NRZ - NeuRizer Ltd

[prs]

Re: MTN - Marathon Resources

My my, I'm glad I'm not being sentenced by some of you lot. I'd be hanged before all the facts came out. How bloody judgmental are you guys? Marathon is a responsible and solid company with considerable JORC who are keen to get to mining stage. You guys blowing this out of proportion really aren't doing them any justice at all.
Are any of you in possession of the absolute facts or are you going by what you read in the media? Did MTN management actually know what was going on with the dumping or was it just one person's act of irresponsibility? Do you honestly think that a company as experienced as MTN would deliberately dump sensitive material such as this in a sensitive area knowing that they may jeopardize any chance of achieving mining status? There are probably a few other questions I could ask if I really thought about it.
What are we in this game for, to judge a company that could potentially earn us some good cash or make assumptions borne out of circumstantial evidence and not absolute facts?
Time for my opinion. MTN management didn't have a clue that this breach had occurred and dealt with it in the most appropriate manner considering their position. I wouldn't mind betting that the clown that did the deed is looking for alternative employment.
I'm sticking with them, why, because they have the goods and there is a greater need for those goods. Look at their sp, it fluctuates just like the other uranium players and I'll make a wager that when the indicators are right and things settle down more, they'll take off better than most. They're still very undervalued aren't they?

 

[Dratoz]

Re: MTN - Marathon Resources

Thanks PRS, good post. Recently a rugby(?) player has broken his colleague's jaw. He was allowed to go on and play another match, because he was “innocent until proven guilty”. Well, this was a much clearer cut than what happened to MTN.

I agree that we need to wait for the facts before passing judgement and... let’s apply the same standard to MTN as we do to ordinary hooligans, who would be given the benefit of the doubt.

Regards,
Dratoz

 

[peteai]

Re: MTN - Marathon Resources

While I noticed a lot of talk of doom for MTN I was very surprised that relatively little stock changed hands & there was enough buyers to keep the stock from falling very much.

My question is : shouldn't the punishment fit the crime. How much damage was done ? And Are they repeating this kind of breach ?
I understand that the samples in the bags are harmless. I can understand they should remove the samples (i.e restore the "damage") and some sort of penalty - e.g suspension of drilling until fully investigated.

But we're not talking about a disaster & it probably takes an example like this for any company to take its internal policies seriously. I bet MTN is now scrutinising every future & past activity it does.

I don't think this a reason to shut MTN down - i.e of course, some want to shut MTN down whatever.

__________
PETEAI

 

[jman2007]

Re: MTN - Marathon Resources

My my, I'm glad I'm not being sentenced by some of you lot. I'd be hanged before all the facts came out. How bloody judgmental are you guys? Marathon is a responsible and solid company with considerable JORC who are keen to get to mining stage. You guys blowing this out of proportion really aren't doing them any justice at all.
Are any of you in possession of the absolute facts or are you going by what you read in the media? Did MTN management actually know what was going on with the dumping or was it just one person's act of irresponsibility? Do you honestly think that a company as experienced as MTN would deliberately dump sensitive material such as this in a sensitive area knowing that they may jeopardize any chance of achieving mining status? There are probably a few other questions I could ask if I really thought about it.
What are we in this game for, to judge a company that could potentially earn us some good cash or make assumptions borne out of circumstantial evidence and not absolute facts?
Time for my opinion. MTN management didn't have a clue that this breach had occurred and dealt with it in the most appropriate manner considering their position. I wouldn't mind betting that the clown that did the deed is looking for alternative employment.
I'm sticking with them, why, because they have the goods and there is a greater need for those goods. Look at their sp, it fluctuates just like the other uranium players and I'll make a wager that when the indicators are right and things settle down more, they'll take off better than most. They're still very undervalued aren't they?

Well if you're so sure that the indicators are right and it's going to take off again, then why can't you make your own decision about whether it's undervalued or not?

It doesn't matter if it was 1 person repsonsible or 25 people responsible for dumping waste. At the end of the day, it is still work being carried under MTN's banner and senior management have to carry the can. Responsibilty comes with seniority, and that's why they get paid the big bucks. Try telling the DPI that it was "one person's act of irresponsibity therefore we didn't know about it, so you shouldn't fine us" and they'd collapse laughing.

