Australian (ASX) Stock Market Forum

Re: MTN - Marathon Resources

More info, have highlighted the key bits, you had me a tee bit worried when you first posted, you must be careful with your wording old boy, the National Heritage list and the Register of National Estate are very different things


YOUR PLACE MAY BE ENTERED IN THE REGISTER OF THE NATIONAL ESTATE

WHAT DOES THAT MEAN?

The Register of the National Estate is Australia's national inventory of natural and cultural heritage places which are worth keeping for the future. It is compiled by the Australian Heritage Commission-the Commonwealth Government's adviser on the National Estate.

There are now more than 12 000 natural, historic and indigenous places in the Register. They come from all parts of Australia and are owned variously by Commonwealth, State and local governments, by businesses, voluntary and other organisations and by private individuals. All places entered in the Register are strictly assessed against publicly available criteria outlining national estate values.

What does it mean if you're a private owner and your property is placed in the Interim List of the Register of the National Estate, or finally entered in the Register?

Direct benefits to owners

Firstly, listing in the Register means that your place has heritage value and has met various criteria of national estate significance. Details of these criteria are in another Background Note. Copies of the 'statement of significance' from the Register database, which outlines the special national estate values of your property, are sent to you when the Commission lets you know it intends to enter your place in the Register. Information on registered places is also available on the internet (http:/www.ahc.gov.au).

Not a land management decision

Entry in the Register of the National Estate is not a land management decision. The way in which private, State and local government owners manage their national estate properties is not directly affected by listing. The Commission does not manage places in the Register
and entry in the Register does not give the Commonwealth Government any rights to acquire, manage, or enter places which are private property.

No legal constraints on private owners

Entry of their property in the Register does not place any direct legal constraints on the actions of owners of private property. Owners of registered places are not required to change the way in which they manage, maintain, or dispose of, their property. Entry in the Register does not mean that owners have to give any public right of access to registered properties.


Commonwealth Government constrained by heritage listing

The Commonwealth Government is the only body whose actions are constrained as a result of listings in the Register of the National Estate.












Each place in the List is assessed by the Australian Heritage Council as having national heritage values which can be protected and managed under a range of Commonwealth powers. A place entered in the National Heritage List is a national heritage place.

Places on the list are protected under the Environment Protection and Biodiversity Conservation Act 1999. This requires that approval is obtained before any action takes place which has, will have, or is likely to have, a significant impact on the national heritage values of a listed place. Proposals for actions which could affect such values will be rigorously assessed.
 
Re: MTN - Marathon Resources

Price edging up ever so slowly after huge volatility from placements,

More importantly its getting very very close to drilling results from Mt Gee,

Also Kgee, did you see my 2 previous posts re Mt Gee and heritage, copy them and put them on that other forum where the debate is ragging, interested to know what they have to say
 
Re: MTN - Marathon Resources

Thanks for your good work in clarifying the issue, Young Trader. I was getting a bit worried but you have restored the confidence I had with MTN as one of the better Uranium stock.

Cheers,
MC
 
Re: MTN - Marathon Resources

Yes a big thanks young trader I will do as you suggest and will get back if there are any interesting developments ,as well if my other inquiries turn up I will do like wise
Of note the real reason that I'm doing so much research is that my last name is Gee and for some reason when I saw MTN i thought this must be fate and wanted to jump straight in...which probably scared me more than when I have made my previous investments...so I'm not trying to be a scare mongerer its just with this stock the more I have dug the more red flags have appeared
thanks again
Ps I've stocks in AZA and EDN any comments
 
Re: MTN - Marathon Resources

Chart looks to be building strongly for a huge up-surge and drilling results are out by the end of the month, coincidence? I don't think so
 
Re: MTN - Marathon Resources

YOUNG_TRADER said:
Chart looks to be building strongly for a huge up-surge and drilling results are out by the end of the month, coincidence? I don't think so


Don't miss the rocket, its at T minus 10 or so days to lift off!!!!!!!

jUST IMAGINE WHAT A CONFIRMATION OF A 55m lb + Uranium Deposit @ 500ppm cut-off will do for a company with a mkt Cap of like $40m in todays Uranium Environment!!!!!! :D
 
Re: MTN - Marathon Resources

YOUNG_TRADER said:
IMO (and I could be wrong but time shall tell) MTN will trade at $1.50 in the next 4-6weeks, so thats my call


Still hold strongly to this belief, although its now 3-5weeks
 
Re: MTN - Marathon Resources

Few decent sized buy orders on the bid side this morn, $45k +

Mkt waking up to this sleeping bull?

Or Drilling results?

Time will tell ;)
 
Re: MTN - Marathon Resources

Ahhh profit takers emerge,

was freakin out, at one stage there was like 10,000 on the sell side and that was it!!!!!!!!
 
Re: MTN - Marathon Resources

Hi everyone,

Our family are very happy owners of Marathon shares. :p: To date, 353% increase in price since listing in March 2005! And they have a lot of momentum left (we think they're just warming up).

Just for the record, the Paralana ore system (10km) long, which consists of 3 rich uranium deposits, namely Armchair-Streitberg, Hodgkinson and Mt Gee are located some 50km from a national park and are located on a privately owned ex sheep station, namely Arkoroola Station (owned and managed by local family for many years). The main form of income for that property is tourism (backpackers, etc.). The area for the possible future mine is situated on a designated conservation area and there is absolutely no heritage restrictions or native title/claim that we are aware of. :)

Drilling continues at Mt Gee - 3 to 4 of the 6 holes are complete, and we hope, like every other happy Marathon investor, that the assay results become available any day now.

