E25 - Element 25

[Sean K]

What do you guys think of those grades and thicknesses in the historical drilling?

0.3m @ 0.53% (30cm at 5300ppm)
0.6m @ 0.47%

Some outstanding grades, but 30 cm?

 

[greggy]

MZM in pre-open anyone have any info? Speeding ticket?

Hi noobs,

This is a summary of today's MZM ann. (a quck cut and paste job):
High Grade Uranium Mineralisation Revealed at Robinson Range JV
• Review of historical uranium exploration data at Robinson Range highlights high grade uranium results including 0.3m @ 0.53% and 0.6m @ 0.47% uranium.
• Three priority targets have been identified to date containing primary and secondary uranium mineralisation.
• Two of the key targets are on granted tenements enabling work to commence immediately.
• Major regional draining systems identified with potential for significant secondary calcrete hosted uranium mineralisation.
• New uranium projects acquired at the Bangemall Basin and Officer Basin regions of Western Australia.
DYOR

 

[greggy]

What do you guys think of those grades and thicknesses in the historical drilling?

0.3m @ 0.53% (30cm at 5300ppm)
0.6m @ 0.47%

Some outstanding grades, but 30 cm?

Agreed. Outstanding grades, but thickness isn't anything to write home about!
I'm no longer holding, but am watching with amusement on the sidelines.
DYOR

 

[noobs]

Thanks Greggy took at least 10min from pre-open till ann.

 

[Sean K]

Agreed. Outstanding grades, but thickness isn't anything to write home about!
I'm no longer holding, but am watching with amusement on the sidelines.
DYOR

Yes, amuzing. It's all those cabbies buying it.

 

[greggy]

Yes, amuzing. It's all those cabbies buying it.

I can't complain. Some of the cabbies bought mine this morning. MZM has until today been totally overlooked. Its good how the company is finally learning the true meaning of PR. Still it has a very solid board and interesting prospects on more than one front. But when uranium is mentioned, the share price takes off.Good luck to existing shareholders
DYOR

 

[YOUNG_TRADER]

The fun will really start when they do more work over at The Callawa Project


The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work.

 

[moses]

mmm...something must be up with a volume spike like this...

 

[steven1234]

The spike may have been due to the announcement or in anticipation of drill results.

Time will tell.

 

[greggy]

The fun will really start when they do more work over at The Callawa Project


The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work.

Although I'm now out, the Callawa Project is MZM's most interesting project especially after its recent rock chip sampling results came out.
DYOR

 

[steven1234]

Greggy

Would you consider getting back in on MZM? Can i ask how much you sold out for?

 

[greggy]

Greggy

Would you consider getting back in on MZM? Can i ask how much you sold out for?

Hi steven1234,

Having purchased MZM in the high teens, I got out of them at an ave. price of 26c. I sold them to help pay for my purchase of 3 million shares in RMG. I also had a large number of options which I had previously sold around the 11-12c mark. I'm still closely watching MZM as I feel that it has several interesting prospects, in particular the Callawa and Weebo Projects which have been discussed in detail in this thread. It will be interesting to see if the company gets involved in more uranium projects considering the positive effect of its latest uranium announcement. As for buying back in, everything has its price.
DYOR

 

[YOUNG_TRADER]

The thing with MZM is there are only 20m tradeable shares and they are very very tightly held so when it does run it will explode,

Add to this the fact that its current mkt cap is about $10m and the quality of management and I think MZM is only a matter of time

 

[steven1234]

Thanks Greggy

Its good to see you haven't abandoned MZM completely. Being in its early stage there may be quite a few good opportunities to buy in, but should the next few announcements come up positive this may rocket up to a new level. (I hope so).

I bought in during the recent correction when the price dropped to 17c. I was suprised it dropped this low with the prospects of drill results coming and couldn't resist. I hope prices in the teens are now a thing of the past, but we shall see.

 

[greggy]

The thing with MZM is there are only 20m tradeable shares and they are very very tightly held so when it does run it will explode,

Add to this the fact that its current mkt cap is about $10m and the quality of management and I think MZM is only a matter of time

Agreed. This one remains on my watch list for reasons recently restated despite my exit.
DYOR

 

[YOUNG_TRADER]

I can't believe that with all the company's out there whose ann make it out to insiders prior to being released MZM gets pulled up,

LOL, poor buggers!

 

[dubiousinfo]

I can't believe that with all the company's out there whose ann make it out to insiders prior to being released MZM gets pulled up,

LOL, poor buggers!

Totally agree YT.

Where are the letters to the other 20 companies that have leaked recently.
If this gets taken any further, MZM could rightfully be asking some questions of the ASX in regard to why it hasn't issued notices to the other companies.

 

[greggy]

Totally agree YT.

Where are the letters to the other 20 companies that have leaked recently.
If this gets taken any further, MZM could rightfully be asking some questions of the ASX in regard to why it hasn't issued notices to the other companies.

I've just looked at the ASX notice. Talk about heavy handed. Its also totally lacking in consistency. There are many other companies out there who do not receive anywhere near as much attention when their share prices rise like MZM did the other day. I would say fair enough if only if it were applied this way across the board.
DYOR

 

[YOUNG_TRADER]

MZM rocketed yesterday closing at an all time high of 27.5c, MZMO hit 20c, somethings up the smae management over at HNR are delivering the goods, interesting time lay ahead

 

[greggy]

MZM rocketed yesterday closing at an all time high of 27.5c, MZMO hit 20c, somethings up the smae management over at HNR are delivering the goods, interesting time lay ahead

Hi YT,

MZM is up another 5.5c today to 33c. Looks like the recent Investor Presentation has increased its profile. Also, the Terry Grammer effect, a MZM Director, may also be having a positive influence on the share price. Mr Grammer is also a Director at HNR and has an excellent track record as I've highlighted in previous posts. MZM's recent push into uranium has also had a positive effect.
DYOR