You might want to do some background research on MTN yourself, the Geo's I have dealings with in SA claim that MTN originally tried to claim work from previous companies as their own, made ridiculous assumptions in correlating profiles in section that were hundreds of meters apart, and reported EOH mineralisation when in actual fact, the hole continued and ended in barren rock. Oh and by the way, I don't get my info from the meida, but from formulating my own opinions and talking to people who actually know what they're on about.

jman

 

[reece55]

Re: MTN - Marathon Resources

Well if you're so sure that the indicators are right and it's going to take off again, then why can't you make your own decision about whether it's undervalued or not?

It doesn't matter if it was 1 person repsonsible or 25 people responsible for dumping waste. At the end of the day, it is still work being carried under MTN's banner and senior management have to carry the can. Responsibilty comes with seniority, and that's why they get paid the big bucks. Try telling the DPI that it was "one person's act of irresponsibity therefore we didn't know about it, so you shouldn't fine us" and they'd collapse laughing.

You might want to do some background research on MTN yourself, the Geo's I have dealings with in SA claim that MTN originally tried to claim work from previous companies as their own, made ridiculous assumptions in correlating profiles in section that were hundreds of meters apart, and reported EOH mineralisation when in actual fact, the hole continued and ended in barren rock. Oh and by the way, I don't get my info from the meida, but from formulating my own opinions and talking to people who actually know what they're on about.

jman

Jman
I consult to a leading exploration entity in SA in my capacity as an accountant and the same views re the dodgy assumptions in their supposed JORC were relayed to me too...... The summary I received from the expert Geo's was there was an awful lot creative interpretation to build the resource, because the number of drill results were insufficient to perform the calculation.... They likened it to joining the dots when they were in actual fact very far apart....

Sounds like there are a few sad investors on this board......... Perhaps they are looking at MTN's chart upside down?

Cheers

 

[Dratoz]

Re: MTN - Marathon Resources

Interestingly, the sad investors are not very active in posting. Quite the opposite, the most active posters at the moment are those with all the knowledge and no apparent holding (and hence with no apparent interest in posting). Hmmm. I find it strange, but then I may be an isolated case.

We will find out sooner or later if the already undeniably substantial resource is in fact much bigger. Those who post unsupported gossip should think twice, or they should provide reference to the source IMO. Just stating that "I heard something from someone but I can't tell you who it was" is, IMO, unethical and shows disregard to readers.

Dratoz

 

[peteai]

Re: MTN - Marathon Resources

Dratoz, you make a very good point. I have some MTN stock because I think it is too cheap given its potential up side. I accept there is a possile down side. I also have a stake in the environment I've invested in Hot Rock companies.

However, I request fellow bloggers to look at the whole picture. Everything of significance has pros & cons. Re: the environment I think the Uranium MTN may produce could have great benefits in terms of reducing Co2, & I think the co2 problem is a looming global catastrophe.

Personally I don't invest in company that I consider does excessive environment damage. IMO clean coal is unproven so I do not invest in coal miners.

The buried bags of samples was a mistake by MTN, but insignificant environmentally. But many want it blown out proportion to satisfy their egos or for some their decision to bail out of MTN.
_________
PETEAI

 

[reece55]

Re: MTN - Marathon Resources

Interestingly, the sad investors are not very active in posting. Quite the opposite, the most active posters at the moment are those with all the knowledge and no apparent holding (and hence with no apparent interest in posting). Hmmm. I find it strange, but then I may be an isolated case.

We will find out sooner or later if the already undeniably substantial resource is in fact much bigger. Those who post unsupported gossip should think twice, or they should provide reference to the source IMO. Just stating that "I heard something from someone but I can't tell you who it was" is, IMO, unethical and shows disregard to readers.

Dratoz

Disregard to posters? Quite the opposite Dratoz, I want my fellow ASF's to make loads of $$ on the stock market, after all that is what we are here for. I have personally been active on this thread lately because I personally feel there are some very good reasons why you don't want to be a shareholder in this Company. So far, I think you will agree looking at the share price I have been right. Let me be frank, I have no vested interest in seeing this share price go up or down other than out of sheer curiosity. However, I think most here on this forum would vouch for me when I say I am not one to purposely attempt to have no regard to fellow posters, in fact quite the opposite.

