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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 mcintmaon Feb 10, 2017 10:49am
146 Views
Post# 25828247

RE:MGA is a holding company

RE:MGA is a holding companyJFYI



PickingWinners
Comments (27) |+ Follow |Send Message
Nice article. one caveat though- the discount right now is basically at its lowest point in the last 6 months ... so do you have an opinion on why we are more likely to keep going to parity vs going back to the previous discount (which ranged from 35 to 70%)?
18 Jan 2017, 03:00 PM Report Abuse Reply 1 Like
Jason Hamlin, Contributor
Comments (265) |Following |Send Message
Author’s reply »
Thanks and valid point. I should have run discount numbers going back longer. I see an average of around 30% over the past six months. Going back to June and July, it was a deeper discount at 45% and 41%, respectively.Jan 18, 2017: 24%
Dec 18, 2016: 28%
Nov 18, 2016: 32%
Oct 18, 2016: 25%
Sept 16, 2016: 31%
Aug 16, 2016: 31%
July 18, 2016: 41%
June 17, 2016: 45%So yes, it was an even better value earlier in 2016. Regardless, I believe the discount should trend towards parity over time and then become a premium when uranium prices are more economic and the market values Mega's uranium assets and interests at something higher than zero. Those looking for deeper value can wait for the premium to rise back above 40%, but no guarantee that it will.
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