NRZ - NeuRizer Ltd
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Re: MTN - Marathon Resources
No not at all as it has absolutely no impact on the physical Uranium on offer to the market and as you know demand will exceed supply for many years to come. A policy being lifted adds what?? Nothing but the chance for Australia to try and capitalise on high prices in 4-5 years time.
cheers
Champ
insider said:
No not at all as it has absolutely no impact on the physical Uranium on offer to the market and as you know demand will exceed supply for many years to come. A policy being lifted adds what?? Nothing but the chance for Australia to try and capitalise on high prices in 4-5 years time.
cheers
Champ
Re: MTN - Marathon Resources
I didn't think that the 3 mines policy was a problem anyway, the SA government is pro uranium mining and would consider approving the mine regardless of the national labour party policy.
My opinion on uranium price if the 3 mine ban is lifted is that long term it may help push the price down, but short term it will probably just keep going the way it has been. Until all these possible mines come into production, I don't think there is a need to panic.
I didn't think that the 3 mines policy was a problem anyway, the SA government is pro uranium mining and would consider approving the mine regardless of the national labour party policy.
My opinion on uranium price if the 3 mine ban is lifted is that long term it may help push the price down, but short term it will probably just keep going the way it has been. Until all these possible mines come into production, I don't think there is a need to panic.
Re: MTN - Marathon Resources
Hey guys where do you all think MTN will be heading? It is correction time so the likely hood of them falling is likely but the fundamentals are sooo good. What will some of you people do?
I think there is a strong chance that MTN will get smashed due to the market conditions so some buying opportunities are coming about. I haven't sold yet. thoughts people?
Hey guys where do you all think MTN will be heading? It is correction time so the likely hood of them falling is likely but the fundamentals are sooo good. What will some of you people do?
I think there is a strong chance that MTN will get smashed due to the market conditions so some buying opportunities are coming about. I haven't sold yet. thoughts people?
Re: MTN - Marathon Resources
The mere fact that this stock has held up so well in the last week tells me it's unlikely that it will drop too much further just IMO. It did it's 12.53% drop in 1 day last week and rebounded the next day.
As you said fundamentals are very strong. There may be some more short term consolidation though.
insider said:
The mere fact that this stock has held up so well in the last week tells me it's unlikely that it will drop too much further just IMO. It did it's 12.53% drop in 1 day last week and rebounded the next day.
As you said fundamentals are very strong. There may be some more short term consolidation though.
Re: MTN - Marathon Resources
Nope. The price of uranium will depend on supply-demand dynamics. Having the ban lifted will not bring any new supply to the market - at least not for a while. The lag time between discovery to production is about 8 years.
And even when you know the uranium is there - its gonna take about 3-4 years eg. SMM.
insider said:
Nope. The price of uranium will depend on supply-demand dynamics. Having the ban lifted will not bring any new supply to the market - at least not for a while. The lag time between discovery to production is about 8 years.
And even when you know the uranium is there - its gonna take about 3-4 years eg. SMM.
Re: MTN - Marathon Resources
agreed too long lead time for Aussie u explorers ATM, probably heavily discounted till 1 year before proddy
Imma think africa it will be more easily valued ,as govt approvals very quick and easy, and only has to be a mineable reserve/deposit. This is probably the best bet in capturing full upside from U (examples posted on threads in this forum include ern,ext,bmn,mru,wmt,acb,eve/african energy etc). These are in my opinion likely to 'leapfrog' the likes of SMM,MTN to production and thus will provide higher % total returns (and they are also low mkt cap).
I think you would probably need 5000t(10 mil pounds or so reserves) of U to get to bankable status IMHO, as that would represent possible 10 yr mine lifes. Additionally getting to bankable status would allow you to get taken over by majors(looking for quick proddie - look at OMC example) and thus immediately command premium.
agreed too long lead time for Aussie u explorers ATM, probably heavily discounted till 1 year before proddy
Imma think africa it will be more easily valued ,as govt approvals very quick and easy, and only has to be a mineable reserve/deposit. This is probably the best bet in capturing full upside from U (examples posted on threads in this forum include ern,ext,bmn,mru,wmt,acb,eve/african energy etc). These are in my opinion likely to 'leapfrog' the likes of SMM,MTN to production and thus will provide higher % total returns (and they are also low mkt cap).
I think you would probably need 5000t(10 mil pounds or so reserves) of U to get to bankable status IMHO, as that would represent possible 10 yr mine lifes. Additionally getting to bankable status would allow you to get taken over by majors(looking for quick proddie - look at OMC example) and thus immediately command premium.
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Re: MTN - Marathon Resources
Well, right now MTN is 3.09 a drop of 17.06%. Incredible.. Fishing isn't far off below 3.00
Can't wait until all ords goes back up ..
Well, right now MTN is 3.09 a drop of 17.06%. Incredible.. Fishing isn't far off below 3.00
Can't wait until all ords goes back up ..
Realist
Billie Jean is not my lover
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Re: MTN - Marathon Resources
It's getting beaten like a cheap Pinyata today.
UraniumLover said:
It's getting beaten like a cheap Pinyata today.