As for unsupported gossip, well ok, fair enough. I can't give a source - I mean, why would I really quote my clients in a public forum mate? At the end of the day, each person must do there own assessment on the reasonableness of the resources calc and personally I don't have the expertise or the time to do so. All I was saying was people in the know questioned the reliability of the calculation - this is not creating idle gossip, this is asking fellow ASF investors to question it. If you then still consider MTN a good investment, then go for it. But I was warning 'look before you leap' with this one if the resource is attractive to you.... and it seems I'm not the only one with that view...

Cheers

 

[jman2007]

Re: MTN - Marathon Resources

Interestingly, the sad investors are not very active in posting. Quite the opposite, the most active posters at the moment are those with all the knowledge and no apparent holding (and hence with no apparent interest in posting). Hmmm. I find it strange, but then I may be an isolated case.

We will find out sooner or later if the already undeniably substantial resource is in fact much bigger. Those who post unsupported gossip should think twice, or they should provide reference to the source IMO. Just stating that "I heard something from someone but I can't tell you who it was" is, IMO, unethical and shows disregard to readers.

Dratoz

Dratoz,

Let me make one thing clear to you, my personal communications or conversations with other professionals in the industry is not unsupported gossip. The reason I disclosed the information at all was for the benefit of all ASF members, and to provide some balance to this thread. What do you expect people like Reece55 and myself to do?...give you their names, phone numbers and addresses so you can go ask them yourself? Just because some info isn't publically available, it doesn't make it invalid.

The fact that two of us have raised points re the reliability of the MTN JORC calculations from two separate sources suggests that this is much more than mere rumour spreading, and has a bit more substance to it than you are giving it. I have had no material interest in this company, either in the past or present, but am merely providing my opinion and additional information to help other people make an informed decision.

jman

 

[Dratoz]

Re: MTN - Marathon Resources

Reece55 and Jman2007,
Thanks for your replies. It adds to the credibility of the post if one supports it with a reference. There are too many people posting garbage in the hope of a financial gain. I accept that your intentions are genuine and are represent an honest information sharing. There has been so much dirt thrown at Marathon since its listing that it is difficult to differentiate between the garbage and the honest information sharing.

I read your posts and considered them carefully. This is my style of investing. Get as much info as possible, consider the differing views objectively and with minimum emotion and... make a move. I decided to add to my MTN holding. I could be wrong. Time will tell. The share market only exists due to the differing views. It would not exist if we all sold and bought at the same time, as a result of drawing the same conclusions from the information available to the market.
Good luck with your investments,
Dratoz
PS: Jman, for a change, I entirely agree with your posts on the IGR thread. I have a large holding there and share your views as to the future of the company.

 

[jman2007]

Re: MTN - Marathon Resources

Reece55 and Jman2007,
Thanks for your replies. It adds to the credibility of the post if one supports it with a reference. There are too many people posting garbage in the hope of a financial gain. I accept that your intentions are genuine and are represent an honest information sharing. There has been so much dirt thrown at Marathon since its listing that it is difficult to differentiate between the garbage and the honest information sharing.

I read your posts and considered them carefully. This is my style of investing. Get as much info as possible, consider the differing views objectively and with minimum emotion and... make a move. I decided to add to my MTN holding. I could be wrong. Time will tell. The share market only exists due to the differing views. It would not exist if we all sold and bought at the same time, as a result of drawing the same conclusions from the information available to the market.
Good luck with your investments,
Dratoz
PS: Jman, for a change, I entirely agree with your posts on the IGR thread. I have a large holding there and share your views as to the future of the company.

Dratoz,

I appreciate your reply. I think information that is not initially available to be discussed or debated within a public forum can still be useful within the right context. Unfortunately it often places people in a difficult situation when they are challenged re the authenticity of this information, in that they are not able to disclose the exact sources.

Good on you for getting into IGR btw, you'll be happy with the way that's going atm.

jman

 

[reece55]

Re: MTN - Marathon Resources

Dratoz,

I appreciate your reply. I think information that is not initially available to be discussed or debated within a public forum can still be useful within the right context. Unfortunately it often places people in a difficult situation when they are challenged re the authenticity of this information, in that they are not able to disclose the exact sources.

Good on you for getting into IGR btw, you'll be happy with the way that's going atm.

jman

Dratoz
I am the same as Jman here, I do appreciate your reply.

I'm not sure if you have experience with another unverified rumor mill style forum here in Aus (I am sure everyone can read between the lines here about what I am talking about), but the differentiating factor about ASF is that, in my experience, the information shared here is extremely reliable. In fact, I think I speak for most in saying we pride ourself on that fact and the mods are extremely good at monitoring any crappy posts (especially considering the activity of posters versus number of mods).

