Mega Uranium Ltd T.MGA

Alternate Symbol(s): MGAFF

Energy

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

Post by Time4TAon Aug 29, 2011 7:55am

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Post# 18988637

70% Discount to NAV - MGA FIre Sale Price

Uranium Companies in Play as Net Assets Exceed Shares: Real M&A

Uranium companies from Toro Energy Ltd. to Mega Uranium Ltd. are so depreciated they're trading at less than their assets would be worth in a fire sale.
MGA Trades a whopping 70% Discount to its Asset Value of $269M with its current Market Cap of $79M...$31 Million of that market Cap consists of Cash and Marketable securities. SALE !