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post Posted: Mar 7 2019, 06:28 PM
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In Reply To: nipper's post @ Mar 7 2019, 05:51 PM

This company is headed for Administration

post Posted: Mar 7 2019, 05:51 PM
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In South Australia, ASX-listed Marmota is using a biogeochemical leaf analysis which helped guide it to a high-grade gold strike at its Gawler Craton project in September.

Gum trees siphon up minute traces of gold from their roots to their leaves, which are then analysed in a lab.

"The gums were able to pick up moderate mineralisation down to about 60 metres," geologist Aaron Brown said.

The technology was developed during the boom years of 2012-2013 but has taken time to be used commercially as miners and investors look to reinvest in exploration after several lean years

"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
post Posted: Sep 28 2012, 02:08 PM
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In Reply To: noosaman's post @ Sep 28 2012, 01:31 PM

Noosaman it's was out there that they where doing the cap at 4cents for the shortfall no one listened it has been a decent trade and knocked 5 g off it on a quick trade so while a few may feel hard done by. The information was out there for all to see but some chose not to look. It's a tough place the market on the next big thing. Ps the grades where not that good when you look at others trenching results.It's when people like t4p get on there and declare it to be the next sir people follows gigs like that and get stung. Tight stops is the name of the game it's a business after all.

post Posted: Sep 28 2012, 01:31 PM
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In Reply To: boundless's post @ Sep 24 2012, 09:48 PM

For those of you riding this rollercoaster

Sydney - Friday - September 28: (RWE Australian Business News) -

Sometimes it seems small shareholders are just collateral in the
big boys' sharemarket.
The poor saps in MARMOTA ENERGY (ASX:MEU) know all about it.
Back on May 16 the company announced a 1-for-2 share issue at 4c
seeking a total $3m.
As almost always happens in these cases the share price promptly
fell from 6c to 3.2c and the stock did not trade at 4c or above again
until Wednesday last week - four months later, and well after the issue
had closed - when it jumped 1.8c to 5c.
That's the day the company announced the discovery of a large
coincident nickel and copper-in-calcrete anomaly on its 100pc-owned
Pundinya tenement in the Gawler Craton of South Australia.
Next day we highlighted the company in this column and pointed
out it had given itself a leg up by revealing that the project also
contained the Pundinya uranium prospect, where grades of up to 3200 ppm
uranium were returned from assays.
And in case shareholders didn't get the message, Marmota then
said latest results there were anomalous copper and nickel-in-calcrete
with grades of up to 175 ppm Cu and 330 ppm Ni, "similar to the initial
results reported from the recent Nova discovery in WA".
That, of course, was the SIRIUS RESOURCES (ASX:SIR) Nova, now
being referred to as Super Nova (of which there's more later today).
Marmota closed at 5c that day but after a follow-up announcement
on Friday the market went wild and Marmota peaked at 29c before closing
at 18.5c.
The profit-taking continued and the price fell gradually to 13c
this Wednesday.
Yesterday small shareholders were aghast as the stock opened at
12.5c and plunged to 6.5c before closing at 7.5c.
Early in the afternoon the company issued an update on the
Pudinya find which seemed fairly harmless and offered no reason for the
sharp selloff.
However, the company also reported the shortfall shares from its
May rights issue had seen "significant interest from existing
shareholders and supportive brokers".
"Significant interest"? ... at 4c for shares selling for at least
13c? ... it's a wonder the company was not killed in the rush.
The shares certainly were almost killed yesterday.
There were 70m shortfall shares.
Yesterday's turnover was 75m shares.

post Posted: Sep 28 2012, 10:15 AM
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Anyone know if this company actually has what it says it has? Is it really the next SIR??!!

I don't trade fundamentally but for those who are questioning whether they should buy into the story...
You have to question the competence and whose interest directors are serving when the price rockets to 30c, directors sell at 20c and then they go back to complete a raising at 4c. IMO they could easily have had a new raise at 10c and more than halved the new shares they had to issue.
On a trading perspective 69mil new shares have been taken at what many would call a bargain price, wouldn't suprise me to see another push higher before a dump, will watch for a trade.

post Posted: Sep 27 2012, 04:23 PM
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In Reply To: tcisboss's post @ Sep 25 2012, 11:55 AM

Low of 6.5 today, ouch from high of 29 cents last Friday bought some today at 6.7 for a trade what about you boundless kept away?


post Posted: Sep 25 2012, 11:55 AM
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In Reply To: boundless's post @ Sep 24 2012, 09:48 PM

The difference between SIR and meu is sir actually drilled at this same stage and meu are samples. When you talk samples look at gmx they 49% Ni, but who knows until drilling. If you want to buy meu wait till it settles in a week or so as it will drift down until drilling. Lot of people under water will they crystallize loss or wait. But company needs funds at what price will they get the 69 mil away and when are questions you have to ask. Easy to get caught up in something and before you know it you sitting on 50% loss with more shares going to issued needing a 100% gain just to get even.

post Posted: Sep 24 2012, 09:48 PM
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So in effect this is all a bit of smoke and mirrors??!!!

post Posted: Sep 24 2012, 02:01 PM
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In Reply To: tcisboss's post @ Sep 24 2012, 10:55 AM

Also I forgot to say directors have the ability to place the shortfall of 69 mil shares at anytime.

post Posted: Sep 24 2012, 10:55 AM
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In Reply To: boundless's post @ Sep 23 2012, 02:17 PM

I kind of think if it was really all that and a bit not as many shares would have been turned over. To tell you the truth I don't they know either, while yes is it promising yes. But really do they know what's down there no not until they drill. Kind of sad to see everything compared with SIR as expectations grow. Just have to look at sfx announcement They are close to sir but are hinting about there SIR nearology everyone can't be the next sir. Pump pump


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