I do wish you all the best with your investment in MTN and whilst I don't fundamentally agree with mining in the Flinders, I wish you the best of luck getting some $$ out of this stock.

Cheers

 

[jman2007]

Re: MTN - Marathon Resources

Dratoz
I am the same as Jman here, I do appreciate your reply.

I'm not sure if you have experience with another unverified rumor mill style forum here in Aus (I am sure everyone can read between the lines here about what I am talking about), but the differentiating factor about ASF is that, in my experience, the information shared here is extremely reliable. In fact, I think I speak for most in saying we pride ourself on that fact and the mods are extremely good at monitoring any crappy posts (especially considering the activity of posters versus number of mods).

I do wish you all the best with your investment in MTN and whilst I don't fundamentally agree with mining in the Flinders, I wish you the best of luck getting some $$ out of this stock.

Cheers

Good call mate,

I think we've done our best here to try and maintain the high standards that ASF demands, imo if we had breached some any serious protocols I'm sure the mods would have let us know, because as you say they are usually very good at monitoring this kind of behaviour.

Cheers
jman

 

[peteai]

Re: MTN - Marathon Resources

Sentiment for MTN seems to be picking up. The "buried samples" bad news only had a limited effect - but the last couple of days the price has gone from 1.40 to $1.80+ a 30% increase.

Anyone have ideas on what has lead to this up movement ?
________________
Thanks,
Peteai

 

[Go Nuke]

Re: MTN - Marathon Resources

Personally..I dont think it will last.

Exactly like you have asked....What would make the sp go up? Nothing that I know of.

And historically looking at the chart it seems to jump up for a day or two.

I could be wrong but we will have to wait and see.

What else does MTN have other than Mt Gee?

 

[prs]

Re: MTN - Marathon Resources

According to factual information, MTN has a significant amount of JORC and is recognized as being about the 5th biggest deposit of uranium. It appears to have a stable and dedicated management team who seem very keen to take the company to mining level. Mt Gee is in a sensitive area and as such it appears the best way to mine the U is via underground. They are aware of this and no doubt despite this are working towards mining status. Yes they have been found to have committed an indiscretion but the management of MTN has accepted the issue and moved on in a very diplomatic way.
I know there are doubting Thomas's out there but have a look for your self and you'll see that their sp has fluctuated in a very similar pattern to other U and exploration companies.
I'm sticking with them through this because I believe with they will come up trumps.

 

[Black Range]

Re: MTN - Marathon Resources

For all those that Hold, here's todays TUE. 26th Intra Day Trading Chart, & what a Chart it is It shall be very Interesting to see if the run continues over the coming period. From Todays trading it seems something major may about to be announced.


No. of Trades: 180
Volume: 518,547

Opening Price: 1.580
High Price: 1.980
Low Price: 1.480

Last Trading Price: $1.950 Up 29.14%

Closing Buyer Depth: 1.800 (167,564)
Closing Seller Depth: 1.950 (82,446)

6-month High: 4.150

5-day EMA: 1.438
10-day EMA: 1.449
15-day EMA: 1.483
30-day EMA: 1.619
Avg Daily Traded Volume: 140,787
.
.
Cheers from grant64
.
.

Here's todays Closing Intra-Day Chart for Today-TUE FEB. 26th for the period 10.05a.m to 4.11p.m.

Green Line Displays Buyers, Orange Sellers Market Depth. Blue Line represents previous days close.All Data taken from http://www.turbotrader.net.au/

 

[insider]

Re: MTN - Marathon Resources

WOW... that was the big announcement... it doesn't explain a 29% rise so I expect the SP to fall this morning... I was expecting a splash but this IMO doesn't even make a ripple...

Good Luck Holders

 

[peteai]

Re: MTN - Marathon Resources

I think the announcement is significant - It says someone is willing to make a sizable investment. It is reasonable to believe that would have done their research and concluded a mine is likely.

I would hazard to say that whoever is doing this knows a lot more about the situation that me or most others on the forum.

They would only consider a 13% stake if they consider the price they can get will be worth more in the future

 

[Go Nuke]

Re: MTN - Marathon Resources

Wow..Marathon actually finished UP today!

Amazing.
Whats the go behind this?
$1.40+ must be good support?? Or is some sort of news comming??