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Re: MTN - Marathon Resources
Result out.
Still not effecting the market though... -sigh-
Result out.
Still not effecting the market though... -sigh-
NRZ - NeuRizer Ltd
- Thread starter Mistermoon
- Start date
RichKid
PlanYourTrade > TradeYourPlan
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Re: MTN - Marathon Resources
Are we to assume that the results were known so sp has already 'reacted' (ie poor results so has fallen over last few days) or that the results are not that significant (hence no movement).
YT, I'm interested in what fat prophets said about MTN, did they have a price target or time line for when value would be recognised?
powerkoala said:Result out.
Still not effecting the market though... -sigh-
Are we to assume that the results were known so sp has already 'reacted' (ie poor results so has fallen over last few days) or that the results are not that significant (hence no movement).
YT, I'm interested in what fat prophets said about MTN, did they have a price target or time line for when value would be recognised?
RichKid
PlanYourTrade > TradeYourPlan
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Re: MTN - Marathon Resources
Emmm, looks like it's just the quaterly reporting, can't see any recent reports on drilling. A positive is that it's just sitting on a previous high, a negative is that it' s not established support yet. Short term selling pressure appears to be around.
Emmm, looks like it's just the quaterly reporting, can't see any recent reports on drilling. A positive is that it's just sitting on a previous high, a negative is that it' s not established support yet. Short term selling pressure appears to be around.
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Re: MTN - Marathon Resources
These aren't the results, they are activity reports,
But like I said when they are out market may not notice,
Fats says buy up to $1.07 medium time frame, its apparently they're favourite uranium stock, they eagerly anticipate the results
YOUNG_TRADER said:
These aren't the results, they are activity reports,
But like I said when they are out market may not notice,
Fats says buy up to $1.07 medium time frame, its apparently they're favourite uranium stock, they eagerly anticipate the results
RichKid
PlanYourTrade > TradeYourPlan
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Re: MTN - Marathon Resources
Great article YT, thanks, liked the humour too. ERA is hitting resistance atm, appears to be ranging more than anything else.
YOUNG_TRADER said:
Great article YT, thanks, liked the humour too. ERA is hitting resistance atm, appears to be ranging more than anything else.
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Re: MTN - Marathon Resources
Think market won't effect much as they already wait too long.
Well, I still hold though.
Hope some good news arrives.
Think market won't effect much as they already wait too long.
Well, I still hold though.
Hope some good news arrives.
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Re: MTN - Marathon Resources
Hi I did a bit of investigating on mining at MT Gee
I sent this letter as follows
Dear Sir / Madam
Hi, I belong to a sharetraders forum and I'm trying to get to the bottom of a debate concerning Marathon Resources mining at MT Gee in the Arakoola region of the North Flinders Ranges
There is a lot of speculation going on that mining will never happen there because of conservation and cultural concern's
I have researched thru a lot of the legislation but as a layman the the acts such as the Environment Protection & Biodeversity Act 1999 are all pretty heavy reading but seem to suggest that approval for mining would be difficult
I was hoping that maybe you could give me your personal opinion on mining at Mt Gee and maybe some other contacts that would be informed on this subject
Thank's Your's Sincerely
The Reply
Thank you for your query. As you are aware Marathon Resources have been conducting exploration activities within the Mt Gee area, which occurs within the Arkaroola Sanctuary. Exploration and mining activities are permitted to occur within Sanctuaries in South Australia. Exploration for Uranium in the Mt. Gee area has occurred since the late 1960’s. It should be noted that Marathon Resources are in the early stages of exploration.
The Regulation and Rehabilitation Branch (of Minerals and Energy, PIRSA) are the regulatory authority for mining activities within South Australia. If Marathon Resources does decide to apply for a mining lease over the Mt Gee area, the proposal would be assessed via PIRSA’s standard regulatory consultation/assessment process. This requires consultation with relevant state government agencies, community groups and individuals. The proposal would also be referred to the Federal Department of the Environment and Heritage as the proposal would trigger the EPBC Act 1999 (likely reasons: Nuclear Action and Threatened Species and Communities). This would result in a Federal / State consultation/assessment process. Only after the standard regulatory consultation/assessment process is complete, would a decision to approve or reject a mining lease be made by appropriate state and federal government Ministers.
