NRZ - NeuRizer Ltd
- Thread starter Mistermoon
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Re: MTN - Marathon Resources
MTN finally held on a good day, havent seen this since it's ann. WOW!
Chart still looks great, still above the trend and the 20 day MA.
MACD coming up.
Yes I sold in during the correction (Was it even a correction?)
Shame on me!
But i'm sure i'm not the only one, will learn from this though, trust the charts and the indicators.
Thumbs up to who ever held....
MTN finally held on a good day, havent seen this since it's ann. WOW!
Chart still looks great, still above the trend and the 20 day MA.
MACD coming up.
Yes I sold in during the correction (Was it even a correction?)
Shame on me!
But i'm sure i'm not the only one, will learn from this though, trust the charts and the indicators.
Thumbs up to who ever held....
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Re: MTN - Marathon Resources
Yes I sold in during the correction (Was it even a correction?)
Shame on me!
Pat,
It's never wrong to be stopped out on a stock that seems to be going against you at that point in time. The market does not care how much you may personally like a particular stock.
Hindsight always occurs after the fact!!
Those who don't use stops are just waiting to learn the lesson the hard way- I did!
Yes I sold in during the correction (Was it even a correction?)
Shame on me!
Pat,
It's never wrong to be stopped out on a stock that seems to be going against you at that point in time. The market does not care how much you may personally like a particular stock.
Hindsight always occurs after the fact!!
Those who don't use stops are just waiting to learn the lesson the hard way- I did!
Re: MTN - Marathon Resources
there certainly is a place for stops...
but for volatile stocks like these, i find its better to consider the trend...
i.e. sell when the trend changes.
in this case, i didn't think the trend changed, unless it closed under 1.80, hence i didn't sell.
The risk is tho you must be willing to loose more than your normal stop loss limits.
there certainly is a place for stops...
but for volatile stocks like these, i find its better to consider the trend...
i.e. sell when the trend changes.
in this case, i didn't think the trend changed, unless it closed under 1.80, hence i didn't sell.
The risk is tho you must be willing to loose more than your normal stop loss limits.
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Re: MTN - Marathon Resources
We still need some strong news and more substantial results from the drillings to underline the possible value that might develope here.
AND the IR hould be much more active - since even Monaro is in Europe to create some contacts.
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"Der Letzte zahlt die Rechnung, meine Herren!"
We still need some strong news and more substantial results from the drillings to underline the possible value that might develope here.
AND the IR hould be much more active - since even Monaro is in Europe to create some contacts.
-------------
"Der Letzte zahlt die Rechnung, meine Herren!"
Re: MTN - Marathon Resources
Just thought i'd give an update on MTN. Not alot of comments recently. I can understand why. Steady as a rock.
Here the chart for MTN. As you can see, general trend is up. Previous resistance was at $2.10. Broke that a couple of days ago. MACD is also looking good. Volume is pretty much the same for as long as i could remember. A thinly traded stock. That's understandable with a small market cap.
There won't be alot of suprises for the future for MTN. I think it will be a slow & steady climb all the way to whatever the fair value is for this stock. (Look at the EV/lb U308).
I think it will continue to go up with one of the best fundamentals in the U sector. (regardless whether its an instu leech mine or not, the fundamentals are still great!) The lead up to the possible change in policy in April will give the sp abit of a boost as with all Aus U stocks. Besides that, i don't think there will be too many suprises. Patient holders will be rewarded.
Just thought i'd give an update on MTN. Not alot of comments recently. I can understand why. Steady as a rock.
Here the chart for MTN. As you can see, general trend is up. Previous resistance was at $2.10. Broke that a couple of days ago. MACD is also looking good. Volume is pretty much the same for as long as i could remember. A thinly traded stock. That's understandable with a small market cap.
There won't be alot of suprises for the future for MTN. I think it will be a slow & steady climb all the way to whatever the fair value is for this stock. (Look at the EV/lb U308).
I think it will continue to go up with one of the best fundamentals in the U sector. (regardless whether its an instu leech mine or not, the fundamentals are still great!) The lead up to the possible change in policy in April will give the sp abit of a boost as with all Aus U stocks. Besides that, i don't think there will be too many suprises. Patient holders will be rewarded.
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Re: MTN - Marathon Resources
Who let the dog out?
If the drilling results really match the company's resources modeling, it will be fantastic! On peer's EV/lb resources basis, such as SMM, and EME, It is a $12-$20 dollars stock! Am I wrong in calculation? You can prove it.
Mt Gee is only one of the deposit in the Paralana Mineral System which has JORC resources. There are several satellite deposits, such as Radium Ridge, Mt Painter, East Painter, Armchair, Streitberg, and Hodgkinson.
New director Dennis Wood's $200,000 is well spent, his paper profit is worth more than $150,000 in six weeks. It just shows you how strong the buying signal is when a small company's director spend a lot of his/her own money buying stock!
Who let the dog out?
If the drilling results really match the company's resources modeling, it will be fantastic! On peer's EV/lb resources basis, such as SMM, and EME, It is a $12-$20 dollars stock! Am I wrong in calculation? You can prove it.
Mt Gee is only one of the deposit in the Paralana Mineral System which has JORC resources. There are several satellite deposits, such as Radium Ridge, Mt Painter, East Painter, Armchair, Streitberg, and Hodgkinson.
New director Dennis Wood's $200,000 is well spent, his paper profit is worth more than $150,000 in six weeks. It just shows you how strong the buying signal is when a small company's director spend a lot of his/her own money buying stock!
