NRZ - NeuRizer Ltd
- Thread starter Mistermoon
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Re: MTN - Marathon Resources
UBS appear to be buying on behalf of Australian hedge fund MM&E Capital (http://www.mmecapital.com.au)... according to their website they have a 3-6 month horizon on takeover arbitrage so i guess they're looking to for an increase in Crosby bid or rival bid... given they've be buying at less than 80, not sure what prioce they would look to be selling at?
UBS appear to be buying on behalf of Australian hedge fund MM&E Capital (http://www.mmecapital.com.au)... according to their website they have a 3-6 month horizon on takeover arbitrage so i guess they're looking to for an increase in Crosby bid or rival bid... given they've be buying at less than 80, not sure what prioce they would look to be selling at?
Re: MTN - Marathon Resources
Nice one 56
I also noticed that they're into IPOs, so perhaps it's a double pronged stratergy since MTN holders will also be eligible for the Uranium SA float - if it goes like any of the others as of late, might there be the chance of a very neat & quick return once floated?
Nice one 56
I also noticed that they're into IPOs, so perhaps it's a double pronged stratergy since MTN holders will also be eligible for the Uranium SA float - if it goes like any of the others as of late, might there be the chance of a very neat & quick return once floated?
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Re: MTN - Marathon Resources
im in on 0.75, got in right before the ann re deposit rerating. this stock shows huge potential. i agree with YT, why all the interest in AGS when MTN has much more u and it is 100% owned. as well as that MTN has other tennements also. what the?? market has completely overlooked this little stock i believe. so am happy to get in at mid 70's.
besides that what does everyone think about the upcoming float UraniumSA. Im in the progress of looking through the prospectus. let me know what others think about it.
im in on 0.75, got in right before the ann re deposit rerating. this stock shows huge potential. i agree with YT, why all the interest in AGS when MTN has much more u and it is 100% owned. as well as that MTN has other tennements also. what the?? market has completely overlooked this little stock i believe. so am happy to get in at mid 70's.
besides that what does everyone think about the upcoming float UraniumSA. Im in the progress of looking through the prospectus. let me know what others think about it.
Realist
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Re: MTN - Marathon Resources
Told you something was up. 83 cents now!!!
Ironically on September 1st - I entered MTN in Augusts stock tipping comp.
Told you something was up. 83 cents now!!!
Ironically on September 1st - I entered MTN in Augusts stock tipping comp.
Realist
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Re: MTN - Marathon Resources
86 cents now! Wow...
Up 16 cents or 23% from last week.
86 cents now! Wow...
Up 16 cents or 23% from last week.
Sean K
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Re: MTN - Marathon Resources
And buyers disappearing quickly. Strange. I'm grabbing some though.
Rafa said:
And buyers disappearing quickly. Strange. I'm grabbing some though.
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Re: MTN - Marathon Resources
The key is to see what UBS is doing,
If next week they announce a change to their holding and it shows that they have been buying more, it will all depend on price,
If they have in fact been buying above 80c, that will be extremely bullish, however I'd expect that they are smarter than that, knowing that there will be weak hands they can still IMO soak up more weak sellers around the mid 70c level,
Depending on how it closes and opens next week, from a techie perspective it looks very bullish, 80c has been the lid on MTN corresponding to the highs reached last august, re-tested this July, and smashed through on vertical ascent in march 06,
Kennas, a chart please, with a strong lid drawn at 80c from Aug 05- to now should show what I'm on about, if you have the time, thanks
Anyway as the companies name suggest it will be a 'marathon' not a 'sprint'
The key is to see what UBS is doing,
If next week they announce a change to their holding and it shows that they have been buying more, it will all depend on price,
If they have in fact been buying above 80c, that will be extremely bullish, however I'd expect that they are smarter than that, knowing that there will be weak hands they can still IMO soak up more weak sellers around the mid 70c level,
Depending on how it closes and opens next week, from a techie perspective it looks very bullish, 80c has been the lid on MTN corresponding to the highs reached last august, re-tested this July, and smashed through on vertical ascent in march 06,
Kennas, a chart please, with a strong lid drawn at 80c from Aug 05- to now should show what I'm on about, if you have the time, thanks
Anyway as the companies name suggest it will be a 'marathon' not a 'sprint'
Sean K
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Realist
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Re: MTN - Marathon Resources
Exactly!! That is why I bought it. I'm not in for a quick buck, I'm in for a longterm fortune..
