There seems to be some credibility to this company....... If your company has the opportunity to acquire claims bordering a rich ore deposit, common sense dictates that you should take it. Which is exactly what Makena Resources Inc. did. MKN acquired a group of uranium claims in the world-class Athabasca Basin of Saskatchewan known as the "Patterson Claims."
The Athabasca Basis contains the world's highest grade uranium deposits and has recently produced one of the most successful Uranium discoveries in the country. The Patterson Lake South (PLS) Prospect of Alpha Minerals Inc.(TSX-V:AMW) and Fission Energy Corp. (TSX-V:FCU) has been one of the highest grade uranium discoveries ever and subsequently fueled a hugely profitable stock market run for investors and massive staking frenzy for exploration companies. Makena's acquisition consists of three claim blocks totaling 6,687 hectares (16,524 acres) in the vicinity of PLS.
The Fission/Alpha joint venture exploration program announced extremely impressive assay results: The main zone of mineralization returned an interval of 9.08% U3O8 over 54.5m, including a higher grade core of 21.76% U3O8 over 21.5m. This puts it on a level with the best holes within the Athabasca Basin district. Several other historic clusters of anomalous Uranium concentrations have also been found nearby. Alpha and Fission have now completed their merger, potentially allowing for the PLS discovery to be acquired by a larger uranium player. This may create additional significant interest in the smaller players like Makena.
Makena is an exploration-stage company with a market cap of only approximately $2 million, which places it in the junior mining category. But that junior status stands to significantly benefit investors when it comes to the Paterson claims. "We have the smallest current market capitalization of any company directly bordering the PLS," previously stated company president Negar Adam,. In other words, tremendous appreciating potential with positive results on the property.
That's the release from last year.................
Also, it has a 12-month high of 14 cents.
Most uranium companies(even some of the better known juniors like Dennison)are bargains, but it seems that it won't take much for most uranium juniors to rise dramatically.
People can say what they want but uranium is the cleanest burning fuel in the world.
Once people wake up to what fracking is doing to the environment there will be a major shift toward uranium. It has already begun.
Makena seems to be well spotted to ride this wave. It may not reach the dizzying heights of $1 but 25-30 cents is very possible.
I really can't see it falling off the face of the earth and it's pretty much at a rock-bottom price.
I can remember when JNR was two cents and nobody wanted it(eventually bought by Dennison)and it hit a high of around four dollars at it's peak.
When it was at two-three cents the JNR bullboards sounded much like the posts I'm reading here.
Wow! A lot of people sure missed the boat on that one because they believed what all the slammers were saying.
They could have invested $2000 for 50,000 shares at say 4 cents and sold at three dollars for $150,000. They could have bailed out early at $1 and still have earned a profit of $48,000.
As a matter of fact, a lot of people who believed in the company and rode the wave did just that.
It's difficult to see where the downside is with Makena. Sure there are those who will buy and sell on each upswing of a few cents, but when the stock takes off they will be left in the dust and will have to chase the stock and pay a higher price to get back in.
It's exactly what happened with JNR when it had great drill results. Personally, I sold JNR at around 60 cents and watched it skyrocket, but that was my pre-planned exit point and I did okay.
Slammin' talk is cheap. If you're in, buy the stock and forget about it for a few months. Following every one cent swing of a stock day after day is for losers.
If you don't like it, find one you do like.