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Re: MTN - Marathon Resources
2.95? otherwise 2.40?
insider said:
2.95? otherwise 2.40?
NRZ - NeuRizer Ltd
- Thread starter Mistermoon
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Re: MTN - Marathon Resources
These last few posts bring to mind visions of Clive Dunn in Dad's Army exhorting people to "don't panic, don't panic!".
I'm a holder of MTN (15,000 shares) and will continue to be unless proven a lot more wrong than one day's fall. After such a runup, a pull-back is to be expected. I think there's a much greater chance of losing money by being short uranium stocks than by being long. For the record, I also have NEL, SMM, EME and URL that I just bought a couple of days ago.
These last few posts bring to mind visions of Clive Dunn in Dad's Army exhorting people to "don't panic, don't panic!".
I'm a holder of MTN (15,000 shares) and will continue to be unless proven a lot more wrong than one day's fall. After such a runup, a pull-back is to be expected. I think there's a much greater chance of losing money by being short uranium stocks than by being long. For the record, I also have NEL, SMM, EME and URL that I just bought a couple of days ago.
Re: MTN - Marathon Resources
Halba we have asked people like you who mention crap like this to be specific. Please show us the specific facts/ articles/announcements etc to back up your claims.
There are many professionals out there who will argue your point and Fat Prophets are one of them and they are extremely fussy on their Uranium recommendations.
Show us the facts. Not your uninformed opinions.
Thanks
Champ
Halba said:
Halba we have asked people like you who mention crap like this to be specific. Please show us the specific facts/ articles/announcements etc to back up your claims.
There are many professionals out there who will argue your point and Fat Prophets are one of them and they are extremely fussy on their Uranium recommendations.
Show us the facts. Not your uninformed opinions.
Thanks
Champ
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Re: MTN - Marathon Resources
One piece of land can either be national park/natural reserve or explorable/mineable. They cannot be both.
Residential land could be part of exploration/mining lease. But national park/natural reserve cannot.
In terms of MTN, Actually there is a nation park nearby. But Mt Gee is not part of it. The national park is adjacent to AGS's EPL, and AGS's EPL encircles the whole MTN's Mt Gee EPL.
The aboriginal rite sites is not necessarily limited to national park, or crown land, it could be on any land, including private owned farms. (I believe it is excluded from you backyard, but could on a public park).
Like any company, MTN has to deal with aboriginal issue before exploring and mining. It is a standard operation procedure. It is the risk for MTN only, it could be any companies, such as SMM, AGS, AEE, NEL, CUY.....
One piece of land can either be national park/natural reserve or explorable/mineable. They cannot be both.
Residential land could be part of exploration/mining lease. But national park/natural reserve cannot.
In terms of MTN, Actually there is a nation park nearby. But Mt Gee is not part of it. The national park is adjacent to AGS's EPL, and AGS's EPL encircles the whole MTN's Mt Gee EPL.
The aboriginal rite sites is not necessarily limited to national park, or crown land, it could be on any land, including private owned farms. (I believe it is excluded from you backyard, but could on a public park).
Like any company, MTN has to deal with aboriginal issue before exploring and mining. It is a standard operation procedure. It is the risk for MTN only, it could be any companies, such as SMM, AGS, AEE, NEL, CUY.....
Re: MTN - Marathon Resources
The truth about aboriginal rites to land is usually the aboriginals allow mining in the area in return for royalties.
The reality about mining is that there is nearly no control when it's under ground... we can mine under people's houses, you just can't damage them...
so keeping that in mind, just so long as the damage is not cosmetic or if there is any you must replace, there shouldn't be any real issues when it comes to tunneling...
And if there is a problem just remember; Everything has a price!!!
The truth about aboriginal rites to land is usually the aboriginals allow mining in the area in return for royalties.
The reality about mining is that there is nearly no control when it's under ground... we can mine under people's houses, you just can't damage them...
so keeping that in mind, just so long as the damage is not cosmetic or if there is any you must replace, there shouldn't be any real issues when it comes to tunneling...
And if there is a problem just remember; Everything has a price!!!
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Re: MTN - Marathon Resources
Hi Guys,
Below is a link to the Mt Painter Region and includes a general history of the area and the mining thats gone on there in the past.
There is a mention of the area being a sanctuary but also says the "MPI (Mount Painter Inlier) is an excellent example of conservation and tourism operating side-by-side with active mineral exploration".
The only thing that would worry me is the terrain.
Anyhow check it out if interested.
cheers
http://www.pir.sa.gov.au/pages/minerals/references/mesa_journal/mj_38/mj38_mt_painter.pdf
Hi Guys,
Below is a link to the Mt Painter Region and includes a general history of the area and the mining thats gone on there in the past.
