NRZ - NeuRizer Ltd
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Re: MTN - Marathon Resources
It's a dramatic re-evaluation for sure, those MTN holders who tried to catch the falling knife and bought on the way down last year deserve a break, and a reprieve. I should really read the ann's and find out what it's all about, although I have never really considered buying this stock.
It's a dramatic re-evaluation for sure, those MTN holders who tried to catch the falling knife and bought on the way down last year deserve a break, and a reprieve. I should really read the ann's and find out what it's all about, although I have never really considered buying this stock.
Marathon Resources
How typical is it that the 5th largest uranium resource in Australia and one of the potentially largest known in the world is being stifled by a bunch of greenies and the SA Government. What an opportunity to invest and it's being held ransom by government red tape.
How typical is it that the 5th largest uranium resource in Australia and one of the potentially largest known in the world is being stifled by a bunch of greenies and the SA Government. What an opportunity to invest and it's being held ransom by government red tape.
Marathon Resources
There has been some very good and steady increase in the SP of this company and I guess it's been brought about by the recent publicity, the opposition to mining of its resources by the rent a tree hugger groups and the increase in demand for uranium. It appears that uranium is making a resurgence probably because some countries realise that it is a great source of clean power, unlike Australia, and MTN being the 5th largest resource and growing in JORC, is subject to incredible opposition by the bloody greenies.
What are the thoughts and feelings of members towards MTN's future having regard to its potential as an overseas investment?
There has been some very good and steady increase in the SP of this company and I guess it's been brought about by the recent publicity, the opposition to mining of its resources by the rent a tree hugger groups and the increase in demand for uranium. It appears that uranium is making a resurgence probably because some countries realise that it is a great source of clean power, unlike Australia, and MTN being the 5th largest resource and growing in JORC, is subject to incredible opposition by the bloody greenies.
What are the thoughts and feelings of members towards MTN's future having regard to its potential as an overseas investment?
Re: MTN - Marathon Resources
Your 'tree huggers' include senator Nick Minchin, the South Australian Museum, various geologists, and now the state Liberal Party. You might want to consider getting yourself a more accurate, not to mention creative, line in invective.
Your 'tree huggers' include senator Nick Minchin, the South Australian Museum, various geologists, and now the state Liberal Party. You might want to consider getting yourself a more accurate, not to mention creative, line in invective.
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Re: MTN - Marathon Resources
Well, I bought in today. Absolutely no buying depth, and with uranium understandably 'a bit on the nose' after Japan's debacle, it's quite a risk.
However, it appears marathon are continuing their course, flying local indigenous around the site, seeking aboriginal & environmental approvals. They have Labor's Chris Schacht on board and Labor have another 18-24 months to run in SA before elections.
I think this will always be a controversial site for a mine, but I see an opportunity for upside that's worth a punt, trading at 33c today.
Any thoughts?
Well, I bought in today. Absolutely no buying depth, and with uranium understandably 'a bit on the nose' after Japan's debacle, it's quite a risk.
However, it appears marathon are continuing their course, flying local indigenous around the site, seeking aboriginal & environmental approvals. They have Labor's Chris Schacht on board and Labor have another 18-24 months to run in SA before elections.
I think this will always be a controversial site for a mine, but I see an opportunity for upside that's worth a punt, trading at 33c today.
Any thoughts?
springhill
Make the drill work for YOU
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Re: MTN - Marathon Resources
MC - $4.2m
SP - 4.7c
Shares - 92m
Options - NQ
Cash - $6.7m
MTN have an enviable MC:Cash ratio other specs would kill for. ATM they have no projects with the South Australian Govt banning exploration and mining in the Northern Flinders Ranges. Compensation has been paid.
Will be watching MTN for any announcements on project acquisitions. From what I have seen lately, coal outside Australia would be a good area to investigate. A small speculative piece of this could pay nice dividends.
Sell side is really thin ATM.
Plenty of cash available for any exploration events in the future.
MC - $4.2m
SP - 4.7c
Shares - 92m
Options - NQ
Cash - $6.7m
MTN have an enviable MC:Cash ratio other specs would kill for. ATM they have no projects with the South Australian Govt banning exploration and mining in the Northern Flinders Ranges. Compensation has been paid.
Will be watching MTN for any announcements on project acquisitions. From what I have seen lately, coal outside Australia would be a good area to investigate. A small speculative piece of this could pay nice dividends.
Sell side is really thin ATM.
Plenty of cash available for any exploration events in the future.
Attachments
springhill
Make the drill work for YOU
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Re: MTN - Marathon Resources
MTN are edging closer to their change in direction mentioned in previous post. As of last quarterly they still had $6.2m on hand and have not undergone any share dilution.
The 3 areas they are showing interest in are listed in the quarterly below.
http://www.asx.com.au/asxpdf/20121031/pdf/429vh3r12pzyj3.pdf
The first 2 don't interest me greatly, but if they entered the O&G sector MTN would come under consideration as a buy.
