Australian (ASX) Stock Market Forum

NRZ - NeuRizer Ltd

Jump to new
Re: MTN - Marathon Resources

Halba said:
My opinion.
2.62 no way. This is a far too extreme price prediction. It hit that in one second in the extremities of the correction. It has bounced back well. Why would it go back down there?
Click to expand...
A few people are tipping that the correction has some way to go. Extreme lows anticipated are in the 4000s. It might not get there but if a wave C takes the markets back under the last low, then most stocks, including this, will probably suffer too. Having said that, if the market steadies, and more good drill results come out, or there's a takeover offer, etc etc, then this will go ok.
 
Re: MTN - Marathon Resources

I am sorry if you do check in at MTN.com, and have found contents not relevant.

MTN is a speculative stocks, and in a very unique industry. It has its own boom and bust cycle associated with uranium industry, has very little to do with those economic calendar, particular US's.

If you want to speculate MTN, or uranium stock, you just waste your time and opportunity to study those big economic indicators.

If you have done your research, like it, and still worry about the damn job number, why not commit half of your money now, and another half later?
 
Re: MTN - Marathon Resources

The coffey mining study is critical to the success of this share. IMHO other factors can work short term, but that is the critical and most important element.
 
Re: MTN - Marathon Resources

People never learn. Stupid Buttermere should hear our voice before make such stupid offer. $3.52 is too low. $4.20 should be more acceptable.

Now we have a reference price, not the $3.52. is how much Buttermere want to see it a few years later. I guess Buttermere is not for not a non-profitable organization. I guess it want to double the price. I guess $7 for MTN is a fair price..
 
Re: MTN - Marathon Resources

the fair price will be what the mkt decides i guess! Ah well i got a small parcel of these
 
Re: MTN - Marathon Resources

I am laughing at the offer statement:

"220% premium to the price of the placement shares of $1.10 to Talbot Group and CITIC Australia...."

How about a 15% discount to the all-time high!, and
450% premium to the original offer....

Where are those people in last 9 month?

Still not get it right...
 
Re: MTN - Marathon Resources

mmmmining said:
People never learn. Stupid Buttermere should hear our voice before make such stupid offer. $3.52 is too low. $4.20 should be more acceptable.

Now we have a reference price, not the $3.52. is how much Buttermere want to see it a few years later. I guess Buttermere is not for not a non-profitable organization. I guess it want to double the price. I guess $7 for MTN is a fair price..
Click to expand...
Still not sure what a 'fair' price is for any company without a final JORC, or approaval to mine.....

Normal takeover offers come in at approximately 30% above the volume weighted average of the previous 30 days trading. So, $4.20 ish would seem fair ish at the moment. Buttermere are dreaming at the moment really. Their offer might look ok if we do have a major correction back down to the 4000s in the XAO, and the U market follows everything else.
 
Re: MTN - Marathon Resources

kennas said:
Still not sure what a 'fair' price is for any company without a final JORC, or approaval to mine.....

Normal takeover offers come in at approximately 30% above the value weighted average of the previous 30 days trading. So, $4.20 ish would seem fair ish at the moment. Buttermere are dreaming at the moment really. There offer might look ok if we do have a major correction back down to the 4000s in the XAO, and the U market follows everything else.
Click to expand...

Kennas, MTN do have JORC resources, like 67mlb. They are upgrading it from referred cat. to indicated and measured cat.

You can use all kind of formula to get the fair price, such as EV/lb resources, or peer analysis. Use both methods will value MTN at $10+.

I named the $7 plus is based on the Buttermere investment objective.
 
Re: MTN - Marathon Resources

mmmmining said:
Kennas, MTN do have JORC resources, like 67mlb. They are upgrading it from referred cat. to indicated and measured cat.
Click to expand...
Yes. Note I said final JORC. It will have more than current JORC IMO. It wasn't supposed to be a negative comment.
 
Re: MTN - Marathon Resources

Buttermere are morons. :banghead:

Their original offer was embarassingly weak. And they sent me a letter every week, week after week, it did my head in getting offers for 68c for my $3.00 shares - it was worse than getting a letter from David Tweed.

Now the next offer looks weak to.

They need to pay a premium, cause otherwise i have to sell and pay 50% CGT tax.

I aint selling. There is no point in me selling, I'll lose money on tax.
 
Re: MTN - Marathon Resources

mmmmining said:
People never learn. Stupid Buttermere should hear our voice before make such stupid offer. $3.52 is too low. $4.20 should be more acceptable.

Now we have a reference price, not the $3.52. is how much Buttermere want to see it a few years later. I guess Buttermere is not for not a non-profitable organization. I guess it want to double the price. I guess $7 for MTN is a fair price..
Click to expand...

Buttermere also screwed up their takeover for TYC which is why I got into MTN, I don't know who is in charge of their strategy but they ought to be given the elbow. If they made an offer of $1.20 9 months ago, they may not have succeeded but they would have got a lot of acceptances and would be sitting on a very large paper profit. Here's a tip, next time Buttermere make an initial offer for another company, buy with your ears pinned back and wait.
 
Re: MTN - Marathon Resources

For whoever not in the position yet, or have not in full position, $3.52 is not the final price, and think whoever increase the offer by 450%, and want it all for $3.52will not sell it tomorrow at $3.52;

For whoever is luck in the position, it is not a celebration time yet, and anything could happen, good and bad;

For whoever want to check US's jobless number first before considering MTN, it is a very valuable lesson for investment and speculation.
 
Re: MTN - Marathon Resources

Buttermore are abosulute morons :banghead:
I really do think that this correction has some way to go, and if they delayed their bid till next week, they may well have seen MTN at 2.60ish and then the bid of 3.50 would have looked ok... Not only that, it would have allowed me to buy some more! :banghead: :banghead:

as it stands, MTN was around 3.30 when they came in with their second rediculous bid!!!

its fair to say my comments yesterday of it falling back to 2.60ish are now invalid.

That is good news for existing holders and bad news for those either wanting to get in, or to get some more (like me)!

Anyway...

I would think 3.52 is the new floor, so any purchases around the present prices should not see too much downside...

However the upside is huge, as there is no way this share is going to go for this price... 400 - 500m is a reasonably take over offer, whatever that equates to in share price (including all options, etc, etc).
 
Re: MTN - Marathon Resources

Hi rafa the risk rewards look good at this price. 25c downside, and possible upside as you say to the $400m dollar mark.
 
Re: MTN - Marathon Resources

i tend to agree with that...

And although a lot of it does depend on the final JORC and the FS from Coffeys...from where i am sitting at this point in time... this would have to be a good time to get in.
 
Re: MTN - Marathon Resources

Rafa said:
i tend to agree with that...

And although a lot of it does depend on the final JORC and the FS from Coffeys...from where i am sitting at this point in time... this would have to be a good time to get in.
Click to expand...

Yeh i picked up a few at $3.75.
 
Top