For further information on this matter please contact the Regulation and Rehabilitation Branch (PIRSA) on 8463 3112 or refer to the following website for further details concerning mineral exploration and mining in South Australia http://www.pir.sa.gov.au/sector5.shtml.
Kind Regards
Daniel Radulovic
Environmental Officer – Mining (DEH)
I know the reply is as much as I expected ie there been no opinion
but the regulatory conditions do seem quite restrictive and I personally think if Rupert is half correct it will be the EPBC act that stands in the way of mining at Mt Gee...pure speculation on my part...I sold at 1.16 I may live to regret it but the stress it was giving me trying to get to the bottom of this,I figured it was better redirecting my focus somewhere a little less controversial
Hi I did a bit of investigating on mining at MT Gee
I sent this letter as follows
Dear Sir / Madam
Hi, I belong to a sharetraders forum and I'm trying to get to the bottom of a debate concerning Marathon Resources mining at MT Gee in the Arakoola region of the North Flinders Ranges
There is a lot of speculation going on that mining will never happen there because of conservation and cultural concern's
I have researched thru a lot of the legislation but as a layman the the acts such as the Environment Protection & Biodeversity Act 1999 are all pretty heavy reading but seem to suggest that approval for mining would be difficult
I was hoping that maybe you could give me your personal opinion on mining at Mt Gee and maybe some other contacts that would be informed on this subject
Thank's Your's Sincerely
The Reply
Thank you for your query. As you are aware Marathon Resources have been conducting exploration activities within the Mt Gee area, which occurs within the Arkaroola Sanctuary. Exploration and mining activities are permitted to occur within Sanctuaries in South Australia. Exploration for Uranium in the Mt. Gee area has occurred since the late 1960’s. It should be noted that Marathon Resources are in the early stages of exploration.
The Regulation and Rehabilitation Branch (of Minerals and Energy, PIRSA) are the regulatory authority for mining activities within South Australia. If Marathon Resources does decide to apply for a mining lease over the Mt Gee area, the proposal would be assessed via PIRSA’s standard regulatory consultation/assessment process. This requires consultation with relevant state government agencies, community groups and individuals. The proposal would also be referred to the Federal Department of the Environment and Heritage as the proposal would trigger the EPBC Act 1999 (likely reasons: Nuclear Action and Threatened Species and Communities). This would result in a Federal / State consultation/assessment process. Only after the standard regulatory consultation/assessment process is complete, would a decision to approve or reject a mining lease be made by appropriate state and federal government Ministers.
For further information on this matter please contact the Regulation and Rehabilitation Branch (PIRSA) on 8463 3112 or refer to the following website for further details concerning mineral exploration and mining in South Australia http://www.pir.sa.gov.au/sector5.shtml.
Kind Regards
Daniel Radulovic
Environmental Officer – Mining (DEH)
I know the reply is as much as I expected ie there been no opinion
but the regulatory conditions do seem quite restrictive and I personally think if Rupert is half correct it will be the EPBC act that stands in the way of mining at Mt Gee...pure speculation on my part...I sold at 1.16 I may live to regret it but the stress it was giving me trying to get to the bottom of this,I figured it was better redirecting my focus somewhere a little less controversial
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Re: MTN - Marathon Resources
Ouch...
This stock really got smashed...
Still wont bail out....
Ouch...
This stock really got smashed...
Still wont bail out....
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Re: MTN - Marathon Resources
Any lower is worrying, especially below 80c,
YOUNG_TRADER said:
Any lower is worrying, especially below 80c,
Re: MTN - Marathon Resources
The problem with MTN, is that it is being traded on relatively low volumes. It seems to me it is the small investor (ie us) that is making the price fall, not the Institutions. As YT has said, I think the small investor is sick of waiting for the drilling reports, and can see better value by putting there money in other stocks.
Trouble is, now no matter how good the drilling reports maybe, I am worried people will not take notice, having moved on.
But anyway, I am just glad BKY is moving up today
Rick
PS. Yes I hold MTN.
