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Re: MTN - Marathon Resources

prs said:
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?
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if you are in Adelaide, you should take a look, at least the expo.

http://www.paydirtsuraniumconference.com/
 
Re: MTN - Marathon Resources

Insider, what I mean is could you please give me the page number at Raging Bull as there are over 80 of them?
 
Re: MTN - Marathon Resources

mmmmining thanks for sharing that. I've just had a look at the site and my impatience has been replaced with absolute encouragement.
 
Re: MTN - Marathon Resources

A share acceptance form from buttermere just came through the mail... I shredded it...
 
Re: MTN - Marathon Resources

insider said:
A share acceptance form from buttermere just came through the mail... I shredded it...
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:blover: Lovin MTN still :blover: I shredded buttermere too.
Hopefully this will continue moving up like other u plays today.
 
Re: MTN - Marathon Resources

Uraniumlover seems like you are lovin a lot of stocks today.... :1luvu:
 
Re: MTN - Marathon Resources

Good Staff.

Highlight from the rejection document:

1. CEO of Crosby boost on 14 Mar 07: (page 5 or 2)

"We continue to see substantial additional value within the Marathon business."

For project with such huge risk, under normal situation, it required MTN return 100%+ to justify $200m+ return. From this point of view, MTN will worth $7+

2. Resources upgrade in 3 months (page 9 or 6)

3. The scoping study is well advanced (page 9 or 6)

4. Drilling out side Mt Gee in the Paralana Mineral System. 4 diamont drill holes completed this month at Armchair deposit. (page 9 or 6)

5. (extra) I quote from: www.miningNews.net:

"South Australian Mineral Resources Development Minister Paul Holloway told the Paydirt Uranium Conference in Adelaide that "the State Government is very confident that the no new mines policy will change, allowing South Australia's competitive advantage in the uranium sector to come to the fore".

"It's my opinion that South Australia will move fairly quickly to change our policy," he said, noting that any policy change won't affect existing operations and already strong support for the change from the state's premier and other ministers."
 
Re: MTN - Marathon Resources

I like the word "unanimously", which means all directors agreed to reject. Also "the scoping study on the Mt Gee deposit being undertaken by Coffey Mining is well advanced.", seems to me very positive. I feel this one is worth a lot of more.
 
Re: MTN - Marathon Resources

UraniumLover said:
:blover: Lovin MTN still :blover: I shredded buttermere too.
Hopefully this will continue moving up like other u plays today.
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I tore mine up today too. I would have torn it up a while ago but it must have got lost under the pile of paper on my desk. Buttermere talks about doing us a favour by taking the risk of holding MTN off us. I don't think so.


Dear Buttermere. Your desire to buy MTN only makes me want to hold more.
 
Re: MTN - Marathon Resources

the announcements today by MTN were highly professional. The responses to the bid were well worded and showed that a lot of key events will be happening in the next few months which will add value to MTN.

Comparisons with other uranium transactions include Omegacorp - which got taken over for about $14/lb of inferred resource. Others include SMM also around that per pound, and SXR's purchase of Urasia.

They have also put up a timetable of their likely development. Their timeline seems as good as any other Australian deposit right now, and are aiming for a 2011 start date. This is realistic, but probably it cannot come earlier than that.
 
Re: MTN - Marathon Resources

Halba said:
Uraniumlover seems like you are lovin a lot of stocks today.... :1luvu:
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Haliba ,
it is hard not be just a little excited.
The only problem is i'm running out of money. Maybe you can lend me some Haliba so i can spread more love. Currently holding following u stocks
:1luvu:MTN, BMN, PNN, ACB, UKL, WMT, NTU, ERN, SMM, PDN, TOE :1luvu:
Out of all these MTN,PNN,TOE my favourites as SA. Living in SA i know how important these projects wll be for the state as SA needs it badly. Mike Rann won't last if these projects don't go through in my opinion. There has been a reduction of jobs in agriculture due to drought, economies of scale etc and the rural guys need Mining jobs.
With the Uranium conference in SA soon the likes of PNN, MTN, TOE should benefit in terms of foreign investment and exposure. I may attend if not too buzy to say hi to Sinosteel and other foreign investors.
 
Re: MTN - Marathon Resources

shinobi346 said:
I tore mine up today too. I would have torn it up a while ago but it must have got lost under the pile of paper on my desk. Buttermere talks about doing us a favour by taking the risk of holding MTN off us. I don't think so.


Dear Buttermere. Your desire to buy MTN only makes me want to hold more.
Click to expand...

You actually read it?! :eek:
 
Re: MTN - Marathon Resources

mmmmining said:
In addition to Mt Gee's 31,255t U3O8, there are resource estimates done by Exoil as follow: (MTN's ann on 2 Aug 2005)

Hodgkinson: 484t at 2200ppm
Armchair: 680t at 1000ppm
Streitberg: 600t at 1000ppm
Radium Ridge: 1211t at 700ppm
Total: 2975t at 1000ppm

MTN does not even mention this afterwards. They are all within 12km radius, and a good size deposits with further exploration upside that most uranium junior hopefuls are dying for.

Why?

If Mt Gee deposit is not real, I guess MTN will jump up and down about those smaller deposits.
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MTN need to break the all time high ($4.1) with large volume before everyone is convinced to forget about the Cosby's bulldogXShizi.

It might just around the corner with a positive drilling results from Armchair. Refer to my previous post, Armchair might have 680t uranium at 1000ppm. The amount is not significant, but it give rooms for people's imagination, Current Mt Gee is a small area, there are a lot more outside.
 
Re: MTN - Marathon Resources

Needs an announcement to break.

So far the breaks have not been convincing. All it will take is one DOW down and it will go back down :banghead:
 
Re: MTN - Marathon Resources

Halba said:
Needs an announcement to break.

So far the breaks have not been convincing. All it will take is one DOW down and it will go back down :banghead:
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The DOW was down last nite, didnt seem to bother the MTN open.
 
Re: MTN - Marathon Resources

nizar said:
The DOW was down last nite, didnt seem to bother the MTN open.
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I guess you are senior enough to read Halba.

Let me have a try: He did not have enough MTN (this is what the :banghead: for), and wish it goes down enough, so he can top it up like crazy...

Halba, deny it please!:D :D
 
Re: MTN - Marathon Resources

I think i got MTN covered, but it all depends on price doesn't it?

I think it will need a good announcement for it to break. But this is healthy price action nonetheless.

:sword: <<< break the wall downnn!
 
Re: MTN - Marathon Resources

Hi. Thought people had forgotten this stock! Fat prophets have a hold on it and a $400m dollar+ valuation(or around 7-8dollars), assuming $5/lb. They think the market is still undervaluing this resource. I agree.
 
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