MTN are edging closer to their change in direction mentioned in previous post. As of last quarterly they still had $6.2m on hand and have not undergone any share dilution.
The 3 areas they are showing interest in are listed in the quarterly below.
http://www.asx.com.au/asxpdf/20121031/pdf/429vh3r12pzyj3.pdf
The first 2 don't interest me greatly, but if they entered the O&G sector MTN would come under consideration as a buy.
Country Lad
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Re: Marathon Resources
There was a special cross of about 18.4 million shares from Mt Kellett Capital Partners to Bentley Capital. The rest was probably a few people thinking something was happening where there is probably nothing untoward except for one substantial holder being replaced by another.
Why Bentley wants the shares is anybody's guess at this stage other than they think MTN has a bit of potential, and fits into their investment strategy.
Cheers
Country Lad
There was a special cross of about 18.4 million shares from Mt Kellett Capital Partners to Bentley Capital. The rest was probably a few people thinking something was happening where there is probably nothing untoward except for one substantial holder being replaced by another.
Why Bentley wants the shares is anybody's guess at this stage other than they think MTN has a bit of potential, and fits into their investment strategy.
Cheers
Country Lad
Re: Marathon Resources
Thanks for the response Country Lad. I have been lumbered with a significant number of MTN shares and when there's significant movement like there was yesterday, I get extremely concerned.
PRS
Thanks for the response Country Lad. I have been lumbered with a significant number of MTN shares and when there's significant movement like there was yesterday, I get extremely concerned.
PRS
MTN - Marathon Resources
Marathon Resources Limited (“Marathon”) is pleased to announce that it has today signed a Binding Term Sheet to acquire ARP TriEnergy Pty Ltd (“TriE”) which owns the Leigh
Creek Energy Project (“LCEP”).
http://www.proactiveinvestors.com.a...ication-project-in-south-australia-59952.html
Good time to buy cheap now?
Marathon Resources Limited (“Marathon”) is pleased to announce that it has today signed a Binding Term Sheet to acquire ARP TriEnergy Pty Ltd (“TriE”) which owns the Leigh
Creek Energy Project (“LCEP”).
http://www.proactiveinvestors.com.a...ication-project-in-south-australia-59952.html
Good time to buy cheap now?
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On September 3rd, 2015, Marathon Resources Limited (MTN) changed its name and ASX code to Leigh Creek Energy Limited (LCK).
greggles
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Leigh Creek Energy up 14.71% today to 19.5c.
News flow is expected to increase shortly as first gas production is due this quarter. Site construction and process well drilling must be nearing completion based on previous announcements.
I'm expected this one to move beyond 25c in the near future based on news flow alone.
News flow is expected to increase shortly as first gas production is due this quarter. Site construction and process well drilling must be nearing completion based on previous announcements.
I'm expected this one to move beyond 25c in the near future based on news flow alone.
greggles
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Leigh Creek Energy has been range trading between 15c and 20c for almost the last four months. However, if today's announcement is anything to go by, it might be ready for the next leg up.
This morning LCK announced that the first syngas production for the Leigh Creek Energy Project (LCEP) is imminent after receiving its Final Activity Notification on the 3rd of September 2018. Final approval from the regulator means the Pre-Commercial Demonstration (PCD) stage for LCEP operations can now begin.
Management is currently mobilising the necessary resources to commence PCD operations and initiation and commencement of syngas is expected to commence within quarter 3 2018.
The LCK share price is up 15.62% to 18.5c so far today, reaching an intraday high of 20c. I feel a break over 20c is close at hand, and Leigh Creek Energy is now on my watchlist.
This morning LCK announced that the first syngas production for the Leigh Creek Energy Project (LCEP) is imminent after receiving its Final Activity Notification on the 3rd of September 2018. Final approval from the regulator means the Pre-Commercial Demonstration (PCD) stage for LCEP operations can now begin.
Management is currently mobilising the necessary resources to commence PCD operations and initiation and commencement of syngas is expected to commence within quarter 3 2018.
The LCK share price is up 15.62% to 18.5c so far today, reaching an intraday high of 20c. I feel a break over 20c is close at hand, and Leigh Creek Energy is now on my watchlist.
greggles
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Well, LCK did get above 20c back in September 2018, but only briefly. It ended up back at 10c four months later. In December the company raised $5 million and continued to progress the Leigh Creek Energy Project.
On 19 January the company announced that successful production of commercial syngas has been achieved at Leigh Creek with the commercial objectives of the Pre-Commercial Demonstration facility having been met or exceeded. A peak flow rate of 8,913sm3/h or 7.5mmcf/day was achieved and the data recorded provided LCK with sufficient information to upgrade a portion of their large 2C reserve to a 2P reserve.
Following that announcement volume exploded and buyers pushed the share price back up over 20c. It has since settled just under that level and is currently trading at 19.5c. Things are looking good for LCK again. Watching for a break above 25c.