NRZ - NeuRizer Ltd
- Thread starter Mistermoon
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Re: MTN - Marathon Resources
Newly appointed Director Dennis Wood has bought 136,364 MTN shares at average price of $1.44. I like it, the director is aligning his own money with the company, not just collecting directorship fee. Excellent. Should he want interest free loan, I would vote for it.
Newly appointed Director Dennis Wood has bought 136,364 MTN shares at average price of $1.44. I like it, the director is aligning his own money with the company, not just collecting directorship fee. Excellent. Should he want interest free loan, I would vote for it.
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Re: MTN - Marathon Resources
Come on $1.70........ Toot .....Toot..
sellers are very thin ATM..... I think they are all hiding....:hide: lol
Come on $1.70........ Toot .....Toot..
sellers are very thin ATM..... I think they are all hiding....:hide: lol
Sean K
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Re: MTN - Marathon Resources
It wasn't me......lol......I think whoever it was had a chuckle to themselves.....lol
kennas said:
It wasn't me......lol......I think whoever it was had a chuckle to themselves.....lol
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Re: MTN - Marathon Resources
A bit of nostalgia from way back in March, it was like the 4th post on MTN
Some times good things take a bit of time,
Not holding though got off @ $1.20ish level, no regrets as money has been put to good use since
A bit of nostalgia from way back in March, it was like the 4th post on MTN
Some times good things take a bit of time,
Not holding though got off @ $1.20ish level, no regrets as money has been put to good use since
YOUNG_TRADER said:
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Re: MTN - Marathon Resources
$1.5 EV/lb JORC resources, can anyone find another close one? Looks like stone-age valuation.
$1.5 EV/lb JORC resources, can anyone find another close one? Looks like stone-age valuation.
Sean K
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Re: MTN - Marathon Resources
I see from one of their past anns in regard to the Paralana Mineral System at Mt Gee that they were using a 500ppm cut off in a resource estimate of 45m lbs! I wonder what it would be if they dropped that back to a 250ppm cut off?
It's got to have another period of consolidation soon. Surely.
When will you reconsider it YT? Hard to get back in at this stage isn't it. Seems to have run too hard. I'm even thinking of taking some off the table soon. I suppose it depends on relative price movements etc, but the resource they have here looks pretty impressive.YOUNG_TRADER said:
I see from one of their past anns in regard to the Paralana Mineral System at Mt Gee that they were using a 500ppm cut off in a resource estimate of 45m lbs! I wonder what it would be if they dropped that back to a 250ppm cut off?
It's got to have another period of consolidation soon. Surely.
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Re: MTN - Marathon Resources
Anyone listened the audio on boardroom.com? My sixth-sense tell me that Cosby might "vary the term of offer".
Just my pure speculation, no fact.
If can heard it too, let me know.
Anyone listened the audio on boardroom.com? My sixth-sense tell me that Cosby might "vary the term of offer".
Just my pure speculation, no fact.
If can heard it too, let me know.
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Re: MTN - Marathon Resources
My thoughts exactly, they can't honestly expect that anyone is going to take up their offer. It doesnt look like they are going to increase their price either as previously suggested, their offer price is about 60% lower than the current market price, and it only seems to keep going up.
My thoughts exactly, they can't honestly expect that anyone is going to take up their offer. It doesnt look like they are going to increase their price either as previously suggested, their offer price is about 60% lower than the current market price, and it only seems to keep going up.
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Re: MTN - Marathon Resources
Why would they even bother extending their offer when the share price is trading at more than $1 over their offer price?
Why would they even bother extending their offer when the share price is trading at more than $1 over their offer price?
Re: MTN - Marathon Resources
Yeah now that I think of it... It really could be dummy bidding... every time the stock jumps up alot Buttermere comes out with a ridiculous bid... Why? Probably to shake the day traders and short termers out of the tree... It's just a theory but it certainly seems to work... It also alows the company to reinvest in itself to make extra dough maybe... That's the only reason I can come up with...
What I just wrote is purely fictional and only for entertainment purposes
insider said:Maybe it's a kind of dummy bidding... like at an auction... your guess is as good as mine
Yeah now that I think of it... It really could be dummy bidding... every time the stock jumps up alot Buttermere comes out with a ridiculous bid... Why? Probably to shake the day traders and short termers out of the tree... It's just a theory but it certainly seems to work...
It also alows the company to reinvest in itself to make extra dough maybe... That's the only reason I can come up with...What I just wrote is purely fictional and only for entertainment purposes
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Re: MTN - Marathon Resources
Even David Tweed is more generous.
Even David Tweed is more generous.
Sean K
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Re: MTN - Marathon Resources
That takeover offer from Butterbrains at $0.86 ish is looking tempting for MTN holders I reckon. LOL.
Hardly any volume today, no one wants to sell - or is that, no one wants to buy??
What an awesome chart. Surely this has to consolidate at some point.
Market cap still only $97m ish is pretty undemanding for the resource wouldn't you think? Say, compared to SMMs $540m ish. They don't have 5 x the potential resource??? Is that right?
That takeover offer from Butterbrains at $0.86 ish is looking tempting for MTN holders I reckon. LOL.
Hardly any volume today, no one wants to sell - or is that, no one wants to buy??
What an awesome chart. Surely this has to consolidate at some point.
Market cap still only $97m ish is pretty undemanding for the resource wouldn't you think? Say, compared to SMMs $540m ish. They don't have 5 x the potential resource??? Is that right?
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Re: MTN - Marathon Resources
On EV/LB Resources basis, MTN is still the cheapest. Compare with the peers, it maybe worth north of $8 if there is no more placement. I think the expectation is building for the assay results. The company hinted it is in line with the estimation already. Let's see.
I still like the factor that the newly appointed director spend $200,000 own money buying MTN when the share price is rising. Pretty rare for a junior mining company's director. Usually they just wait to get freebies, but not Mr Wood.
On EV/LB Resources basis, MTN is still the cheapest. Compare with the peers, it maybe worth north of $8 if there is no more placement. I think the expectation is building for the assay results. The company hinted it is in line with the estimation already. Let's see.
I still like the factor that the newly appointed director spend $200,000 own money buying MTN when the share price is rising. Pretty rare for a junior mining company's director. Usually they just wait to get freebies, but not Mr Wood.
Re: MTN - Marathon Resources
what about the discount for the fact it is heritage listed? So many barriers to mining, chances are it will miss the u boom. have people forgotten this? see earlier posts?
You need production to make money. in the ground is useless
what about the discount for the fact it is heritage listed? So many barriers to mining, chances are it will miss the u boom. have people forgotten this? see earlier posts?
You need production to make money. in the ground is useless
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Re: MTN - Marathon Resources
The market has factored in this false impression that Mt GEE cannot be mined because of heritage. At the same time, it create the biggest unique opportunity to jump on this uranium train with dirty cheap price.
MTN has four times of resources than NEL, but NEL's EV is more than twice of MTN. you figure it out. By apply NEL's valuation, MTN should worth north of $16.
blobbob said:
The market has factored in this false impression that Mt GEE cannot be mined because of heritage. At the same time, it create the biggest unique opportunity to jump on this uranium train with dirty cheap price.
MTN has four times of resources than NEL, but NEL's EV is more than twice of MTN. you figure it out. By apply NEL's valuation, MTN should worth north of $16.