 a share ;)
 
Re: MTN - Marathon Resources

nothing wrong with consolodation,
but i think holding above 1.40 is the key here,
that is the all time high, stretching back from May 06.

I am happy to risk 10 cents for a potential rocket ride thru the brick wall... :D :D


As for AVO, the long awaited announcement has proved to be an anti climax... :banghead:

It has to be, so far, the most disasspointing stock i've held this year...
the present gold malaise is not helping either tho...
 
Re: MTN - Marathon Resources

Rafa said:
nothing wrong with consolodation,
but i think holding above 1.40 is the key here,
that is the all time high, stretching back from May 06.

I am happy to risk 10 cents for a potential rocket ride thru the brick wall... :D :D

As for AVO, the long awaited announcement has proved to be an anti climax... :banghead:

It has to be, so far, the most disasspointing stock i've held this year...
the present gold malaise is not helping either tho...
Some good support for MTN today. Went down just a bit and the buyers came in.

I'm out of AVO too. Poor effort that.
 
Re: MTN - Marathon Resources

Rafa said:
nothing wrong with consolodation,
but i think holding above 1.40 is the key here,
that is the all time high, stretching back from May 06.

I am happy to risk 10 cents for a potential rocket ride thru the brick wall... :D :D


As for AVO, the long awaited announcement has proved to be an anti climax... :banghead:

It has to be, so far, the most disasspointing stock i've held this year...
the present gold malaise is not helping either tho...


EXT has been the most disapointing stock for me... Hey If Warren buffet had to pick from all the growing U stocks he'd choose this one because it has gone up the least for what it's worth... I'm almost certain that in a month time this baby will hit 2 bucks... RAMP RAMP RAMP
 
Re: MTN - Marathon Resources

insider said:
EXT has been the most disapointing stock for me... Hey If Warren buffet had to pick from all the growing U stocks he'd choose this one because it has gone up the least for what it's worth... I'm almost certain that in a month time this baby will hit 2 bucks... RAMP RAMP RAMP

Only if there is not so many hitch-hikes. I wish The Corporate Law should be revised since so many companies have abused it in the area of share placement. I would suggest that:

1. Existing shareholder should have the priority to participating share placement of any kind. I believe the internet auction can be a good vehicle to raise money cheaply;

2. No more than one share placement for every two years.
 
Re: MTN - Marathon Resources

MTN consolidated nicely and ready to go up. Wouldn't be surprised if it goes at around the blue circle - about Thursday. :)

Surprised it hasn't taken off with the rest of the U pack today. That $1.50 resistance proving hard yakka.
 

Attachments

  • MTN.gif
    MTN.gif
    20.7 KB · Views: 89
Re: MTN - Marathon Resources

its a marathon kennas... :D :D
gotta love all things U at the moment tho...
 
Re: MTN - Marathon Resources

kennas said:
MTN consolidated nicely and ready to go up. Wouldn't be surprised if it goes at around the blue circle - about Thursday. :)

Surprised it hasn't taken off with the rest of the U pack today. That $1.50 resistance proving hard yakka.
Tomorrow might be the day when UxC confirms the $72/lb uranium if not higher.
 
Re: MTN - Marathon Resources

I was wrong. Sorry.

Broken through today. Trading $1.54 atm :D

Breakout!!!!!!!!!!!!!!!!!!!

Relax kennas, day's not over.
 
Top