The problem with MTN, is that it is being traded on relatively low volumes. It seems to me it is the small investor (ie us) that is making the price fall, not the Institutions. As YT has said, I think the small investor is sick of waiting for the drilling reports, and can see better value by putting there money in other stocks.
Trouble is, now no matter how good the drilling reports maybe, I am worried people will not take notice, having moved on.
But anyway, I am just glad BKY is moving up today
Rick
PS. Yes I hold MTN.
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Re: MTN - Marathon Resources
Hm,...
Everyday got bashed 7%
How you feel ?
So cheap yet nobody want it....
Any idea now Young Trader?
Hm,...
Everyday got bashed 7%
How you feel ?
So cheap yet nobody want it....
Any idea now Young Trader?
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Re: MTN - Marathon Resources
Like I said Power, LT is great, by far THE LOWEST EV Uranium player, short term chart suggests down-trend and lack of news will not help fix situation,
YOUNG_TRADER said:
Like I said Power, LT is great, by far THE LOWEST EV Uranium player, short term chart suggests down-trend and lack of news will not help fix situation,
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Re: MTN - Marathon Resources
Also you say so cheap, but the news they have now is the same as before when I first bought @ 60c (and have traded many times since taking profits), only thing that has changed is markets view on Uranium and spot price U3O8,
Support level I see, 80c, 75c, 65c, 55c
It will look cheap the lower it falls, how low will it go who knows?
Did anyone predict that Mega Uranium would take over HMR? I didn't,
Why HMR and not MTN? Who knows, they are both in South Aus and MTN has 33kt Uranium while HMR has none, MTN has IMO some of the best Uranium ground in South Aus, it also has the lowest EV per lb, yet no take over offers,
Also you say so cheap, but the news they have now is the same as before when I first bought @ 60c (and have traded many times since taking profits), only thing that has changed is markets view on Uranium and spot price U3O8,
Support level I see, 80c, 75c, 65c, 55c
It will look cheap the lower it falls, how low will it go who knows?
Did anyone predict that Mega Uranium would take over HMR? I didn't,
Why HMR and not MTN? Who knows, they are both in South Aus and MTN has 33kt Uranium while HMR has none, MTN has IMO some of the best Uranium ground in South Aus, it also has the lowest EV per lb, yet no take over offers,
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Re: MTN - Marathon Resources
I think market just knock everything down today.
Even nice stock got bashed so why not MTN as well
Cheers
I think market just knock everything down today.
Even nice stock got bashed so why not MTN as well
Cheers
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Re: MTN - Marathon Resources
Stock may have bottomed @ 80c, be interesting to watch,
Drill results are still not out, has jumped up today by 15%,
Stock may have bottomed @ 80c, be interesting to watch,
Drill results are still not out, has jumped up today by 15%,
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Re: MTN - Marathon Resources
Result out
Finally :swear:
Result out
Finally :swear:
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Re: MTN - Marathon Resources
Don't worry mate.
Patient is virtue.
At least now we can go NORTH:
Don't worry mate.
Patient is virtue.
At least now we can go NORTH
:
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Re: MTN - Marathon Resources
I suppose that as the company's name suggests, its a 'Marathon' But the company's management have done a ****e job IMO, due to the long delay and lack of news flow the stock began to drop and thus now when news is released there's not enough buyers to generate enough momentum to start upward trend, hence stock will face strong selling on the way up,
That + the fact that there will be little to no activity till the end of the year is telling me not to buy back in, but rather to wait for next Uranium Bull Run, like I always said you have to overlay technical with fundamental analysis.
An article or fat prophets commentary may cause short upward swing, but long term stock may drift back to 66c level.
I suppose that as the company's name suggests, its a 'Marathon' But the company's management have done a ****e job IMO, due to the long delay and lack of news flow the stock began to drop and thus now when news is released there's not enough buyers to generate enough momentum to start upward trend, hence stock will face strong selling on the way up,
That + the fact that there will be little to no activity till the end of the year is telling me not to buy back in, but rather to wait for next Uranium Bull Run, like I always said you have to overlay technical with fundamental analysis.
An article or fat prophets commentary may cause short upward swing, but long term stock may drift back to 66c level.