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Mega Uranium Ltd T.MGA

Alternate Symbol(s):  MGAFF

Mega Uranium Ltd. is a Canada-based mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties. It has exploration stage mineral resource properties in Queensland and Western Australia and investments in uranium-focused companies. It also holds interests in junior and medium-sized uranium exploration and development companies, royalty and diversified uranium holding companies, and its own exploration and development projects. The Company’s project is Maureen Uranium-Molybdenum Project, which is located approximately 32 Kilometer (km) away from the small regional hub of Georgetown, located in Northern Queensland, Australia. Its subsidiaries include Maple Resources Inc.; Uranium Mineral Ventures Inc., Mega Georgetown Pty Ltd., Mega Hindmarsh Holdings Pty Ltd., Mega Redport Holdings Pty Ltd., Monster Copper Corporation., Nu Energy Uranium Corporation, and Northern Lorena Resources Ltd.


TSX:MGA - Post by User

Bullboard Posts
Comment by watchout34on Mar 10, 2007 7:32am
411 Views
Post# 12393534

RE: Getting Frustrated

RE: Getting FrustratedIt is because Mega is one of the most expensive uranium stocks out there. Go get the free Sprott 120 uranium report and see for yourself. This buying of other companies doesn't add much value per share because they have to issue new shares to pay for the companies. I wonder what the managers of those bought companies will do? I would not be surpised if they move to other companies and that way Mega will only have bought the property. We all know that management is the key factor to make a company successful. If somebody ever wanted to buy Mega it will have to come up with some proven pounds in the ground and that's what they don't have at the moment. I wonder if they will ever be able to find enough to back up this inflated (thank you Dines) Market cap. By the way, who would want to have properties all over the world? The TA picture does not look too good. I think the Dines lemmings are beginning to sell. Either that or they will be the ones holding the bag. If you want to make som emoeny, move on the smaller companies or the bigger ones that will go into production in the next few years.
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