NRZ - NeuRizer Ltd

insider · 18 December 2006

Re: MTN - Marathon Resources

1.58... Very Nice... Still MTN is soooooo undervalued...

mmmmining · 18 December 2006

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.

Plan B · 21 December 2006

Re: MTN - Marathon Resources

Come on $1.70........ Toot .....Toot..

sellers are very thin ATM..... I think they are all hiding....:hide: lol

Sean K · 21 December 2006

Re: MTN - Marathon Resources

LOL, someone bought 2 shares at $1.70. Ha!

That takeover offer at, what $0.68?, must be looking like a good offer!

Would like some further consolidation soon. This blue sky stuff worries me. The harder the run, blah blah........

Plan B · 21 December 2006

Re: MTN - Marathon Resources

kennas said:
LOL, someone bought 2 shares at $1.70. Ha!

It wasn't me......lol......I think whoever it was had a chuckle to themselves.....lol

YOUNG_TRADER · 21 December 2006

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

YOUNG_TRADER said:
All Aboard and quick,

If you have a look at the following Uranium Explorers you will notice some sharp price appreciations lately, EME NEL BKY MOX UXA UNX GBE

Now take a look at MTN, I think it hasn't been properly sighted by the market,
Its mkt cap is less than half of NEL it it boasts a deposit in S.A which is better than W.A. its deposit (using a higher cut off grade of 500ppm) is 4x the size.

Look at this EV per lb UR08 of Companies, the avg is $2.65 MTN's is $0.26 per lb

http://www.allianceresources.com.au...0Feb 2006.pdf

What does it all mean?
HMR was bought by Mega Uranium for $20m and its a pure exploration play, at current prices MTN can be T/O where the bidder is paying 26c per lb of U308, they could even pay up to $1 per lb and it would still be cheap, IMO once MTN releases its fully JORC Compliant Resource its mkt cap has to be around 2-3x more than what it is currently or it is a very very attractive take over target

Its deposit (using 500ppm cutoff) of 30Mt @ 0.07% = 21,000 t U3O8 which would make it the 12-15th Largest Uranium Deposit in the World, I bet that would make companies take notice

mmmmining · 21 December 2006

Re: MTN - Marathon Resources

$1.5 EV/lb JORC resources, can anyone find another close one? Looks like stone-age valuation.

Sean K · 21 December 2006

Re: MTN - Marathon Resources

YOUNG_TRADER said:
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

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.

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.

mmmmining · 21 December 2006

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.

Plan B · 22 December 2006

Re: MTN - Marathon Resources

Please stop...... my sides are hurting from laughing so hard....

deftfear · 22 December 2006

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.

JimBob · 22 December 2006

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?

insider · 22 December 2006

Re: MTN - Marathon Resources

Maybe it's a kind of dummy bidding... like at an auction... your guess is as good as mine

insider · 22 December 2006

Re: MTN - Marathon Resources

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

mmmmining · 22 December 2006

Re: MTN - Marathon Resources

Even David Tweed is more generous.

Sean K · 28 December 2006

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?

mmmmining · 28 December 2006

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.

Halba · 30 December 2006

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

blobbob · 30 December 2006

Re: MTN - Marathon Resources

Halba said:
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

If it was herritage listed they would''nt be able to drill there!!
has a better chance of mining than Summit IMO.

mmmmining · 30 December 2006

Re: MTN - Marathon Resources

blobbob said:
If it was herritage listed they would''nt be able to drill there!!
has a better chance of mining than Summit IMO.

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.

NRZ - NeuRizer Ltd

insider

mmmmining

Plan B

Sean K

Moderator

Attachments

Plan B

YOUNG_TRADER

mmmmining

Sean K

Moderator

mmmmining

Plan B

Attachments

deftfear

JimBob

insider

insider

mmmmining

Sean K

Moderator

Attachments

mmmmining

Halba

blobbob

mmmmining

NRZ - NeuRizer Ltd

Moderator

Attachments

Moderator

Attachments

Moderator

Attachments

Privacy & Transparency

Privacy & Transparency