NRZ - NeuRizer Ltd
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Re: MTN - Marathon Resources
Hitman,
May I ask what all this means?
hitmanlam said:
Hitman,
May I ask what all this means?
Re: MTN - Marathon Resources
MTN looks like forming an "Ascending triangle". This pretty much means increasing sellers near the $3.50 mark and not allowing the price to go above this price. Imagine a ceiling at $3.50. This is resistance. (horizontal line drawn at $3.50). However, buyers are building at lower prices resulting in the support price going up (bottom line going up). There is a struggle between seller & buyers with sellers increasing near $3.50 & increase buying below this price. This is what you see on the chart with the wedged-like shape forming.
So when price slowly creeps up to $3.50, what will happen you might ask? Either two things:
1) Bounce of resistance of $3.50 and price going lower.
2) Price 'breaks' through this resistance and continuing the uptrend.
In the case of MTN, price is going up, then pausing or slight retracing, then it could either going up or down. See the circles drawn.
Conclusion - Because it is an ascending triangle in an uptrend, it is "more likely" that price will continue its uptrend. The support line increasing below the horizontal resistance line is the signal! If is was a short-term trader, I would buy only above/pass the resistance e.g $3.60? More chance of price continuing. But don't take my word on it!!! DYOR.
Pat said:
MTN looks like forming an "Ascending triangle". This pretty much means increasing sellers near the $3.50 mark and not allowing the price to go above this price. Imagine a ceiling at $3.50. This is resistance. (horizontal line drawn at $3.50). However, buyers are building at lower prices resulting in the support price going up (bottom line going up). There is a struggle between seller & buyers with sellers increasing near $3.50 & increase buying below this price. This is what you see on the chart with the wedged-like shape forming.
So when price slowly creeps up to $3.50, what will happen you might ask? Either two things:
1) Bounce of resistance of $3.50 and price going lower.
2) Price 'breaks' through this resistance and continuing the uptrend.
In the case of MTN, price is going up, then pausing or slight retracing, then it could either going up or down. See the circles drawn.
Conclusion - Because it is an ascending triangle in an uptrend, it is "more likely" that price will continue its uptrend. The support line increasing below the horizontal resistance line is the signal! If is was a short-term trader, I would buy only above/pass the resistance e.g $3.60? More chance of price continuing. But don't take my word on it!!! DYOR.
Sean K
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Re: MTN - Marathon Resources
Certainly resistance at $3.50, but looks a pretty rough old ascending triangle....hitmanlam said:
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Re: MTN - Marathon Resources
Thanks for that Hitman...
Understand what a ascending triangle is, and yes a bit rough Kennas, but so am I.
However what are those "big" green circles indicating?
Just a sideways pattern?
Anyway, I see MTN continuing it's dream run, just come off the the top Bollinger band with the crazy panic sell for those 3 days... "crazy"! Last day had that MEGA volume, I jumped in for the run back up... But still don't trust this U bubble.
MACD still good with and maybe a bearish crossover but i'd say this is/was a result of the panic sell.
How high can it go, I sure as hell don't know
hitmanlam said:
Thanks for that Hitman...
Understand what a ascending triangle is, and yes a bit rough Kennas, but so am I.
However what are those "big" green circles indicating?
Just a sideways pattern?
Anyway, I see MTN continuing it's dream run, just come off the the top Bollinger band with the crazy panic sell for those 3 days... "crazy"! Last day had that MEGA volume, I jumped in for the run back up... But still don't trust this U bubble.
MACD still good with and maybe a bearish crossover but i'd say this is/was a result of the panic sell.
How high can it go, I sure as hell don't know
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Re: MTN - Marathon Resources
Like it or not, At this moment, MTN is both technical and fundamental sound. As a long-term believer and holder, it is just another milestone (touch wood). Share price up and down, I don't care.
I do congradulate fellow MTN holders.
Like it or not, At this moment, MTN is both technical and fundamental sound. As a long-term believer and holder, it is just another milestone (touch wood). Share price up and down, I don't care.
I do congradulate fellow MTN holders.
Re: MTN - Marathon Resources
I was just highlighting that MTN was in a period of consolidation. Profit-takers came in but the share price soon recovered, reaching new highs. Last couple of days, volume was fairly low. If i had more money, I would have topped up at close today. Bullish signal, it broke resistance, still good fundamentals & the historical chart shows that the sp is ready for another leg up.
Pat said:
I was just highlighting that MTN was in a period of consolidation. Profit-takers came in but the share price soon recovered, reaching new highs. Last couple of days, volume was fairly low. If i had more money, I would have topped up at close today. Bullish signal, it broke resistance, still good fundamentals & the historical chart shows that the sp is ready for another leg up.