YOUNG_TRADER said:Anyway as the companies name suggest it will be a 'marathon' not a 'sprint'
Exactly!! That is why I bought it. I'm not in for a quick buck, I'm in for a longterm fortune..
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Re: MTN - Marathon Resources
Hey guys take a look at this, these figures are worked out by a company market capitalisation divided by the tonnage of u that stock owns.
eg summit 280 000 000 / 40 000 (estimate u tonnes) = $7 000
which is undervalued when compared to other u stocks.
BUT when we do the same for MTN
market captialisation of 40 000 000 / 31 250 (tonnes in mt gee) = $1 280
DID i do these calculations correctly??
because from what i can see MTN is obscenely undervalued, it is so undervalued it is not funny. DOes anyone want to check these figures to make sure im not wrong
COMPANY COMPARISONS
ORD MINNETT
URANIUM REPORT ERA
Attached is Ord Minnett's Company Review dated 11 July 2006 on Australian Uranium Producer ERA.
Table 4 compares a number of uranium companies market value of A$ per tonne U3O8 based on their uranium reserves and resources.
Summary Table 4
COMPANY Valuation A$/tU3O8
AREVA $75,084
PALADIN $56,520
DENISON $46,558
CAMECO $29,314
SRX URANIUM $10,224
ERA $9,818
SUMMIT $6,932
MARATHON $1,280
An analysis of Ord Minnett's table indicates, based on companies uranium reserves and resources, Summit's share price on a comparative basis, should be over 10x its current price when compared to AREVA, over 8x its current price when compared to Paladin, around 7x when compared to Denison and 4x times when compared to Cameco.
Further, the quality of Summit's uranium resources in terms of grade and tonnes and proximity to existing mining infrastructure, translate directly into Summit becoming one of the world's lowest cost uranium producers with high margin profitability.
Alan J Eggers Managing Director
SUMMIT RESOURCES LIMITED
Hey guys take a look at this, these figures are worked out by a company market capitalisation divided by the tonnage of u that stock owns.
eg summit 280 000 000 / 40 000 (estimate u tonnes) = $7 000
which is undervalued when compared to other u stocks.
BUT when we do the same for MTN
market captialisation of 40 000 000 / 31 250 (tonnes in mt gee) = $1 280
DID i do these calculations correctly??
because from what i can see MTN is obscenely undervalued, it is so undervalued it is not funny. DOes anyone want to check these figures to make sure im not wrong
COMPANY COMPARISONS
ORD MINNETT
URANIUM REPORT ERA
Attached is Ord Minnett's Company Review dated 11 July 2006 on Australian Uranium Producer ERA.
Table 4 compares a number of uranium companies market value of A$ per tonne U3O8 based on their uranium reserves and resources.
Summary Table 4
COMPANY Valuation A$/tU3O8
AREVA $75,084
PALADIN $56,520
DENISON $46,558
CAMECO $29,314
SRX URANIUM $10,224
ERA $9,818
SUMMIT $6,932
MARATHON $1,280
An analysis of Ord Minnett's table indicates, based on companies uranium reserves and resources, Summit's share price on a comparative basis, should be over 10x its current price when compared to AREVA, over 8x its current price when compared to Paladin, around 7x when compared to Denison and 4x times when compared to Cameco.
Further, the quality of Summit's uranium resources in terms of grade and tonnes and proximity to existing mining infrastructure, translate directly into Summit becoming one of the world's lowest cost uranium producers with high margin profitability.
Alan J Eggers Managing Director
SUMMIT RESOURCES LIMITED
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Re: MTN - Marathon Resources
May have popped above 80c level, (not yet confirmed)
If so new base at 80c (previous 68c which was T/O offer)
Be interesting to see if UBS are still buying now that price is above 75c,
May have popped above 80c level, (not yet confirmed)
If so new base at 80c (previous 68c which was T/O offer)
Be interesting to see if UBS are still buying now that price is above 75c,
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Re: MTN - Marathon Resources
A thick booklet from crosbys was on my doorstep when I got home this evening. I immediately chucked it in the wheelie bin. They can waste some other persons time but not mine.
