NRZ - NeuRizer Ltd

[Sean K]

Re: MTN - Marathon Resources

I don't know if I'd say I was excited, but it looked pretty good to me. I Liked the "A revised resource statement will be released shortly, once signed off by the independent resource estimation consultants." bit. It doesnt look like this is too far away which will hopefully get the company a bit more attention again and maybe going in the other direction.

Yes, deft, I am looking forward to this too. Won't be far away. If they get another 10-20m lbs JORC then this can be added to their ev/lb ratio and make them look even cheaper. I can't help think that it's the entire environmental/underground mining issue that is holding them back.

 

[insider]

Re: MTN - Marathon Resources

What annoys me is that shareholders again are the last people to know about the announcement which clearly says 'capital raising' on the horizon. people had obviously reacted sold prior to the announcement because of insider knowledge... the company wasn't like this 6 months ago...

 

[deftfear]

Re: MTN - Marathon Resources

What annoys me is that shareholders again are the last people to know about the announcement which clearly says 'capital raising' on the horizon. people had obviously reacted sold prior to the announcement because of insider knowledge... the company wasn't like this 6 months ago...

What makes it clear as to capital raising? All I can see are that they are nearly out of money, but if they were to raise funds, all they would need to issue would be about 1,000,000 shares @ $5 to keep them going for another 6 months or so. Pretty good compared to when they raised funds last year.

 

[insider]

Re: MTN - Marathon Resources

What makes it clear as to capital raising? All I can see are that they are nearly out of money, but if they were to raise funds, all they would need to issue would be about 1,000,000 shares @ $5 to keep them going for another 6 months or so. Pretty good compared to when they raised funds last year.

No crap... Companies have 2 options to get money... one is to borrow from the bank and the other is to issue more shares... They certainly are not going to borrow from the bank so they are going to issue more shares... I have never seen the SP go up on an announcement stating the issue of shares at a discounted price... It always goes down... And the offered shares are normally considerably lower than the current SP... Yes I do know that sometimes they put conditions like existing shareholders only or whatever...

What I'm getting to is that the SP will be down for a little while longer than we all anticipated prior to todays announcement and everybody who gets privileged access to announcements before they're made public have the upper hand in reacting to it...

Not that I was selling mine anyway

 

[insider]

Re: MTN - Marathon Resources

What makes it clear as to capital raising? All I can see are that they are nearly out of money, but if they were to raise funds, all they would need to issue would be about 1,000,000 shares @ $5 to keep them going for another 6 months or so. Pretty good compared to when they raised funds last year.

Let's hope that by the time MTN decide to raise funds for mining that the SP is around $20 so that way they just need to issue another 10,000,000

 

[MBI]

Re: MTN - Marathon Resources

It looks like the company has a reasonable timeline to the BFS, seems a lot more focused than the company previously was. Probably the doing of new directors.

Not quite share the same view that they are more focused. It was run by a geologist all this long till April this year. So it is very much geology-centric which is okay until the resources are JORCed. They appointed new CEO supposedly an ex-BHP/Rio/WMC executive with project implementation experience in April. But sofar I have yet to see or hear anything of clarity moving forward beyond resource estimate and high level blah blah blah on scoping and feasibility studies. Neither am I impressed with the implementation schedule in this latest announcement because it does not offer anything new (as Kennas has pointed out correctly) to what the mkt already knew. That is why I had asked the question whether anyone heard about this new CEO in an earlier post (yet to hear from anyone). Quite disappointing really, compared to the focused, progressive mgt team in Wild Horse (which may worth your while to take a closer look). WHorse was listed late last year and has just announced a JORC inferred resource of 10m lb in Europe. Their SP needless to say has shot up the past few weeks and especially when they recruited the ex-CFO from Summit Resources (which was acquired by PDN) providing indication that things are hotting up with a senior funding expertise on deck.

MTN needs to step forward and do better in communicating and spelling out their detailed project plan because its valuation has reached a stage where further appreciation requires clarity as to how they are going to monetise the identified resource. They are not very good in doing this since day-one but is now a critical factor for the mkt to embrace its potential. Sofar the new CEO seems to be lost in action.

Cheers

 

[Go Nuke]

Re: MTN - Marathon Resources

MTN certainly getting punished today!:whip

A low of $5.11 so far.
I was wishing I had been a part of the MTN group, but right now Im happy not to be in it.
I thought it might have stopped at support of $5.20 but blown by that today.

I can't see the next support line till about $3.80
Perhaps the 200 moving average will save it?

Good luck to anyone holding.

 

[Rafa]

Re: MTN - Marathon Resources

200DMA is a long long way away..

but almost every other U stock besidse MTN has hit that line in the recent weeks... why not MTN i guess... (on that note, BMN has bounced off quite nicely off it)

Cap raising is going to be a significant driver for near term SP movement...
i would anticipate cap raising to be between $4 - $5, the higher the better of course.

time to get out was when it broke major trend line (as per lachlan post late june, and kennas's post a week or so ago).... regardless... the next few weeks may present a good buying opp, but the major uptrend looks shot.

 

[insider]

Re: MTN - Marathon Resources

MTN certainly getting punished today!:whip

A low of $5.11 so far.
I was wishing I had been a part of the MTN group, but right now Im happy not to be in it.
I thought it might have stopped at support of $5.20 but blown by that today.

