Mega Uranium Ltd T.MGA

Alternate Symbol(s): MGAFF

Metals & Mining Copper

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

Mega Uranium Ltd

Bullboard Posts

Comment by konzelmannon Jan 30, 2010 10:33pm

2208 Views

Post# 16736638

RE: MGA's Bottom?

THe floor depends on where the market goes and the spot price of uranium. Right now we're hitting lows because uranium itself is hitting lows at the same time that the TSX is in correction mode.

My best guess is that neither the TSX or the price of uranium will go much lower before heading up (at least a bit) again, meaning that MGA could be at the floor or very close.

But if the TSX drops another 200 on monday, there could be additional selling pressure. Same goes for URE, UEX, Husky Energy, anything, everything.

Bullboard Posts

Day trading vs. swing trading strategies for small-cap stocks