We did our investment homework very carefully. For the time being, the Marathon team is small, but very experienced. It's only a matter of 'when' not 'if' this team will be expanding.

We believe that this resource is extremely large, and what has been drilled in the past, some 70km of core and what is being drilled now and in the future will proved beyond doubt that this is a world-class uranium resource.

We have looked at all the other uranium stocks in Western Australia, Northern Territory, Queensland, and Namibia (Paladin Resources). Marathon Resources' Mt Gee deposit is shaping up to be better than any of the above. Now's the time to get on board, especially as the political climate is starting to favour the exploration, mining, and exporting to China and India.

Be careful when you look at companies that they just don't talk about supposedly uranium-rich tenements - this is risky speculation. The proof of the pudding is visual pitchblende, and when the geiger counter ticks wildly over large mineralised drillcore intersections. This is what Marathon has had and looks forward to seeing a lot more of.
 
Re: MTN - Marathon Resources

Hey Theo, if you check all of my extensive posts you will see that I agree with what you have said completely and can back up your statements,


I still can't believe how much the mkt discounts this stock,

@ 500ppm cut off = 55m lbs U3O8 which @ $2.65 per lb = $150m = $3 MTN

@ 300ppm cut off = 75m lbs U3O8 which @ $2.65 per lb = $200m = $4 MTN


I would be very suprised if A Canadian doesn't swallow this up, they can pay up to $2 for it and its still a bargain,
 
Re: MTN - Marathon Resources

YOUNG_TRADER said:
Hey Theo, if you check all of my extensive posts you will see that I agree with what you have said completely and can back up your statements,


I still can't believe how much the mkt discounts this stock,

@ 500ppm cut off = 55m lbs U3O8 which @ $2.65 per lb = $150m = $3 MTN

@ 300ppm cut off = 75m lbs U3O8 which @ $2.65 per lb = $200m = $4 MTN


I would be very suprised if A Canadian doesn't swallow this up, they can pay up to $2 for it and its still a bargain,

Hi how did u get $2.65?

thx

MS
 
Re: MTN - Marathon Resources

$2.65 was the old mkt EV per lb avg see the patersons report was $2.65

The current mkt EV per lb is about $3.50 see the RCR report

Its pretty simple, you simply list the current Uranium companies with their depostis and get their avg EV for a mkt EV, I do this for Oil companies for Gold companies, ie for example a good EV per ounce gold is $25 - $50 as the project moves closer to cash flow/development this rises,

Also many factors such as margins, profitability and so on effect the individual companies EV, for example PDN is on an EV of $5 per lb, but it is very close to production,

I'd say that at least $2 ev per lb, minimum should apply to MTN, (the low $2 because its in S.A.)



Hmmm I can't upload the report there too large,

well go to http://www.allianceresources.com.au/
the patersons report is on the left hand side dated 16/2/06

then go to http://rcresearch.com.au/documents/Look at the March review
 
Re: MTN - Marathon Resources

Hmmmm looks like results are in as MTN powers ahead on an otherwise slow day for Uranium
 
Re: MTN - Marathon Resources

Just realised why stock is powering ahead,

They are presenting tomorrow at the Pay Dirt conference, so all the smart players are realising that tomorrow they will re-announce previous JORC ann of 55m lbs - 75m lbs U3O8

Wait till that hits the mkt tomorrow
 
Re: MTN - Marathon Resources

Tick Tock Tick Tock, the eerrriee quiet before the storm,

They are presenting @ the conference @ 11.40am, I expect to see stock trade weak until they have finished presenting and with any luck there presentation will be an ASX ann,

I hope they do an EV per lb Uranium comparison to show just how undervalued they are
 
Re: MTN - Marathon Resources

sitting near the lows for the day...

what did they say at the conference today???
 
Re: MTN - Marathon Resources

Not sure, they haven't released a presentation yet,

I think today was just profit takers, traders and nervous punters, as far as I am concerned I will hold this stock for as long as it takes for a take over bid to come from a company like Mega, or Teck Caminco etc

The company has been far too quiet and far too well behaved, unlike other companies who have been releasing random Uranium ann, they have been quite, I think that they are in discussions with someone hence why they are keeping so quiet, but thats just my point of view,

Like I said I'm gonna hold, and wait for $2

Everyone else make up your own mind what you will do
 
Re: MTN - Marathon Resources

For the last 2 or so months I have been going on about Marathon Resources and their potential,

I felt a bit better when a Patersons report named MTN as "the most compelling buy in the Uranium Sector"


I am now happy to add that Fat Prophets has joined the ranks,


I found this article in the weekend Australian which shows Fat Prophets are now backing Marathon as a clear favourite in the Uranium Sector,



WEALTH


Resource minnows worth fishing for
Look beyond the majors for investment thrills, writes Robin Bromby
--------------------------------------------------------------------------------

April 01, 2006


Uranium has investors running hot at the moment, even though most of the projects are years away from production.

Most analysts believe the uranium story has been overbought, but Fat Prophets analyst Gavin Wendt has a clear favourite in Marathon Resources.
"The company is one of only a handful of Australian uranium hopefuls that, in our view, have a meaningful prospect of achieving mining status," says Wendt.
The stock hit a new intraday high of $1.17 yesterday, about double what it was in February.

Wendt says two things differentiated Marathon from most uranium hopefuls. First, it possessed a large identified resource; second, its resource was located in South Australia, a state sympathetic to uranium mining.
 
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