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Re: MTN - Marathon Resources
The from $0.47 to $4.10
From $4.10 to $3.05
I guess Buttermere/Cosby is going to make a move before somebody else get a hand in this stock. It might use its associates to sell down MTN, and then raise an offer around $4.50, make it more attractive...
Pure speculation, with some reasoning, no insider info or fact.
Have you seen it from $1.45 to $0.47?UraniumLover said:
The from $0.47 to $4.10
From $4.10 to $3.05
I guess Buttermere/Cosby is going to make a move before somebody else get a hand in this stock. It might use its associates to sell down MTN, and then raise an offer around $4.50, make it more attractive...
Pure speculation, with some reasoning, no insider info or fact.
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Re: MTN - Marathon Resources
mmmmining I took the day of work to experience such an event. I hope Buttermere puts a better offer this time. I haven't worked it out yet but what would be a good offer for MTN if you took into consideration PDN offer for SMM which was rejected by SMM? I found that amusing.
mmmmining said:
mmmmining I took the day of work to experience such an event. I hope Buttermere puts a better offer this time. I haven't worked it out yet but what would be a good offer for MTN if you took into consideration PDN offer for SMM which was rejected by SMM? I found that amusing.
Realist
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Re: MTN - Marathon Resources
Good point. It is possible.
mmmmining said:
Good point. It is possible.
Re: MTN - Marathon Resources
Its funny with MTN i got a buy signal when it hit broke out into blue skies $1.37 not too long ago. But i wasnt convinced because volume was ordinary. Next week i check its still in the $1.30s im feeling like a champion thinking what a great move to not buy that dog and instead buying something else (that did give me my quick 10-20%).
I forget about MTN, do a bit more trading. Go on holidays. Go away for work. 2 months later i check and its like $4+.
But you live and you learn. And Now i know - PRICE is king.
Its funny with MTN i got a buy signal when it hit broke out into blue skies $1.37 not too long ago. But i wasnt convinced because volume was ordinary. Next week i check its still in the $1.30s im feeling like a champion thinking what a great move to not buy that dog and instead buying something else (that did give me my quick 10-20%).
I forget about MTN, do a bit more trading. Go on holidays. Go away for work. 2 months later i check and its like $4+.
But you live and you learn. And Now i know - PRICE is king.
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Re: MTN - Marathon Resources
Relax Nizar .. MTN will recover.
nizar said:
Relax Nizar .. MTN will recover.
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Re: MTN - Marathon Resources
Go for 4 weeks holiday,when u cme back it will be $4.00nizar said:
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Re: MTN - Marathon Resources
Spoken with a geologist at MTN, he has disclosed nothing unusual happened except the market correction.
A valid point he made is MTN is still outperforming many other uranium stocks in past one, two, and three months period. There is no need to panic.
He told me that the Mt Gee EPL is pastral lease from Crown land. The owner is running a tourist joint (like 20 rooms trailer park) just outside the EPL with some bush walking trails inside the EPL, which is no national park and no heritage.
For these who is panic about mining will affect tourist, please be advised to visit The Grand Canyon in USA. A uranium/copper mining site is one of the tourist attraction on the South Rim.
Another small info might address the water supply concern. There is a hot spring 3km from the Mt Gee deposit. The water resources is scarce, but there are ways to overcome it.
Of course, the issues that MTN is facing is no different from other uranium hopefuls, and mining companies, you have to address them one by one.
Hope the above info can help relief some of the pains of MTN holders.
My fair comments is that it is still too early to looking at the mining issues, instead, we should focus on the resources definition and upgrade.
So I believe Mr Market might consider it is not fair to view MTN as possible producer, but only give it a greenfield project valuation.
Spoken with a geologist at MTN, he has disclosed nothing unusual happened except the market correction.
A valid point he made is MTN is still outperforming many other uranium stocks in past one, two, and three months period. There is no need to panic.
He told me that the Mt Gee EPL is pastral lease from Crown land. The owner is running a tourist joint (like 20 rooms trailer park) just outside the EPL with some bush walking trails inside the EPL, which is no national park and no heritage.
For these who is panic about mining will affect tourist, please be advised to visit The Grand Canyon in USA. A uranium/copper mining site is one of the tourist attraction on the South Rim.
Another small info might address the water supply concern. There is a hot spring 3km from the Mt Gee deposit. The water resources is scarce, but there are ways to overcome it.
Of course, the issues that MTN is facing is no different from other uranium hopefuls, and mining companies, you have to address them one by one.
Hope the above info can help relief some of the pains of MTN holders.
My fair comments is that it is still too early to looking at the mining issues, instead, we should focus on the resources definition and upgrade.
So I believe Mr Market might consider it is not fair to view MTN as possible producer, but only give it a greenfield project valuation.
Re: MTN - Marathon Resources
These issues were never anything to worry about... Those that bring it up are just kidding themselves... Tell me something do you think that the owner of the caravan park wouldn't want to see that place chocablock full of miners living in properties and houses he has built... Think of the economic benefits a mine would have in that area.
mmmmining said:
These issues were never anything to worry about... Those that bring it up are just kidding themselves... Tell me something do you think that the owner of the caravan park wouldn't want to see that place chocablock full of miners living in properties and houses he has built... Think of the economic benefits a mine would have in that area.