A thick booklet from crosbys was on my doorstep when I got home this evening. I immediately chucked it in the wheelie bin. They can waste some other persons time but not mine.
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Re: MTN - Marathon Resources
Support seems to be building around the 80 cent mark, a few times the sp gapped but buyers filled in the gap.
i would have thought that if sp movements last week was JUST because of jv with USA and MTN holders are offered a priority of the float then it would have retraced already (friday been the last day).
MTN up 3% today, in general most u stocks across the board were up due to increase in spot price. MTN has begin to show some nice movement (if not slow but steady) in sp.
Support seems to be building around the 80 cent mark, a few times the sp gapped but buyers filled in the gap.
i would have thought that if sp movements last week was JUST because of jv with USA and MTN holders are offered a priority of the float then it would have retraced already (friday been the last day).
MTN up 3% today, in general most u stocks across the board were up due to increase in spot price. MTN has begin to show some nice movement (if not slow but steady) in sp.
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Re: MTN - Marathon Resources
i forgot to ask has anyone been looking at acquiring USA shares in this float due to MTN having a priority??
i had a look over tennements, some interesting grades at ben buy tennement 0.12 - 0.18% u. and port lincoln with 4.6 kg/t.
i forgot to ask has anyone been looking at acquiring USA shares in this float due to MTN having a priority??
i had a look over tennements, some interesting grades at ben buy tennement 0.12 - 0.18% u. and port lincoln with 4.6 kg/t.
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Re: MTN - Marathon Resources
420 - had a quick look - interesting because of the JVs they have formed with MTN & SRZ - and also a lot of the prospects are in the same area. But then the Board doesnt stick out as having huge experience in the development of U.?
As a MTN holder it would be good for uSA to rocket, and do well - but then thats just hoping. I think it was uSA also said they would be issuing SHs free options about 3 months down the track - obviously a strategy to get people to hold..
Did you look at UKL's prospects at all - they did well today altho some on the thread thought little of their holdings? Be interesting to compare.
420 - had a quick look - interesting because of the JVs they have formed with MTN & SRZ - and also a lot of the prospects are in the same area. But then the Board doesnt stick out as having huge experience in the development of U.?
As a MTN holder it would be good for uSA to rocket, and do well - but then thats just hoping. I think it was uSA also said they would be issuing SHs free options about 3 months down the track - obviously a strategy to get people to hold..
Did you look at UKL's prospects at all - they did well today altho some on the thread thought little of their holdings? Be interesting to compare.
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Re: MTN - Marathon Resources
This Uranium Sa float has got some serious backer behind it, I didn't realise,
Have a read
Chinese join the uranium search
Email Print Normal font Large font By BARRY FitzGERALD
September 5, 2006
Advertisement
AdvertisementChina'S interest in Australian uranium from existing mines has been extended to its participation in potential new discoveries resulting from the uranium exploration boom.
The $6 million float of Adelaide-based UraniumSA yesterday has Chinese investors among its seed capital investors and Xu Gang, the Australian representative of China's monopoly uranium buyer, Chinese National Nuclear Corp, on its board.
UraniumSA managing director Russel Bluck said having Mr Xu on the board represented CNNC's first active interest in uranium exploration in Australia. He noted that CNNC was not a "direct" holder in the company.
Mr Xu is a non-executive director, as is Alice McCleary, a member of the Takeovers Panel. The chairman is Tom Phillips, former chief executive of Mitsubishi Australia and a director of Australia Post.
UraniumSA's focus is on the uranium potential of South Australia, home to three of Australia's four uranium mines and advanced projects - Olympic Dam, Beverley and Honeymoon.
The group has secured more than 7500 square kilometres of exploration ground in what it calls the Gawler Craton uranium province, with much of the package contributed by listed groups Stellar Resources and Marathon Resources.
Stellar shareholders will get a preferential offer for 14.73 million UraniumSA shares at the issue price of 20 ¢ and Marathon shareholders 6.26 million shares. That would leave about 9 million shares available to the public. Sponsoring broker is Melbourne's Lands Kirwan Tong.
UraniumSA's main exploration properties are in the Kingoonya palaeo-drainage system. Other explorers that have taken up ground in the area are Toro and Heathgate, operator of the Beverley mine in SA's Curnamona Craton.
