NRZ - NeuRizer Ltd
- Thread starter Mistermoon
- Start date
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,005
Re: MTN - Marathon Resources
Certainly lost a bit of support hasn't it. Chart wise $4.00 looks like a speed bump, meeting 200d ma as well. Confidence must be lacking in Mt Gee, or just a lull for uranium explorers perhaps...U spot declining wouldn't be helping. They've all been sliding for the past few weeks.
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
Re: MTN - Marathon Resources
seems that there was a lot of people holding from 75 cents, a large amount of profits, people probably just protecting interests, slowing driving price down and the slump in uranium sector means that no one is picking up bargains.
maybe also pressure from fact that a lot of ppl holding from recent purchases would now also be in the red!
seems that there was a lot of people holding from 75 cents, a large amount of profits, people probably just protecting interests, slowing driving price down and the slump in uranium sector means that no one is picking up bargains.
maybe also pressure from fact that a lot of ppl holding from recent purchases would now also be in the red!
Re: MTN - Marathon Resources
.... make that $4.10!! Doesn't look good at all!! Glad i sold out earlier. The fact that the all ords are up today, doesn't seem to be making a difference. Guess it's still got some correcting to do. On the other hand, maybe a perfect buying opportunity for the long-term traders?
We'll just have to keep our eye on this one. Needs to recover a fair bit, before i trust it.
.... make that $4.10!! Doesn't look good at all!! Glad i sold out earlier. The fact that the all ords are up today, doesn't seem to be making a difference. Guess it's still got some correcting to do. On the other hand, maybe a perfect buying opportunity for the long-term traders?
We'll just have to keep our eye on this one. Needs to recover a fair bit, before i trust it.
- Joined
- 1 February 2007
- Posts
- 1,068
- Reactions
- 0
Re: MTN - Marathon Resources
Well, it seems I might not have been too far from the mark
Yes Im sure it is a bit of profit taking. MTN has performed outstanding over the last few months. I too think its the downturn in the U sector thats driving the price down, like most other Uranium stocks.
Now...where's that turn around price..hmm:bananasmi
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.
Well, it seems I might not have been too far from the mark
Yes Im sure it is a bit of profit taking. MTN has performed outstanding over the last few months. I too think its the downturn in the U sector thats driving the price down, like most other Uranium stocks.
Now...where's that turn around price..hmm:bananasmi
Re: MTN - Marathon Resources
not one to second guess this stock, as it could fly at a moments notice, but i originally thought the low 4's was the support...
barring that, i think there will be strong support at 3.60 which was butternuts revised offer.
go_nuke... if you are going to buy in, please let us know... so we can all sell.
not one to second guess this stock, as it could fly at a moments notice, but i originally thought the low 4's was the support...
barring that, i think there will be strong support at 3.60 which was butternuts revised offer.
go_nuke... if you are going to buy in, please let us know...
so we can all sell.Re: MTN - Marathon Resources
Well it looks like MTN is off to a strong start this morning (just like a lot of other U stocks). It tends to do so in the mornings, then creeps back down as the day goes on. We'll just have to see how the day pans out. Still think that it should still pass below the $4.00 mark.
Well it looks like MTN is off to a strong start this morning (just like a lot of other U stocks). It tends to do so in the mornings, then creeps back down as the day goes on. We'll just have to see how the day pans out. Still think that it should still pass below the $4.00 mark.
Re: MTN - Marathon Resources
Hopefully we will never see the 4 Dollar mark again... This company surprised me with a down day yesterday... a modest valuation is about $7 with the current fall in the uranium spot price... Remember that Deutsche Bak and Fat Profits had recommendations at around the $8.50 mark prior to the recent correction...
Hopefully we will never see the 4 Dollar mark again... This company surprised me with a down day yesterday... a modest valuation is about $7 with the current fall in the uranium spot price... Remember that Deutsche Bak and Fat Profits had recommendations at around the $8.50 mark prior to the recent correction...
Re: MTN - Marathon Resources
.... Don't let the fact that it's an up day fool you... If you have a look at a recent chart, you will see that there's an up day on every 4th or 5th day... therefore, probably a down day tomorrow.
I'll need further confirmation that the downtrend is truely over before i jump in!
Goodluck to everyone holding
.... Don't let the fact that it's an up day fool you... If you have a look at a recent chart, you will see that there's an up day on every 4th or 5th day... therefore, probably a down day tomorrow.
I'll need further confirmation that the downtrend is truely over before i jump in!
Goodluck to everyone holding
Re: MTN - Marathon Resources
With the sub prime mortgage debacle having undeserved influence on our markets, I believe that trying to get MTN cheaper than what it is now is more of a gamble as it will most likely return to it's all time high with JORC report due at the end of this month plus reports following next month... The only negative will be capital raising but I'm sure they will do that after the JORC report...
