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

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Comment by hockeyguy123on May 26, 2014 12:32am

262 Views

Post# 22597153

RE:RE:Another shady week

goodfellow1,

I am not a paid poster. I am just posting relevant information regarding the uranium sector.

It is quite obvious that there is currently too much uranium supply and not enough demand right now. As a result, the uranium spot price is trading at $28.00 per pound (May 19, 2014) according to Ux Consulting. Also, there are currently too many uranium companies that are still in business. Many of these companies should have filed for bankruptcy a long time ago.

If you decide to ignore current and future supply and demand fundamentals in the uranium sector and refuse to incorporate it as part of your own due diligence before investing in any uranium stock that is your choice.

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