NRZ - NeuRizer Ltd
- Thread starter Mistermoon
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Re: MTN - Marathon Resources
Yeh I'm still holding too - I've been accused of greed in holding these shares in an earlier post - well I thought that was the idea of shares or a free capital market. Well you can lose money (on paper at this stage
) too
I still think the average domestic cat does more environment damage than MTN did by burying their mining residues
Cheers,
PETEAI
Yeh I'm still holding too - I've been accused of greed in holding these shares in an earlier post - well I thought that was the idea of shares or a free capital market. Well you can lose money (on paper at this stage
) tooI still think the average domestic cat does more environment damage than MTN did by burying their mining residues
Cheers,
PETEAI
MTN and Uranium
I note with interest and great delight that MTN has been positive for days now, in fact quite strongly fighting back. I also note that Allan Kohler on ABC TV tonight claimed the commodities were down yet uranium appears to be defying the trend.
Is anyone able to explain MTN's pickup of late?
I note with interest and great delight that MTN has been positive for days now, in fact quite strongly fighting back. I also note that Allan Kohler on ABC TV tonight claimed the commodities were down yet uranium appears to be defying the trend.
Is anyone able to explain MTN's pickup of late?
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Re: MTN - Marathon Resources
Yeah they came out with a resource upgrade for Mt Mcgee (pretty sure it was.)
Saw the price break through $1, but have got no cash and am far from confident with the way this company has been going. Well the share price and the uncertainty regarding the mining of Mt McGee.
One for the brave.
As for Alan Kohler, Ive yet to see my uranium stocks defying any trends.....Far from it in fact {That sounds like a sentence straight from his mouth hey }
PDN is going sideways and I believe its a buy..but thats about it.
ERA isn't exactly looking rosy imo...keeping it all relative though...they ARE producing!
Yeah they came out with a resource upgrade for Mt Mcgee (pretty sure it was.)
Saw the price break through $1, but have got no cash and am far from confident with the way this company has been going. Well the share price and the uncertainty regarding the mining of Mt McGee.
One for the brave.
As for Alan Kohler, Ive yet to see my uranium stocks defying any trends.....Far from it in fact {That sounds like a sentence straight from his mouth hey
}PDN is going sideways and I believe its a buy..but thats about it.
ERA isn't exactly looking rosy imo...keeping it all relative though...they ARE producing!
Re: MTN - Marathon Resources
I pretty much agree with that Go Nuke...
Speccy as hell in the current environment, and not exactly cashed up to the hilt either. Some people may be able to day trade this successfully, but not my type of stock. I've lost a bundle in CTS, another U stock, so I probably wouldn't be listening to my advice either..
I pretty much agree with that Go Nuke...
Speccy as hell in the current environment, and not exactly cashed up to the hilt either. Some people may be able to day trade this successfully, but not my type of stock. I've lost a bundle in CTS, another U stock, so I probably wouldn't be listening to my advice either..
Re: MTN - Marathon Resources
Surely this can't be good news for MTN,
Scientists discover ancient reef near Arakaroola, another nail in the coffin?
http://www.abc.net.au/news/stories/2008/09/22/2370365.htm
Surely this can't be good news for MTN,
Scientists discover ancient reef near Arakaroola, another nail in the coffin?
http://www.abc.net.au/news/stories/2008/09/22/2370365.htm
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Re: MTN - Marathon Resources
interesting article thanks for posting that Jman
Im sure in this current climate even a sniff of doubt regarding a companies ONLY resource ,will not help this stock.
It seems my wariness about the sp rise recently was warranted.
Though i cant relate to u Jman, all i need to say is...BMN
Major paper loss there.
interesting article thanks for posting that Jman
Im sure in this current climate even a sniff of doubt regarding a companies ONLY resource ,will not help this stock.
It seems my wariness about the sp rise recently was warranted.
Though i cant relate to u Jman, all i need to say is...BMN
Major paper loss there.
Re: MTN - Marathon Resources
God I hope it's not. An agent foolishly put all my super in this company when it was $1.68. Does anyone know what is going on? I rang from Hobart to talk to someone and the only person they would let me speak with was on a plane so I've got no idea.
