NRZ - NeuRizer Ltd
- Thread starter Mistermoon
- Start date
Re: Uranium price
It did? good...
You made some great points mmmmmining... but you didn't understand what I was saying... I was saying that I believe that the uranium sector is kind of unpredictable, companies that are worth billions yet don't make a cent is one way it defies logic... people keep asking questions like "it's soooo good why doesn't it go up?" and then for no reason at all it jumps up unexpectedly... there probably is a reason but it does defy logic... My dodgy little comparison between AGS and MTN was nothing more than an example of unpredictability in this sector... so my advice is just sit and wait... that's all... What I speak of is something outside of analysis, good results, issues, politics etc.
prs said:
It did? good...
You made some great points mmmmmining... but you didn't understand what I was saying... I was saying that I believe that the uranium sector is kind of unpredictable, companies that are worth billions yet don't make a cent is one way it defies logic... people keep asking questions like "it's soooo good why doesn't it go up?" and then for no reason at all it jumps up unexpectedly... there probably is a reason but it does defy logic... My dodgy little comparison between AGS and MTN was nothing more than an example of unpredictability in this sector... so my advice is just sit and wait... that's all... What I speak of is something outside of analysis, good results, issues, politics etc.
Re: MTN - Marathon Resources
Insider sure they don't make profits, but isn't markets all about expectations of profit? With the resource size of Mt Gee, the profit potential is sizeable (assuming +1000tpa given in presentations). Not only that, the forward u price is unlikely to be $100/lb, it could theoretically be higher when they are in bankable feasibility - say about $120/lb.
Insider sure they don't make profits, but isn't markets all about expectations of profit? With the resource size of Mt Gee, the profit potential is sizeable (assuming +1000tpa given in presentations). Not only that, the forward u price is unlikely to be $100/lb, it could theoretically be higher when they are in bankable feasibility - say about $120/lb.
Re: MTN - Marathon Resources
I would have thought that with demand for U outstripping supply, with actual auctioning going on for U,
with Cigar Lake flooded and probably not capable of production for some years to come, with China trying its hardest to get into Australia's uranium, with ERA with a flooded mine and with the results of the recent drilling at Mt Gee that MTN must surely be qualified to be issued with a licence in the near future. Any thoughts?
I would have thought that with demand for U outstripping supply, with actual auctioning going on for U,
with Cigar Lake flooded and probably not capable of production for some years to come, with China trying its hardest to get into Australia's uranium, with ERA with a flooded mine and with the results of the recent drilling at Mt Gee that MTN must surely be qualified to be issued with a licence in the near future. Any thoughts?
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: MTN - Marathon Resources
I think that's up to the SA gov after an application is received. Plus, I think getting the lisence to mine is after a BFS anyway, so long time comming I think. And, I'm still not sure if SA are playing the National Labor card on No New Mines at the moment anyway.
I don't think any of those factors play a part in MTN getting a lisence to mine.prs said:I would have thought that with demand for U outstripping supply, with actual auctioning going on for U,
I think that's up to the SA gov after an application is received. Plus, I think getting the lisence to mine is after a BFS anyway, so long time comming I think. And, I'm still not sure if SA are playing the National Labor card on No New Mines at the moment anyway.Re: MTN - Marathon Resources
Thank god for the election coming up so we can all put the speculation over mining in SA to rest. As far as I'm aware its the most uranium mining friendly state in Australia.???
kennas said:I don't think any of those factors play a part in MTN getting a lisence to mine.
Thank god for the election coming up so we can all put the speculation over mining in SA to rest. As far as I'm aware its the most uranium mining friendly state in Australia.???
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: MTN - Marathon Resources
Amen to that. I have to say though that SA is not a 'U friendly' State, just because they have 2 operating and one approved. The Honeymoon Mine has been allowed to go ahead because it was approved in 2002 when the Liberal Party was in power in SA. While the current leader may be open to mining, he still has to follow Nat Labor policy.champ2003 said:kennas said:I don't think any of those factors play a part in MTN getting a lisence to mine.
Thank god for the election coming up so we can all put the speculation over mining in SA to rest. As far as I'm aware its the most uranium mining friendly state in Australia.???
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: MTN - Marathon Resources
Canberra, Norfolk Island, Christmas Island, Nowra, and NT. And any Australian embassy overseas.champ2003 said:Thanks guys,
In your opinion whats the most friendly U mining state at the moment then?
Re: MTN - Marathon Resources
There was a full page article on uranium in today's Herald Sun... it was titled "Uranium Fever" It picked the top ten Uranium Deposits in Australia and said who owned them... There wasn't anything said about MTN that we don't know but mentioned the takeover bid from Crosby Financial Partners in Hong Kong... It also stated that MTN along side PNN have had recent gains of 400%...