I can't see the next support line till about $3.80
Perhaps the 200 moving average will save it?

Good luck to anyone holding.

The reason why I don't see the price falling down to 3.80 is that along the way price triggers will go off and people will be picking up shares... I think its nervous selling from now on... Having said that anything is possible

 

[clint87]

mtn marathon resources limited

does anyone know whats going on with mtn in the last week they have had a big down in the last week but i carnt find any reason for it the compony annoucments are still positive

 

[Lachlan6]

Re: MTN - Marathon Resources

Gday all MTN holders. Dont despair (not yet anyway), MTN may have hit fundamental support. The thing I liked about today's action for MTN was both it was against the general trend of the market and that it has formed a bullish engulfing pattern, which can only be confirmed on Monday's trading day. Furthermore has hit support from mid May lows, so I think there is a high chance this will be the lows for the time being. I am still glad I got out at $5.81, however if I was to initiate a new position I would like to see a definent sign of reversal or even a break to new highs.

 

[nomore4s]

Re: MTN - Marathon Resources

Gday all MTN holders. Dont despair (not yet anyway), MTN may have hit fundamental support. The thing I liked about today's action for MTN was both it was against the general trend of the market and that it has formed a bullish engulfing pattern, which can only be confirmed on Monday's trading day. Furthermore has hit support from mid May lows, so I think there is a high chance this will be the lows for the time being. I am still glad I got out at $5.81, however if I was to initiate a new position I would like to see a definent sign of reversal or even a break to new highs.

Lachlan, I agree with you very strong day considering the overall market, Have a look at todays volume, somebody was buying, over 2x the ave vol for the last few months, with a close at the high. Will be one to watch over the next few days/weeks.

I exited my position at $5.94 after it broke through the trend line, will be looking to re-enter if there is some follow up confirmation to todays bar.

 

[MBI]

Re: MTN - Marathon Resources

Thanks guys for the trend analysis. It really received a good beating this week. Good that both of you (nomore4s and lachan6) bailed out just below 6.00 with opportunity to re-enter - well done mate. Missed it totally, should have been more vigilant when Kennas shrewdly flagged out the sell signal. Nevertheless glad it has recovered some lost ground during the last hr today.

 

[samtomo]

Re: MTN - Marathon Resources

Hi everyone

I'm new to this forum, but have been investing in the uranium stocks for over a year. I bought some MTN a few months ago, and am wondering whether it's time to get out. I don't mind minor corrections, as i invest for the long-term. I read Kennas' post, about bailing, and i should have, but wasn't lucky enough to do so. I feel that the share price will recover, as it is still undervalued and the uranium bull market should not be over yet, but would like some input in relation to time frame.... or maybe i have it wrong, and the trend has changed?

Your assistance would be greatly appreciated, as i'm hitting my head against a brick wall for not pulling out. So my question is, do i wait it out, or bail?

Thankyou

 

[Sean K]

Re: MTN - Marathon Resources

Hi everyone

I'm new to this forum, but have been investing in the uranium stocks for over a year. I bought some MTN a few months ago, and am wondering whether it's time to get out. I don't mind minor corrections, as i invest for the long-term. I read Kennas' post, about bailing, and i should have, but wasn't lucky enough to do so. I feel that the share price will recover, as it is still undervalued and the uranium bull market should not be over yet, but would like some input in relation to time frame.... or maybe i have it wrong, and the trend has changed?

Your assistance would be greatly appreciated, as i'm hitting my head against a brick wall for not pulling out. So my question is, do i wait it out, or bail?

Thankyou

Sam, The only thing in doubt long term for MTN in my opinion is whether they will be allowed to mine or not. I spoke to the company about it and they gave me the 'no answer, answer' which is that Mt Gee is in a Class A Environmental Zone and if the State or Fed Gov decides that mining there is in the State or National interest, then they will get approval. That is one of the reasons they're going for an underground mine. If/when someone official like says they support mining here, then it should go great, IMO. And vikyversa, of course!! It's still spec until this decision is made. Personally, I think this is a very significant mine to a State pro uranium, and will overtake importance of the yellow footed rock wallaby. Unless PG gets his nose in the way. I suggest you call or email the company to discuss this for yourself. Cheers.

 

[samtomo]

Re: MTN - Marathon Resources

Thanks a heap Kennas

Just went through a stress attack. Your advice was very much helpful and appreciated.

 

[Rafa]

Re: MTN - Marathon Resources

In my opinion MTN has entered the BUY range, just above the $4 mark
Did anyone jump in today??? I got a few...

oh dear

 

[insider]

Re: MTN - Marathon Resources

No but my port folio is limping... MTN has dragged me down from 68,000 to 45,000... I'm 4 months away from 50% CGT and now this... I got paralysis of analysis seeing as I spent the first 2 weeks of this correction finishing up at Uni even though I prepared for a correction like this with high interest rate bank accounts but I wasn't around for it when it started.. Now I sit and wait as a decision becomes harder and harder to commit to... Bad timing...

 

[Rafa]

Re: MTN - Marathon Resources

know what you mean...
good thing you started that holiday thread
i think i'll definitely need one after this!

 

[Rafa]

Re: MTN - Marathon Resources

MTN off to a flyer, still long way to go to get to fair value... whatever that might be...

certainly, markets looks rather friendly today...