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Re: MTN - Marathon Resources
Thanks mate.
I agree. MTN the black sheep, taken off like a rocket in the past 2-3 months..... WOW!!!!!
I just wish i held, stupid money emotions
Cheers.
hitmanlam said:
Thanks mate.
I agree. MTN the black sheep, taken off like a rocket in the past 2-3 months..... WOW!!!!!
I just wish i held, stupid money emotions
Cheers.
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Re: MTN - Marathon Resources
has anybody worked out what MTN is worth.
up another 9% last i looked today.
has anybody worked out what MTN is worth.
up another 9% last i looked today.
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Re: MTN - Marathon Resources
MTN has 69mlb JORC resrouces U3O8 in Mt Gee, plus another 13mlb non-JORC resources surround Mt Gee deposit in the EL3528, the Paralana Mineral System, including Mt Painter, East Painter, Radium Ridge, Armchair, Streitberg, and Hodgkinsen.
It contains the source rocks for the deposit in B4M, Honeymoon, Beverley deposits.
Fully diluted shares: 60m, the $8m cash in hand will prevent dilution.
Resources: 81mlb
At $3/lb It worth: $4.05
At $4/lb, It worth: $5.40
At $5/lb, It worth: $6.13 (assume 10% dilution)
At $6/lb, It worth: $7.36
At $7/lb, It worth: $8.59
At $8/lb, It worth: $8.93 (assume another 10% dilution)
At $9/lb, It worth: $10.04
At $10/lb, It worth: $11.16
Well, this is only one way to look at it. You might argue that MTN is not SMM, or PDN, or EME. That is right, MTN is not. This is why MTN is valued at low end, not high!
Also that is the beauty of MTN! Full of fear, not much greedy, an important formula for love and hate, and steady appreciation of share price.
Lets highlight the fear of MTN:
Has JORC resource without drilling a hole (Latest drilling results support the modeling)
Inside a National Park (totally false)
Heritage List (totally false)
Aboriginal land (which land is not?)
Environment issue (which mining project does not need to address it?)
Remote (has driveable road/trail to the site)
Water catchment (It is the old Wild Dog license near Adelaide, not Mt Gee, and MTN hand it back to SA government)
Fear comes and goes, eventually, the facts will decide the final price of MTN either by takeover, or operation of a uranium mine.
MTN has 69mlb JORC resrouces U3O8 in Mt Gee, plus another 13mlb non-JORC resources surround Mt Gee deposit in the EL3528, the Paralana Mineral System, including Mt Painter, East Painter, Radium Ridge, Armchair, Streitberg, and Hodgkinsen.
It contains the source rocks for the deposit in B4M, Honeymoon, Beverley deposits.
Fully diluted shares: 60m, the $8m cash in hand will prevent dilution.
Resources: 81mlb
At $3/lb It worth: $4.05
At $4/lb, It worth: $5.40
At $5/lb, It worth: $6.13 (assume 10% dilution)
At $6/lb, It worth: $7.36
At $7/lb, It worth: $8.59
At $8/lb, It worth: $8.93 (assume another 10% dilution)
At $9/lb, It worth: $10.04
At $10/lb, It worth: $11.16
Well, this is only one way to look at it. You might argue that MTN is not SMM, or PDN, or EME. That is right, MTN is not. This is why MTN is valued at low end, not high!
Also that is the beauty of MTN! Full of fear, not much greedy, an important formula for love and hate, and steady appreciation of share price.
Lets highlight the fear of MTN:
Has JORC resource without drilling a hole (Latest drilling results support the modeling)
Inside a National Park (totally false)
Heritage List (totally false)
Aboriginal land (which land is not?)
Environment issue (which mining project does not need to address it?)
Remote (has driveable road/trail to the site)
Water catchment (It is the old Wild Dog license near Adelaide, not Mt Gee, and MTN hand it back to SA government)
Fear comes and goes, eventually, the facts will decide the final price of MTN either by takeover, or operation of a uranium mine.
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Re: MTN - Marathon Resources
and it is worth lots if it can. have a nice day.
and it is worth lots if it can. have a nice day.
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Re: MTN - Marathon Resources
Halba, you just have added another fear on my list. very good, thank you.
To address your fear, I cannot only see you and me, and Mr market cannot control this. same to SMM, PDN, BMN, etc.
Keep hoping, while seeing this stock up and up, and losing the opportunity to make good money.
It is not easy to fight the market, and you never win. I learn the lesson.
Halba, also we need you, we still have people on the sideline. It is a very good bullish indicator that MTN is not at top yet.
As always, stock up and down, MTN might be down tomorrow, or even next week, or next month. As long as you believe the truth, who cares?
Halba said:
Halba, you just have added another fear on my list. very good, thank you.