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Re: MTN - Marathon Resources
How far she's come since my first posts on her back in March 06, oh how unloved she was then at 60c
How far she's come since my first posts on her back in March 06, oh how unloved she was then at 60c
YOUNG_TRADER said:
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Re: MTN - Marathon Resources
Look what happens when i go away for the day....lol
Market cap still only $142 million at share price $2.85
So what is going to happen after April 2007 labour conference????
Look what happens when i go away for the day....lol
Market cap still only $142 million at share price $2.85
So what is going to happen after April 2007 labour conference????
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Re: MTN - Marathon Resources
Yet another offer extension today from Buttermeres to take the stock off your hands for 68c !
:screwy:
Yet another offer extension today from Buttermeres to take the stock off your hands for 68c !
:screwy:
Re: MTN - Marathon Resources
My slow & steady prediction was totally wrong. But hey, who am i to complain....
Anyways, comparing this to other U stocks & their EV/lb ratio, (around $5 being the market standard) this stock has still a fair way to run yet. A technical breakout plus good fundamental supporting this breakout is a very good sign me.
Current EV/lb = $2, SP = $2.80
U sector = $5
You do the maths.......
My slow & steady prediction was totally wrong. But hey, who am i to complain....
Anyways, comparing this to other U stocks & their EV/lb ratio, (around $5 being the market standard) this stock has still a fair way to run yet. A technical breakout plus good fundamental supporting this breakout is a very good sign me.
Current EV/lb = $2, SP = $2.80
U sector = $5
You do the maths.......
Re: MTN - Marathon Resources
To do the maths is nice but as was stated above there are different types of resources and more importantly types of mining them. To simply take a ratio of price per lib from another company and use it as a comparison for another is not very sophisticated...
I sold half of my holding today unfortunately in early morning for 2.55 which I bought @ 1$ not long ago. It was meant to be my second short... Again as with ERA (my first) the short seems not to bring any profit... But patient is my second name (hahahahaha).
This uranium bull seems to be unstoppable.
Going to have a nice dinner & red wine (which is very nice in Oz) thanx to MTN
Cheers!
To do the maths is nice but as was stated above there are different types of resources and more importantly types of mining them. To simply take a ratio of price per lib from another company and use it as a comparison for another is not very sophisticated...
I sold half of my holding today unfortunately in early morning for 2.55 which I bought @ 1$ not long ago. It was meant to be my second short... Again as with ERA (my first) the short seems not to bring any profit... But patient is my second name (hahahahaha).
This uranium bull seems to be unstoppable.
Going to have a nice dinner & red wine (which is very nice in Oz) thanx to MTN
Cheers!
Realist
Billie Jean is not my lover
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Re: MTN - Marathon Resources
Yeeouch, it closed at $2.85.
Mellow77 said:
Yeeouch, it closed at $2.85.
Re: MTN - Marathon Resources
Going for abit of a run this one. I think it will steadily increase till April's announcement on policy. Still alot of upside when you think the amount of resources they've got.
Glad i picked up this one before it ran. 40% in the last couple of weeks!
Going for abit of a run this one. I think it will steadily increase till April's announcement on policy. Still alot of upside when you think the amount of resources they've got.
Glad i picked up this one before it ran. 40% in the last couple of weeks!
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Re: MTN - Marathon Resources
MTN is out of control. It looks like the bias on MTN is gradually disappeared. People start to associate MTN with SMM, NEL, and EME. Still market cap. less than $200m, less than $3/lb resources, still the cheapest one amount the major juniors.
Funny to notice that NEL has the same SP ($3.25) today, and similar market cap (with much less cash $2m vs $8m though). but has less than 1/3 of the uranum resources (NEL 9000t vs MTN 31,255t).
Simply apply NEL's valuation, MTN's SP should be over $10!!! It explains why the steady and continues upwards of MTN's SP.
Another good thing is $8m in the bank will keep MTN running for a couple of years without dilute the share base.
I guess for whoever still not on the uranium express, MTN is still waiting for them on the station. But time is running out....
MTN is out of control. It looks like the bias on MTN is gradually disappeared. People start to associate MTN with SMM, NEL, and EME. Still market cap. less than $200m, less than $3/lb resources, still the cheapest one amount the major juniors.
Funny to notice that NEL has the same SP ($3.25) today, and similar market cap (with much less cash $2m vs $8m though). but has less than 1/3 of the uranum resources (NEL 9000t vs MTN 31,255t).
Simply apply NEL's valuation, MTN's SP should be over $10!!! It explains why the steady and continues upwards of MTN's SP.
Another good thing is $8m in the bank will keep MTN running for a couple of years without dilute the share base.
I guess for whoever still not on the uranium express, MTN is still waiting for them on the station. But time is running out....
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Re: MTN - Marathon Resources
MTN is still undervalued. This road train has another 100 % + Growth rate in it if you compare it to other shares in the Uranium sector like EME,AGS on Market Capitilisation / t u308 basis. I'm riding this BULL all the way to production . UP over 100% crazy , best performer by far in my Uranium Portfolio.
UraniumLover
MTN is still undervalued. This road train has another 100 % + Growth rate in it if you compare it to other shares in the Uranium sector like EME,AGS on Market Capitilisation / t u308 basis. I'm riding this BULL all the way to production . UP over 100% crazy , best performer by far in my Uranium Portfolio.
UraniumLover