God I hope it's not. An agent foolishly put all my super in this company when it was $1.68. Does anyone know what is going on? I rang from Hobart to talk to someone and the only person they would let me speak with was on a plane so I've got no idea.
Re: MTN - Marathon Resources
New bill looking at being introduced into lower house of SA parliament next time they resume on the 28th of October, to ban mining altogether in the Arkoola Sanctuary. Looks like it will have strong support.
Otherwise Labour could just let the mining lease expire at Mt Ghee by this time next year and not let it be renewed, either way it does basically look like the end to me. Sorry to hear that your agent was a fool with your savings, pretty reprehensible really.
jman
New bill looking at being introduced into lower house of SA parliament next time they resume on the 28th of October, to ban mining altogether in the Arkoola Sanctuary. Looks like it will have strong support.
Otherwise Labour could just let the mining lease expire at Mt Ghee by this time next year and not let it be renewed, either way it does basically look like the end to me. Sorry to hear that your agent was a fool with your savings, pretty reprehensible really.
jman
Re: MTN - Marathon Resources
Its a Greens Bill, but the new Alliance resources leases for Beverley 4 Mile - which impinge only on a small section of the flanks of the Sanctuary at the eastern edge of the ranges - have been specifically excised from it to broaden the likely support.
Given the suspension from drilling, and the negative publicity surrounding trying to find a new home for the waste dumped in contravention of the lease (itself a source of significant negative publicity) etc. combined with the global credit crisis, and given that a state election approaches shortly after the lease termination... well, it means that the bill might be viewed rather differently this time around. Or, if not, a similar proposal might be viewed favourably later.
The question is; What would Labor have to lose? Some prominent Liberals are already campaigning against the mine. This plays well to the green-minded middle-class. This issue of mining in Arkaroola has never really come to full public attention - and if MTN goes down now it probably never will. But if it did I have no doubt the opposition to the mine would overwhelm any support, and I reckon both major parties would believe the same.
Even if an imminent Greens proposal was defeated for political reasons, or fears of any likely compensation claim, in the longer term I wonder if any state govt. - Labor or Liberal - would court reviving the brouhaha surrounding this project?
And, while this project may be finished-off by the financial crunch, the memory of what happened to the last would-be miner even prior to the turmoil may serve to deter all future comers. In which case, mightn't Labor seek to make a virtue of necessity and make a grand announcement of protecting the Sanctuary after the lease expires; bang in the run up to the 2010 election? Perhaps to forestall a Liberal outflanking them on the left?
Specifically because of problems like this the state minerals minister has proposed drafting guidelines to identify no-go high-value conservation areas in conjunction with the dept. of Environment, the Chamber of Mines, and green/community groups. The latter will have Arkaroola number one on their list.
Its a Greens Bill, but the new Alliance resources leases for Beverley 4 Mile - which impinge only on a small section of the flanks of the Sanctuary at the eastern edge of the ranges - have been specifically excised from it to broaden the likely support.
Given the suspension from drilling, and the negative publicity surrounding trying to find a new home for the waste dumped in contravention of the lease (itself a source of significant negative publicity) etc. combined with the global credit crisis, and given that a state election approaches shortly after the lease termination... well, it means that the bill might be viewed rather differently this time around. Or, if not, a similar proposal might be viewed favourably later.
The question is; What would Labor have to lose? Some prominent Liberals are already campaigning against the mine. This plays well to the green-minded middle-class. This issue of mining in Arkaroola has never really come to full public attention - and if MTN goes down now it probably never will. But if it did I have no doubt the opposition to the mine would overwhelm any support, and I reckon both major parties would believe the same.
Even if an imminent Greens proposal was defeated for political reasons, or fears of any likely compensation claim, in the longer term I wonder if any state govt. - Labor or Liberal - would court reviving the brouhaha surrounding this project?
And, while this project may be finished-off by the financial crunch, the memory of what happened to the last would-be miner even prior to the turmoil may serve to deter all future comers. In which case, mightn't Labor seek to make a virtue of necessity and make a grand announcement of protecting the Sanctuary after the lease expires; bang in the run up to the 2010 election? Perhaps to forestall a Liberal outflanking them on the left?
