MTN decide their announcement on Friday wasn't good enough to shore up the SP so they come out with ANOTHER announcement to spark some itnerest and succeeded.
At least today's announcement was a little more clear, however they have made a big mistake by making 'public comparisons' between their company and other uranium companies...they will not make any friends that's for sure acting like that.
The one positive out of the announcement today was some clarity into the exploration drilling that they will make...that is, they will finally be doing some work to substantiate their claims.
However it is a shame they have AGAIN not addressed the obvious ? mark that hangs over the company...will their resource be economical and why do they believe that.
Until that ? is answered, this stock will continue its rollercoaster ride...depending on whether you buy at the dips or tops will determine whether you make or lose money on it.
One for the traders...my recco is that investors stay away until they substantiate the economic viability of the resource. Simply showing other companies with similar grades does not make ITS resource economical.
Cdchi1
MTN decide their announcement on Friday wasn't good enough to...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NRZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.002(33.3%) |
Mkt cap ! $7.609M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.4¢ | $35.69K | 7.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 13501000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1275998 | 3 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| NRZ (ASX) Chart |