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Re: MTN - Marathon Resources

Kimosabi said:
I wish I'd bought them like the person who started this thread at 30 cents.

I wonder if he held onto them though...
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Yeah..definitely an amazing run. Its hard to get them all. My money is all tied up. I did have a chance to jump in at 2.70 though and didn't. Well done to the holders.
 
Re: MTN - Marathon Resources

chris1983 said:
Yeah..definitely an amazing run. Its hard to get them all. My money is all tied up. I did have a chance to jump in at 2.70 though and didn't. Well done to the holders.
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I can't help it.

I think someone put as nuke under this stock...
 
Re: MTN - Marathon Resources

Correct. They never mention MTN. I have emailed the journalist twice and they haven't responded.
 
Re: MTN - Marathon Resources

chris1983 said:
haha..I wish I had these :)
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i told ya chris... this is the best one of the lot... even last week you could have made mega bucks.

i've been holding this share since 80c, what a beauty... sold 2/5 of my holding in the March crash and free carrying the other 3/5ths



now... imagine what happens when the popular press actually mention MTN...!

its done all this is without any press coverage... amazing..


always said, for a non producer, WITH JORC, fair value is 10% of value of inground resource at current U spot price...

originally, that was $8/lb, now $12/lb...


What is MTN still valued at... around $5/lb - $6/lb???
 
Re: MTN - Marathon Resources

What is peoples outlook on MTN over the next few weeks? My gut feeling alone says it will drop a little bit the next few days. Is it a stock worth buying into still?
 
Re: MTN - Marathon Resources

Can't give advice, but its trading at $4.50 a pound on current valuation. Based on 80 mil pounds. The peer values are $10-20/lb so it's selling at about half to a third of the industry valuation. Now Rann has said he is opening up the state, MTN should be revalued.
 
Re: MTN - Marathon Resources

big gap between buyers and sellers

Buyers
Number Quantity Price
2 1100 6.100
3 5947 6.080
1 2578 6.070
2 5800 6.060
2 9300 6.050
2 1332 6.010
1 5000 6.000
1 300 5.950
1 1928 5.940
1 8877 5.920


Sellers
Price Quantity Number
6.200 16129 1
6.340 10000 1
6.350 5000 1
6.370 450 1
6.390 880 1
6.400 21576 2
6.420 7200 1
6.520 2000 1
6.600 5000 2
6.650 7500 1
 
Re: MTN - Marathon Resources

My outlook for the next couple of days is for a retrace. This is based on the following: 1) The gap in SP from the 13th to 16th April is, I believe an exhaustion gap and signals this very impressive run up only has today (with a very small chance of tomorrow) to post the high prior to falling back.
2) An incease in SP of greater than 50% in about 8 trading days is very impressive but without any volume support does not look sustainable.
3) The most important reason is that; as someone who doesn't hold any MTN, I am hoping it falls because I am really jealous of those who do hold it.
 
Re: MTN - Marathon Resources

Doesn't seem to be retracing much, always a keen buyer I notice, there is still strong bid depth. Perhaps the technicals will only occur when the fundamentals look less attractive, but it has a JORC resource of 80 million pounds so has to get revalued.
 
Re: MTN - Marathon Resources

jammin said:
My outlook for the next couple of days is for a retrace. This is based on the following: 1) The gap in SP from the 13th to 16th April is, I believe an exhaustion gap and signals this very impressive run up only has today (with a very small chance of tomorrow) to post the high prior to falling back.
2) An incease in SP of greater than 50% in about 8 trading days is very impressive but without any volume support does not look sustainable.
3) The most important reason is that; as someone who doesn't hold any MTN, I am hoping it falls because I am really jealous of those who do hold it.
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Jammin.
MTN doesnt need volume to run.
The run from $1 to $4 didnt have many days with volume >500k.
Thats what happens when total shares on issue is 60million.
 
Re: MTN - Marathon Resources

Nice close at $6.26. Could go higher, ALP conference is in a week and as nizar mentioned doesn't need volume to increase. Notably one of few uranium companies to go up today, rest heavily down.
 
Re: MTN - Marathon Resources

I'm led to believe that the cost of uranium went up again today. Can anyone confirm this?:)
 
Re: MTN - Marathon Resources

nizar said:
Jammin.
MTN doesnt need volume to run.
The run from $1 to $4 didnt have many days with volume >500k.
Thats what happens when total shares on issue is 60million.
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Nazir,
The SP action supports your statement.
What concerns me is relative reduction in volume over late March and April.

Halba, regarding your comment "Perhaps the technicals will only occur when the fundamentals look less attractive". I agree the fundamentals could be driving the SP but I would have thought the technical indicator of volume moving average would have confirmed the fundamentals view by by increasing rather than decreasing. I interpret the rapid price increase occurring with decreasing volume as greed taking hold of the SP and not positive fundamentals.
The good part of this is that in a couple of days I will see if I am right or wrong, as a retrace down to a support level of around $4.50 won't take long.
 

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Re: MTN - Marathon Resources

This has had a great run. Must have a pause soon IMO. I've taken profits now and running free.

Still seems undervalued for long term holders IMO. All the best.
 

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