mmmmining said:Halba,
Dangerous, I guess you are acting on your own will, right? I don't want be named as a ramper.
Well, my theory is still the same, I am betting on the whole uranium sectors, not one or two particular stocks (provide you have enough play money).
The booming uranium sector will provide a support on the floor. We need to find stocks with star performance. Betting on multiple horses increase your odds to find them.
Of course, you might end up with one or two dogs. But we all know that, if you can have a few good ones with 100% to 1000%+ appreciations, you are still well ahead.
mmmmining said:Halba,
I still hold MTN firmly. I didn't see any fundamental change for this stock yet. A few things we need to watch out carefully:
1. More drilling results, anytime soon (miner price impact and short)
2. Resource upgrade, End of March to May; (to establish new baseline)
3. Scope Study April to May; (MUST Watch)
4. Labor party conferences April 29; (Built in, Only negative will screw MTN)
5. Cosby revised bid, anytime (very likely, my prediction is $4.20 per share if Cosby still has a bit talent)
6. Chinese Count-bid anytime after Cosby revised bid (likely $5 per share)
I believe:
The resource upgrade will bring MTN to $5 level if there is no significant downgrade (-10%) on resources;
The company maker is not from a takeover, but from the scope study. A definite YES answer is must. Assume 5mlb annual production, with reasonable capex, then:
$20/lb cost will send this stock to $10
$30/lb cost will send this stock to $7
$50/lb will bury MTN instantly
Let's watch this baby together..
4. Labor party conferences April 29; (Built in, Only negative will screw MTN)
SMM market cap @ 850 millon, MTN @ 150 millon [atm].Halba said:Don't think the costs will get that high...MTN's ore is very high grade and quality is good. i think average grade was 800ppm, with higher grade zones. This is a bargain isn't it with SMM likely to exit index.
Halba, I don't watch stock price every minutes, unless I want to trade it. Because I cannot move the price.Halba said:oops cancel that its on the slide again
chris1983 said:hmm. this looks good hey. I have no moneyWho wants to lend me some?
Mousie said:LOL you just traded WMT and what did you blew it on??:
chris1983 said:I'm on FXR atm. I think they have a % gain in them once they put a message out that their nickel operations are going smoothly. MTN looks really good though..there must be a reason to their current valuation because their deposit is world class
It has been there on this Tuesday, $2.62, andRafa said:Chris,
and there may be a cheaper entry point that can be attained... (mid $2 is my estimate)
Friday or Monday,because the data[job figure] will be announced on US by Friday which will effect the market and MTN sp.mmmmining said:It has been there on this Tuesday, $2.62, and
If you are so sure, you can make some money or end up with more shares by selling it now, and buy it back at $2.75?
You might find more clues by checking MTN.com.sydney1963 said:Friday or Monday,because the data[job figure] will be announced on US by Friday which will effect the market and MTN sp.
The tug of war that's going on between the bulls and the bears is over the strength of the underlying economy and the strength of earnings," Quincy Krosby, Chief Investment Strategist at The Hartford, told CNBC.com. "Investors will be focused on the important economic data that's coming out on Friday. If the market can keep hold of Tuesday's gains, even if it's in a tight trading range, that's positive."
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