There wasn't that much said about the companies and no market capitals were mentioned, however the found resource was... Hopefully investors will see how much more uranium MTN have compared with the rest and compare market capitals...
In the Article there was also mention about how the market is anticipating a change in next months review of the labor policy on new mines...
There was a full page article on uranium in today's Herald Sun... it was titled "Uranium Fever" It picked the top ten Uranium Deposits in Australia and said who owned them... There wasn't anything said about MTN that we don't know but mentioned the takeover bid from Crosby Financial Partners in Hong Kong... It also stated that MTN along side PNN have had recent gains of 400%...
There wasn't that much said about the companies and no market capitals were mentioned, however the found resource was... Hopefully investors will see how much more uranium MTN have compared with the rest and compare market capitals...
In the Article there was also mention about how the market is anticipating a change in next months review of the labor policy on new mines...
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: MTN - Marathon Resources
I agree, not much we shouldn't know already. The effect will be that your next cabbie will be telling you to buy uranium stocks.....Halba said:
Re: MTN - Marathon Resources
Creating awareness (that MTN exists!) among average Joes is not a bad thing.
But i dont want them to catch on yet. Though it willl be good if, in the future, they do come to the understanding that uranium stocks are unreal - they will be buying from us when PDN is around the $30/40 mark and MTN maybe $10-15.
And thats just before the uranium bubble bursts.
Remember the masses rarely get it right.
I was reading a book where it was mentioned that there was a fund manager that pick stocks by taking the position opposite to what is in those stockmarket newsletters, he subscribes to about 30 newsletters, and in his calculation, he puts largest weighting to the ones that have the largest number of subscribers. He managed north of a billion dollars, and has been very succesful. His reasoning was that the masses always rely on these newslettes to make decisions, and the masses rarely get it right. Funny stuff
Halba said:
Creating awareness (that MTN exists!) among average Joes is not a bad thing.
But i dont want them to catch on yet. Though it willl be good if, in the future, they do come to the understanding that uranium stocks are unreal - they will be buying from us when PDN is around the $30/40 mark and MTN maybe $10-15.
And thats just before the uranium bubble bursts.
Remember the masses rarely get it right.
I was reading a book where it was mentioned that there was a fund manager that pick stocks by taking the position opposite to what is in those stockmarket newsletters, he subscribes to about 30 newsletters, and in his calculation, he puts largest weighting to the ones that have the largest number of subscribers. He managed north of a billion dollars, and has been very succesful. His reasoning was that the masses always rely on these newslettes to make decisions, and the masses rarely get it right. Funny stuff
- Joined
- 7 October 2006
- Posts
- 877
- Reactions
- 0
Re: MTN - Marathon Resources
I check the dictionary about a word PATIENT,
1. bearing pains or trials calmly or without complaint;
2. manifesting forbearance under provocation or strain;
3. not hasty or impetuous;
4. steadfast despite opposition, difficulty, or adversity
In last April, someone bought MTN at $1.40. It took 8 long months until last Dec. to be in the money;
MTN just being sideway for a month, I believe you need to hug "PATIENT" for a while.
By the way, MTN will response by this Friday.
prs said:
I check the dictionary about a word PATIENT,
1. bearing pains or trials calmly or without complaint;
2. manifesting forbearance under provocation or strain;
3. not hasty or impetuous;
4. steadfast despite opposition, difficulty, or adversity
In last April, someone bought MTN at $1.40. It took 8 long months until last Dec. to be in the money;
MTN just being sideway for a month, I believe you need to hug "PATIENT" for a while.
By the way, MTN will response by this Friday.
Re: MTN - Marathon Resources
I've been waiting for Thursday and Friday for months... MTN will be presenting at a national uranium conference... should be good... Go to Uranium a raging bull thread to read more... MTN's involvement will be positive... MTN have the largest deposit of all the companies presenting but one of the smallest capitals...
mmmmining said:
I've been waiting for Thursday and Friday for months... MTN will be presenting at a national uranium conference... should be good... Go to Uranium a raging bull thread to read more... MTN's involvement will be positive... MTN have the largest deposit of all the companies presenting but one of the smallest capitals...
Re: MTN - Marathon Resources
G'Day mmmmining
You're dead right and I believe that's the lesson I have to learn at the moment. I have been told to be patient and that the next two weeks are going to see MTN start to really move.
Insider, what was the name of that site please?
G'Day mmmmining
You're dead right and I believe that's the lesson I have to learn at the moment. I have been told to be patient and that the next two weeks are going to see MTN start to really move.
Insider, what was the name of that site please?