Specifically because of problems like this the state minerals minister has proposed drafting guidelines to identify no-go high-value conservation areas in conjunction with the dept. of Environment, the Chamber of Mines, and green/community groups. The latter will have Arkaroola number one on their list.
Re: MTN - Marathon Resources
Nice summary bztm,
One thing that you should never do in a marketplace is bet against politics, no points for guessing which company's name nearly always gets mentioned during the SA parliamentary debating sessions:
My impression is also that there will be some Liberals backing this bill, and as you mention there may be much more at stake than just a one uranium explorer's future, it could also well be turned into a political football.
jman
Nice summary bztm,
One thing that you should never do in a marketplace is bet against politics, no points for guessing which company's name nearly always gets mentioned during the SA parliamentary debating sessions
:My impression is also that there will be some Liberals backing this bill, and as you mention there may be much more at stake than just a one uranium explorer's future, it could also well be turned into a political football.
jman
Re: MTN - Marathon Resources
To be fair to MTN, that's really not the case. As per the footnote to a recent MTN announcement:
Quote
Marathon is a minerals exploration company focused on the development of Mt Gee, one of Australia's largest undeveloped uranium deposits.
The Mt Gee project is located within the Paralana Mineral System of South Australia, a uranium-rich state which is home to the world's largest uranium deposit at Olympic Dam.
Marathon's portfolio also includes highly prospective copper-gold-uranium properties in the Gawler Craton of South Australia.
The Company has gold and copper-gold projects in other parts of South Australia and western Victoria, including first class copper-gold and base metal (silver-lead-zinc) projects in the Adelaide Geosyncline in South Australia and a prospective copper-gold project in the Moyston Fault Zone in Victoria.
Marathon also has a joint venture with listed uranium explorer UraniumSA Ltd (ASX: USA), in which the company holds a 7% stake; and with Primary Resources Ltd (ASX: PRZ) in the Warburton Project in Western Australia.
Marathon listed on the Australian Securities Exchange on 15 March 2005, under the stock code of MTN.
www.marathonresources.com.au
Unquote
To be fair to MTN, that's really not the case. As per the footnote to a recent MTN announcement:
Quote
Marathon is a minerals exploration company focused on the development of Mt Gee, one of Australia's largest undeveloped uranium deposits.
The Mt Gee project is located within the Paralana Mineral System of South Australia, a uranium-rich state which is home to the world's largest uranium deposit at Olympic Dam.
Marathon's portfolio also includes highly prospective copper-gold-uranium properties in the Gawler Craton of South Australia.
The Company has gold and copper-gold projects in other parts of South Australia and western Victoria, including first class copper-gold and base metal (silver-lead-zinc) projects in the Adelaide Geosyncline in South Australia and a prospective copper-gold project in the Moyston Fault Zone in Victoria.
Marathon also has a joint venture with listed uranium explorer UraniumSA Ltd (ASX: USA), in which the company holds a 7% stake; and with Primary Resources Ltd (ASX: PRZ) in the Warburton Project in Western Australia.
Marathon listed on the Australian Securities Exchange on 15 March 2005, under the stock code of MTN.
www.marathonresources.com.au
Unquote
Re: MTN - Marathon Resources
Can anyone tell me definately whether the Arkaroola Sanctuary is actually heritage listed or is it a self proclaimed sanctuary? Surely if it is self proclaimed then mining at Mt Gee ought to be able to go ahead.
Has anyone knowledge of the actual location of the fossils recently found? Could be that they are 100's of kilometres away and as such oughtn't affect Mt Gee.
I would like to see facts rather than speculation borne out of what is read from the media.
Can anyone tell me definately whether the Arkaroola Sanctuary is actually heritage listed or is it a self proclaimed sanctuary? Surely if it is self proclaimed then mining at Mt Gee ought to be able to go ahead.
Has anyone knowledge of the actual location of the fossils recently found? Could be that they are 100's of kilometres away and as such oughtn't affect Mt Gee.
I would like to see facts rather than speculation borne out of what is read from the media.
Sean K
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Re: MTN - Marathon Resources
Unfortunately I can not remember exact details, but the company can provide them. Something about being a Class A heritage site or something and needing special permission from State of Fed. At the time the SA Gov were very pro U mining, so they prbably would have given permission as it was in the best interest of the State.