The area has the potential for sediment-hosted uranium deposits amenable to in-situ leach extraction, similar to that used at Beverley.
This Uranium Sa float has got some serious backer behind it, I didn't realise,
Have a read
Chinese join the uranium search
Email Print Normal font Large font By BARRY FitzGERALD
September 5, 2006
Advertisement
AdvertisementChina'S interest in Australian uranium from existing mines has been extended to its participation in potential new discoveries resulting from the uranium exploration boom.
The $6 million float of Adelaide-based UraniumSA yesterday has Chinese investors among its seed capital investors and Xu Gang, the Australian representative of China's monopoly uranium buyer, Chinese National Nuclear Corp, on its board.
UraniumSA managing director Russel Bluck said having Mr Xu on the board represented CNNC's first active interest in uranium exploration in Australia. He noted that CNNC was not a "direct" holder in the company.
Mr Xu is a non-executive director, as is Alice McCleary, a member of the Takeovers Panel. The chairman is Tom Phillips, former chief executive of Mitsubishi Australia and a director of Australia Post.
UraniumSA's focus is on the uranium potential of South Australia, home to three of Australia's four uranium mines and advanced projects - Olympic Dam, Beverley and Honeymoon.
The group has secured more than 7500 square kilometres of exploration ground in what it calls the Gawler Craton uranium province, with much of the package contributed by listed groups Stellar Resources and Marathon Resources.
Stellar shareholders will get a preferential offer for 14.73 million UraniumSA shares at the issue price of 20 ¢ and Marathon shareholders 6.26 million shares. That would leave about 9 million shares available to the public. Sponsoring broker is Melbourne's Lands Kirwan Tong.
UraniumSA's main exploration properties are in the Kingoonya palaeo-drainage system. Other explorers that have taken up ground in the area are Toro and Heathgate, operator of the Beverley mine in SA's Curnamona Craton.
The area has the potential for sediment-hosted uranium deposits amenable to in-situ leach extraction, similar to that used at Beverley.
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Re: MTN - Marathon Resources
I've been thinking,
Given that this Xu Gang chap (Aus rep for Chinese National Monopoly Uranium Company) is on the board and was a seed investor in UraniumSa, he is surely well versed with MTN and its huge deposit,
I see this as a big thing as he must also be aware that a very low Hostile T/O offer has been put in, I wonder if Mr Xu likes what he sees at MTN? ?
I've been thinking,
Given that this Xu Gang chap (Aus rep for Chinese National Monopoly Uranium Company) is on the board and was a seed investor in UraniumSa, he is surely well versed with MTN and its huge deposit,
I see this as a big thing as he must also be aware that a very low Hostile T/O offer has been put in, I wonder if Mr Xu likes what he sees at MTN? ?
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Re: MTN - Marathon Resources
I felt people here are positive about JV with UraniumSA. However, I don't share the same view with them.
I wonder why Marathon Resources and Stellar would agree the JVs with UraniumSA. They gave UraniumSA 70% equity for those minerals but only get a tiny proportion of shares from USA. It's not a fair deal at all.
I also concern cash flow problem. I'm not sure when Marathon can start to make a profit. I think current cash level can only last for 1 year. That means Marathon will need to issue placement to outsider and dilute shareholding from current investor.
The ideal situation for me is Crosby raise its bid to higher level and we sell our shares to them. If no new bidder and Crosby bid is collasped, Crosby and MM&E Capital will sell out all their shares. I fear the price will fall down to lower than 50c in that case.
I felt people here are positive about JV with UraniumSA. However, I don't share the same view with them.
I wonder why Marathon Resources and Stellar would agree the JVs with UraniumSA. They gave UraniumSA 70% equity for those minerals but only get a tiny proportion of shares from USA. It's not a fair deal at all.
I also concern cash flow problem. I'm not sure when Marathon can start to make a profit. I think current cash level can only last for 1 year. That means Marathon will need to issue placement to outsider and dilute shareholding from current investor.
The ideal situation for me is Crosby raise its bid to higher level and we sell our shares to them. If no new bidder and Crosby bid is collasped, Crosby and MM&E Capital will sell out all their shares. I fear the price will fall down to lower than 50c in that case.