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NRZ - NeuRizer Ltd

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Re: MTN - Marathon Resources

Per ann, The Cosby's need a few days to formally lodge the revised offer.

I guess MTN is very likely to release further drilling results before any official response, even a preliminary scope study if it is to board's advantage.

Either way will send MTN's SP well pass $4, and of course a big Rejection.

If rejection without further drilling results or preliminary scope study, the SP will be around current level.

If the board recommend to accept the offer, then Bad News...
 
Re: MTN - Marathon Resources

Nice little announcement this morning...

Quote from video transcript. "Marathon is the obvious company to invest in".
 
Re: MTN - Marathon Resources

insider said:
Nice little announcement this morning...

Quote from video transcript. "Marathon is the obvious company to invest in".
Click to expand...
The video addressed several concerns, such as politics, environment, metallurgy, size and quality of resources. Very encouraging to listen.

Indicated 1000t+ U3O8/yr production (revenue at $250m+), and ~30yr mining life..
 
Re: MTN - Marathon Resources


MTN must and i suspect will, reject the offer saying the usual:
"THis offer undervalues the company and its prospects, etc,etc"

But if they accept like those idiots over at OMC, then that will cap the price. Look at OMC 4 months on, other uranium stocks have bolted, but its done nothing, im very happy to have sold that dog.

So if directors accept, that will cap the price.
If they reject, then off and away we go.
 
Re: MTN - Marathon Resources


After this mornings announcement with them promoting investment into their company it has an underlying tone of rejection of offer IMO.

I think that they want to grow the company themselves.
 
Re: MTN - Marathon Resources

champ2003 said:
After this mornings announcement with them promoting investment into their company it has an underlying tone of rejection of offer IMO.

I think that they want to grow the company themselves.
Click to expand...
Everyone has a price I reckon.
 
Re: MTN - Marathon Resources

kennas said:
Everyone has a price I reckon.
Click to expand...

Yeah very true Kennas. It will be very interesting to see what price MTN eventually gives in to.
 
Re: MTN - Marathon Resources

lmao "everyone has a price". But it looks as though I'm prepared to give this stock a PV valuation of somewhere between $750-$1.2billion dollars.

Reasons: $10/lb EV/lb as the standard benchmark. More premium added due to it being good grades.
 
Re: MTN - Marathon Resources

Gosh at $3.85 the offer of $3.52 looks really attractive....NOT!!!!

 
Re: MTN - Marathon Resources

Any thoughts on the Chairmans response?
He didnt really lean either way....
Why dont they just say No and give a presentation and bag the sh$% out of buttermere the way SMM did to PDN
 
Re: MTN - Marathon Resources

patience Nizar,
they don't really need to...
the market knows!

was hoping MTN dropped to 3.52 so i could buy some more...!
FALL MTN, FALL!!!
 
Re: MTN - Marathon Resources

I believe we can expect another drop in the uranium sector, not very big and certainly nowhere near the ordinaries. Could this be the correction we ought to have expected in April?
 
Re: MTN - Marathon Resources

That ann from MTN looks pretty positive to me yet the sp has hardly moved Factored in perhaps?

They continue to get great grades, and will certainly extend the resource.
 
Re: MTN - Marathon Resources

More drilling results are out.

People have no idea with so many numbers. It is strange that market often cheers for a couple of rock grabbing, and quiet with flood of drilling results. Sometimes, Mr Market are really spoiled.

I believe MTN can do better by putting the numbers in context of the modeling.

Anyway, I am going to do a study tonight, to compare all kind of numbers.
 
Re: MTN - Marathon Resources

kennas said:
That ann from MTN looks pretty positive to me yet the sp has hardly moved Factored in perhaps?

They continue to get great grades, and will certainly extend the resource.
Click to expand...

Agree, the resource will be extended..
The market has misunderstood.

I dont think anything is factored in, not at this market cap.
 
Re: MTN - Marathon Resources

Looks good the grades look higher than their model am I correct?

A lot of 900-1000ppm's higher than 690 average grade.

Also mkt will only react on final jorc numbers.

cheerios

Bear in mind mkt got bashed yest ppl a bit slow today.
 
Re: MTN - Marathon Resources

kennas said:
That ann from MTN looks pretty positive to me yet the sp has hardly moved Factored in perhaps?

They continue to get great grades, and will certainly extend the resource.
Click to expand...

This is where I believe the uranium sector is a bit strange... There is no logical pattern to it going up or down or sideways... AGS did the same thing, they came out with results, they didn't move for a while, I sold and then bang... the stock rose to 2 dollars from 43 cents or something... I'm happy sit back and watch it bolt off... there's no way I'm falling for this again... the common thing with both stocks is that AGS was in a correction period with new results... and MTN is now in a correction period with new results
 
Re: MTN - Marathon Resources

insider said:
the common thing with both stocks is that AGS was in a correction period with new results... and MTN is now in a correction period with new results
Click to expand...

IMHO, the only thing is common between AGS and MTN is both has uranium asset in SA, and only miles away from each other.

The key difference is that AGS is full of greed, over $400m market cap for a possible 25% of 30,000t U3O8.

(High grade, near term producer, ISL mining, More exploration targets, everything about AGS is excellent, blue sky...)

On the other hand, MTN is full of fear, less than $230m market cap for a JORC 100% of 31,000t U3O8,

(Doubtful resources modeling, average grade, may not be mined, national park, aboriginal problem, heritage issue, environmental problem. The very low share price reinforce people's doubt. Cannot be that cheap, must have some problems.....)

As time pass by, both greed in AGS and fear for MTN are eased. You can notice the share price travel in a different way from Mid-Jan.

AGS is a passive pig-back uranium asset holder. The delay in release the JORC resources by partner is not inspiring.

While batch after batch excellent drilling results, and PR activities do remove a lot of doubts on MTN

When Cosby offered MTN at 68c, MTN's share has been around 75c for a few months until the uranium sector took off.

It is very normal to see the MTN is trading around $3.70, a 5% premium over Cosby's offer.

Having seen so many good drilling results, people start to take it for granted. I guess MTN's price will not be much higher than $3.52 until the indicated/measured JORC resources released, or a positive scope study.

I am not saying that AGS is not worth $2, or to use AGS's valuation to get $10+ for MTN. Because they are very different stocks, with different stories...
 
Re: MTN - Marathon Resources

Both have different resource models, grades, enviro/social issues/ sentiment

Its like comparing a juicy orange to a nice apple.

I think AGS- east zone has about 35000,40,000t contained u308

West may have about 15,000-20,000 high grade, with another 10,000+ in surrounds. Send me a pm if u want to know my calcs. Thats about 50,000 exploration target+(versus the 30,000 u mentioned) so you might want to have a look at your calculation again... re AGS

Also open pits u can produce more than underground depending on size of process plant( ithink MTN said minimum 1000tpa).
 
Re: MTN - Marathon Resources

Very good comment mmmmmining, there is more to a stock than tonnage alone..much more.
 
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