Either check back through the thread, or send an email to the company.
They will give you the standard reply.
kennas
This was discussed earlier in the thread.
Unfortunately I can not remember exact details, but the company can provide them. Something about being a Class A heritage site or something and needing special permission from State of Fed. At the time the SA Gov were very pro U mining, so they prbably would have given permission as it was in the best interest of the State.
Either check back through the thread, or send an email to the company.
They will give you the standard reply.
kennas
Re: MTN - Marathon Resources
Thanks Kennas - I have done that and the response (perhaps standard) was that it was self proclaimed and as such MTN could apply for a permit to mine. I just wondered whether anyone else had any positive and updated info.
Thanks Kennas - I have done that and the response (perhaps standard) was that it was self proclaimed and as such MTN could apply for a permit to mine. I just wondered whether anyone else had any positive and updated info.
Re: MTN - Marathon Resources
It's a former Pastoral Lease that's now a formally proclaimed Sanctuary under the National Parks and Wildlife Act. No Sanctuary is exempt from mining, just as - controversially - about 75% of the land area of National and Conservation Parks and Reserves in SA is still available to exploration.
The high-value remnant area of the northern Flinders Ranges - which encompasses the Sanctuary - is also a Class A Reserve under the Planning Act. This is the legislation that means that the area can only be mined if the deposit is of 'paramount importance' and mining is in 'the national interest'.
Beverley and Beverley 4 Mile - both fully-backed by the State Govt. - are 20 km away on the edge of the ranges (and Sanctuary). Clearly this impacts on any question of 'paramount importance' and the 'national interest' (as does the Roxby expansion and other U mines coming online). Also, under this Act mining can also proceed only if there is no 'similar deposit' available nearby.
As to the Ancient Reef - the area is simply not large enough for anything to be 100s of kms away, as the most cursory glance at a map will indicate. I doubt that the reef is immediately adjacent (within a few kms) to Mount Gee itself; however, the mountain is a national geological monument, and this whole ancient area is littered with fossils and rare geological formations, which is what attracted Reg Sprigg to it in the first place. That the ancient reef was only identified at this late date says that this very rugged and remote area is still little known.
It's a former Pastoral Lease that's now a formally proclaimed Sanctuary under the National Parks and Wildlife Act. No Sanctuary is exempt from mining, just as - controversially - about 75% of the land area of National and Conservation Parks and Reserves in SA is still available to exploration.
The high-value remnant area of the northern Flinders Ranges - which encompasses the Sanctuary - is also a Class A Reserve under the Planning Act. This is the legislation that means that the area can only be mined if the deposit is of 'paramount importance' and mining is in 'the national interest'.
Beverley and Beverley 4 Mile - both fully-backed by the State Govt. - are 20 km away on the edge of the ranges (and Sanctuary). Clearly this impacts on any question of 'paramount importance' and the 'national interest' (as does the Roxby expansion and other U mines coming online). Also, under this Act mining can also proceed only if there is no 'similar deposit' available nearby.
As to the Ancient Reef - the area is simply not large enough for anything to be 100s of kms away, as the most cursory glance at a map will indicate. I doubt that the reef is immediately adjacent (within a few kms) to Mount Gee itself; however, the mountain is a national geological monument, and this whole ancient area is littered with fossils and rare geological formations, which is what attracted Reg Sprigg to it in the first place. That the ancient reef was only identified at this late date says that this very rugged and remote area is still little known.
Re: MTN - Marathon Resources
Thanks bztm I am grateful for your input though it has made me feel rather ill. I have lost heaps to date, as have many others but the thought that potentially MT Gee will not go ahead leaves me high and dry. I guess all I can do is to wait till the sp gets back to $1.68 (what I bought into MTN at), monitor the trend and bail out and diversify.
Thanks bztm I am grateful for your input though it has made me feel rather ill. I have lost heaps to date, as have many others but the thought that potentially MT Gee will not go ahead leaves me high and dry. I guess all I can do is to wait till the sp gets back to $1.68 (what I bought into MTN at), monitor the trend and bail out and diversify.