There is a mention of the area being a sanctuary but also says the "MPI (Mount Painter Inlier) is an excellent example of conservation and tourism operating side-by-side with active mineral exploration".
The only thing that would worry me is the terrain.
Anyhow check it out if interested.
cheers
http://www.pir.sa.gov.au/pages/minerals/references/mesa_journal/mj_38/mj38_mt_painter.pdf
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Re: MTN - Marathon Resources
MTN get smashed today another stock falling from as high as $3.50 to $2.85
MTN get smashed today another stock falling from as high as $3.50 to $2.85
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Re: MTN - Marathon Resources (bid by Buttermere)
When MTN's value could be only $0.68, you could be a very rich guy, so keep hoping.kerosam said:
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Re: MTN - Marathon Resources
what a joke when you consider only 43 m shares..
I might take day off and go see Peter Williams down George street Tomorrow for lunch and put in an offer myself lol . Maybe ask for a job too since i like Uranium so much
don't think get much work done tomorrow as looking to buy more if rebound from resistance 2.80.
what a joke when you consider only 43 m shares..
I might take day off and go see Peter Williams down George street Tomorrow for lunch and put in an offer myself lol . Maybe ask for a job too since i like Uranium so much
don't think get much work done tomorrow as looking to buy more if rebound from resistance 2.80.
Realist
Billie Jean is not my lover
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Re: MTN - Marathon Resources
MTN is getting beaten like a red headed step child today.
Down to $2.56.
I too have received about 5 letters from Buttermere.
I seriously considered selling all my shares for 0.68 when they were $3.20.......Not.
David Tweed or whatever his name is would not even try that one!
MTN is getting beaten like a red headed step child today.
Down to $2.56.
I too have received about 5 letters from Buttermere.
I seriously considered selling all my shares for 0.68 when they were $3.20.......Not.
David Tweed or whatever his name is would not even try that one!
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Re: MTN - Marathon Resources
Fear dominate MTN for last three days, just like greed did last week. People just speculating all kind of things. People who read chart set a lot of stop loss marks, when it hit, it can sell share to you at any price, Virtually could be lower than $0.68. For the same reason, when stock moves up, when it hit the buy high limit, the stock could be skyrocketing in a very short period of time.
That contribute to the big swing of MTN and all uranium stocks. It can easily be manipulated by big guys, who just need to read chart, test the stop loss, support level, or buy limit, resistance level, then everyone dancing around.....
Chartist did make a good money, but if you can read chartist, I guess you can make more money.
Fear dominate MTN for last three days, just like greed did last week. People just speculating all kind of things. People who read chart set a lot of stop loss marks, when it hit, it can sell share to you at any price, Virtually could be lower than $0.68. For the same reason, when stock moves up, when it hit the buy high limit, the stock could be skyrocketing in a very short period of time.
That contribute to the big swing of MTN and all uranium stocks. It can easily be manipulated by big guys, who just need to read chart, test the stop loss, support level, or buy limit, resistance level, then everyone dancing around.....
Chartist did make a good money, but if you can read chartist, I guess you can make more money.
Re: MTN - Marathon Resources
I hope you don't have a red headed step child!
It is a bit annoying seeing it so low because my urge was to sell at $3.20 before it fell further and then buy more but then I wouldn't get CGT for another year... ARRRRG
LMFAORealist said:MTN is getting beaten like a red headed step child today.
Down to $2.56.
I too have received about 5 letters from Buttermere.
I seriously considered selling all my shares for 0.68 when they were $3.20.......Not.
David Tweed or whatever his name is would not even try that one!
I hope you don't have a red headed step child!It is a bit annoying seeing it so low because my urge was to sell at $3.20 before it fell further and then buy more but then I wouldn't get CGT for another year... ARRRRG
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Re: MTN - Marathon Resources
Buttermere (aka Crosby Capital Partners) are the same mob who put in a lowball bid for Tethyan copper, with the bid price always a few cents below the market price. Not surprisingly, eventually somebody else was successful in buying Tethyan. No doubt MTN, NEL, SMM and anybody else with a JORC Uranium resource will eventually get taken out by one of the bigger companies. RPT and VUL have already gone in the last 12 months.
Buttermere (aka Crosby Capital Partners) are the same mob who put in a lowball bid for Tethyan copper, with the bid price always a few cents below the market price. Not surprisingly, eventually somebody else was successful in buying Tethyan. No doubt MTN, NEL, SMM and anybody else with a JORC Uranium resource will eventually get taken out by one of the bigger companies. RPT and VUL have already gone in the last 12 months.