To address your fear, I cannot only see you and me, and Mr market cannot control this. same to SMM, PDN, BMN, etc.
Keep hoping, while seeing this stock up and up, and losing the opportunity to make good money.
It is not easy to fight the market, and you never win. I learn the lesson.
Halba, also we need you, we still have people on the sideline. It is a very good bullish indicator that MTN is not at top yet.
As always, stock up and down, MTN might be down tomorrow, or even next week, or next month. As long as you believe the truth, who cares?
Re: MTN - Marathon Resources
Well, just saw PDN place a takeover offer for SMM today.
I thought about MTN and why a big Canadian company hasn't put an offer on the table yet. I mean, MTN has proven that it's got an economically viable resource. And not just that, it's cheap too. EV/lb of $3 and a market cap of only $240 mil. For a big Canadian company, $240 mil is NOTHING.
So why no offer yet?
The more i thought about it, the more i think this is the reason why. There's one thing that stands in the way, the current 3 mines policy...
All of us know that the Aus U companies would absolutely plummet if policy didnt change in April. IMO, and emphasize here just an opinion, the big companies are waiting for this policy to change before they put an offer on the table. Although they might have to pay a higher price after the change in policy, i think they are willing to pay that premium just to make sure that they eliminate the chance of buying a company that won't mine.
My prediction, and a bold one at that.....there will be an offer for MTN straight after the April policy. Not just MTN, but a wave of takeover offer for unvalued Aus companies. Abit like the takeover frenzy that happen after the media law changes awhile ago.
PS. There is always the risk of Labour not changing policy (although looking very unlikely now) and the other is I could be absolutely wrong! I have no contact with any director or anyone remotely that. The above is just a wild prediction. Don't take it as financial advice. And finally, DYOR!!!
Well, just saw PDN place a takeover offer for SMM today.
I thought about MTN and why a big Canadian company hasn't put an offer on the table yet. I mean, MTN has proven that it's got an economically viable resource. And not just that, it's cheap too. EV/lb of $3 and a market cap of only $240 mil. For a big Canadian company, $240 mil is NOTHING.
So why no offer yet?
The more i thought about it, the more i think this is the reason why. There's one thing that stands in the way, the current 3 mines policy...
All of us know that the Aus U companies would absolutely plummet if policy didnt change in April. IMO, and emphasize here just an opinion, the big companies are waiting for this policy to change before they put an offer on the table. Although they might have to pay a higher price after the change in policy, i think they are willing to pay that premium just to make sure that they eliminate the chance of buying a company that won't mine.
My prediction, and a bold one at that.....there will be an offer for MTN straight after the April policy. Not just MTN, but a wave of takeover offer for unvalued Aus companies. Abit like the takeover frenzy that happen after the media law changes awhile ago.
PS. There is always the risk of Labour not changing policy (although looking very unlikely now) and the other is I could be absolutely wrong! I have no contact with any director or anyone remotely that. The above is just a wild prediction. Don't take it as financial advice. And finally, DYOR!!!
Re: MTN - Marathon Resources
Well there is still Buttermere's offer for MTN, extended again until May 4th. Only 68c, but at least they say they are now reconsidering it, in view of MTN's recent gains. They probably need to lift it about 1000% !!! regards YN.
hitmanlam said:
Well there is still Buttermere's offer for MTN, extended again until May 4th. Only 68c, but at least they say they are now reconsidering it, in view of MTN's recent gains. They probably need to lift it about 1000% !!! regards YN.
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Re: MTN - Marathon Resources
March 07 - *IF* Cameco reports remediation work will take longer than expected
April 07 - *IF* Labor lifts all bans on U mining
there will be a queue stretching all the way from the North Pole for takeovers/acquisitions.
Question is, how is the Fed gov going to control it? Same way it took the China boom - just export the stuff out ASAP, sit back and let the cash pour in!
tha might be pretty dangerous as it might lead to uncontrolled U prices...if it surges to a level where it's too expensive to use anymore, it implodes...
then it's the Charge of the Light Brigade...U will become like oil, overpriced, and we will turn to the next energy miracle, the humble soybean.
hitmanlam said:
March 07 - *IF* Cameco reports remediation work will take longer than expected
April 07 - *IF* Labor lifts all bans on U mining
there will be a queue stretching all the way from the North Pole for takeovers/acquisitions.
Question is, how is the Fed gov going to control it? Same way it took the China boom - just export the stuff out ASAP, sit back and let the cash pour in!
tha might be pretty dangerous as it might lead to uncontrolled U prices...if it surges to a level where it's too expensive to use anymore, it implodes...
then it's the Charge of the Light Brigade...U will become like oil, overpriced, and we will turn to the next energy miracle, the humble soybean.