Seems someone's noticed: a stock tipster gave it a tilt last sunday. Surely Mt Gee has to be the next best drilled and developed resource of uranium in Oz after Bigyrli and Beverley.
I think people are perhaps worried about Marathon after that takeover malarkey, and the fact they have $2M in the bank and they spent $2M last year on admin alone. Means there's a placement in the offing, and brokers get nervous about people cutting their grass in the placement and stop recommending the stock to buyers.
Marathon is also very heavily capitlised even at this level.
But...if Mt Gee has as much goodies as I think, which insto or "sophisticated investor" wouldn't stump up for a slice of this pie?
Not holding, I must admit, but I reckon the above might be a good set of guesses as to why MTN is languishing. But if I had some cash, which I don't, I would seriously consider this thing. But make up your own mind...
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