These are my opinions
Good luck with it Sam... as you haven't bought into to them yet you're clearly barracking for a cheaper entry whilst I'm not... tell us how you go...
With the sub prime mortgage debacle having undeserved influence on our markets, I believe that trying to get MTN cheaper than what it is now is more of a gamble as it will most likely return to it's all time high with JORC report due at the end of this month plus reports following next month... The only negative will be capital raising but I'm sure they will do that after the JORC report...
These are my opinions
Good luck with it Sam... as you haven't bought into to them yet you're clearly barracking for a cheaper entry whilst I'm not... tell us how you go...
- Joined
- 29 August 2006
- Posts
- 909
- Reactions
- 148
Re: MTN - Marathon Resources
Compared to where this stock was a couple of weeks ago, there certainly seems value at current prices.
Interested to hear holders thoughts on the low conversion factor of about 45% due to uncertainty about the continuity of the resource.
Currently only planning production of 13000t U3o8.
How much more do you think is expected from the upcoming results to change this??
cheers
Compared to where this stock was a couple of weeks ago, there certainly seems value at current prices.
Interested to hear holders thoughts on the low conversion factor of about 45% due to uncertainty about the continuity of the resource.
Currently only planning production of 13000t U3o8.
How much more do you think is expected from the upcoming results to change this??
cheers
Re: MTN - Marathon Resources
There is suppose to be a kind of feasibility study which indicates the approach the company must take to extract the minerals with as least disturbance to the aesthetics of the environment... Hence the only approach that can be taken in the Zone A area (strictest policy) will be underground... The purpose of such a report is to dampen the doubts investors have about mining in Mt Gee which is suspected of creating the cheapened share price when compared to it's peers...
There is suppose to be a kind of feasibility study which indicates the approach the company must take to extract the minerals with as least disturbance to the aesthetics of the environment... Hence the only approach that can be taken in the Zone A area (strictest policy) will be underground... The purpose of such a report is to dampen the doubts investors have about mining in Mt Gee which is suspected of creating the cheapened share price when compared to it's peers...
Re: MTN - Marathon Resources
Was lucky enough to get in at $4. :dance::dance: It may go down further, but at least i'm in, and don't need to sit here and watch the market every minute of the day.
There may be turbulence over the next month or so, in a couple of months, we'll by flying, high... back to where we were a short period of time ago (this is based on cycle analysis and charts over the last couple of years).
Let the good times roll....:bananasmi:bananasmiartyman:
Luck has been on my side! Goodluck to everyone holding!!
Was lucky enough to get in at $4. :dance::dance: It may go down further, but at least i'm in, and don't need to sit here and watch the market every minute of the day.
There may be turbulence over the next month or so, in a couple of months, we'll by flying, high... back to where we were a short period of time ago (this is based on cycle analysis and charts over the last couple of years).
Let the good times roll....:bananasmi:bananasmi
artyman:Luck has been on my side! Goodluck to everyone holding!!
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,005
Re: MTN - Marathon Resources
From XAO thread:
The reasons you were holding it are still there aren't they? If not, then you shouldn't have still been holding it perhaps?
Still might be a chance to milk this baby Insider! All the best!
From XAO thread:
Hmmmm, can't remember saying that exactly, but I think I know the comments you are referring to. However, now that you are out though, you need to be planning how to get back in on a turnaround, if/when it does. You may have just saved yourself some $$, and/or peace of mind, but one thing I always forget to do is buy back in on the turn around!
The reasons you were holding it are still there aren't they? If not, then you shouldn't have still been holding it perhaps?
Still might be a chance to milk this baby Insider! All the best!
- Joined
- 5 January 2007
- Posts
- 384
- Reactions
- 0
Re: MTN - Marathon Resources
I think a lot of people are of a like mind with you and I Sam; get in now and ride it out. Even on such a terrible day as today, seems like none of the uranium stocks I hold (MTN, PDN) have set new lows. Volume of buy/sells looks more healthy than recent days too. My feeling is that most of the weak longs have been shaken out already and people such as us are now loading up again, ready for the long-haul. Anyone who had read about the supply deficit exisiting in Uranium wouldn't be too worried about a short-term fall in the price. Long term, the lack of new supply will support the uranium price.
I think a lot of people are of a like mind with you and I Sam; get in now and ride it out. Even on such a terrible day as today, seems like none of the uranium stocks I hold (MTN, PDN) have set new lows. Volume of buy/sells looks more healthy than recent days too. My feeling is that most of the weak longs have been shaken out already and people such as us are now loading up again, ready for the long-haul. Anyone who had read about the supply deficit exisiting in Uranium wouldn't be too worried about a short-term fall in the price. Long term, the lack of new supply will support the uranium price.