MEGA URANIUM LIMITED: Set to go higher?
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Topic: Uranium Mining Stocks — February 18th, 2007
Uranium-stocks investment in Mega Uranium is doing really well and has quickly become one of the hottest uranium stocks in our portfolio, as we can see from the chart below:
Chart:
Some of the cash that we recently took out of Laramide went into Mega as we took the view that Laramide was a little overbought and we also needed to do a little re-balancing of our portfolio. Every now and again you need to stand back and look at just where your exposure to the market lies. It can be surprising how much you have put into one stock when the acquisitive opportunity presents itself. This of course, may not be applicable to you.
An extract from the TSX shows the news flow from Mega, ten events in just over one month clearly demonstrates that the management team mean business, that they are pro-active with good results right there on the table.
The list below shows such activities as: exploration in Australia, incentives for directors, acquisitions in Queensland and exploration in Mongolia, financing, development studies and first quarter results. As investors this is all music to our ears.
1: Mega Fast Tracks Lake Maitland Development Studies
CCNMatthews, February 15, 2007 10:16 AM
2: Mega Uranium Ltd. Releases Unaudited Results for the First Quarter Ended December 31, 2006
CCNMatthews, February 14, 2007 11:18 AM
3: Mega Uranium Announces Closing of Twenty-Seven Capital Acquisition
CCNMatthews, February 13, 2007 07:00 AM
4: Mega Uranium Announces Update for Twenty-Seven Capital Acquisition
CCNMatthews, February 8, 2007 04:02 PM
5: Mega Uranium Announces C$30,627,000 “Bought Deal” Financing
CCNMatthews, February 6, 2007 04:25 PM
6: Mega and Red Hill to Commence 2007 Mongolian Uranium Exploration Programs
CCNMatthews, January 29, 2007 10:07 AM
7: Mega Provides Update on Twenty-Seven Capital Corp. Acquisition
CCNMatthews, January 25, 2007 10:22 AM
8: Mega Acquires Oasis Advanced Uranium Project Midway Between Its Ben Lomond and Georgetown Projects in Queensland, Australia
CCNMatthews, January 24, 2007 09:34 AM
9: Mega Uranium Grants Options to Directors and Officers
CCNMatthews, January 17, 2007 02:23 PM
10: Mega Obtains Native Title Approval to Conduct Exploration in the Vicinity of Rio Tinto Ltd’s Kintyre Uranium Resource in Western Australia
CCNMatthews, January 10, 2007 10:42 AM
We will keep Mega on the buy list and accumulate as more cash becomes available. In two years from now we will look back and wonder why Mega was so cheap!
Mega Uranium trades on the TSX under the symbol of MGA.
17 February 07
Mega Uranium Limited: Cash Position
Mega Uranium Limited: Up 23.08 % today!
Mega Uranium Limited: Drill Results
Mega and Cash Minerals Announce Drill Results
Mega Uranium eyes more Australian acquisitions
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I’m puzzled. Why are you publishing the 2007 chart for Mega Resources. As an investor the 2010 figures are what I am concerned with. Would appreciate an explanation.
M. Ostler
Comment by Morgan Scott Ostler — February 9, 2010 @ 6:28 pm
Some time ago our readers asked us to group together articles about a particular company so that they didn’t have to search the whole site to see what we had written in the past about that company.
So we came up with the idea of relating articles by the company name, which works well for Agnico as the system then groups together those articles about Agnico.
However for articles of a more general nature the system does not work so well. Hopefully we can improve on it in future.
Best wishes,
Bob
Comment by Uranium Stocks — February 9, 2010 @ 7:24 pm
I have being reading comments of Uranium-stocks investment in Mega Uranium …and other previews your answer to the Questions seem to be the same answers.Some time ago our readers asked us to group together articles about a particular company so that they didn’t have to search the whole site to see what we had written in the past about that company.
So we came up with the idea of relating articles by the company name, which works well for Agnico as the system then groups together those articles about Agnico.
However for articles of a more general nature the system does not work so well. Hopefully we can improve on it in future.
Can you give an update answer please this is 2010.Feb.I am wanting to invest here whether it’s stocks or shares…please advise
Comment by Maria — February 15, 2010 @ 10:09 am