MRU 0.00% $7.00 mantra resources limited

MRU is looking very very interesting. OMC Directors have just...

  1. 3,378 Posts.
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    MRU is looking very very interesting. OMC Directors have just announced their acceptance of the Denison takeover. MRU just happens to have the same board of directors as OMC. After the takeover they will be working "full time" on MRU. The shareprice looks like BMN before it took off. The MRU management are very astute and they have deals already in the pipeline (the ASX releases make reference to confidential discussions).

    They have a very hot u play in Tanzania called Nyota on the Mkuju River (the prospectus has all of the details) and now Denison will become their 15% JV partner supported by English fund manger Anglo Pacific (who has bid up the price to current levels to get 20%). Anglo was also an investor in OMC and has gotten in early into MRU before it runs away in price. They have another big project next to UNX in Central Tanzania.

    Chart looks like BMN before it took off. Current valuation is $20 million. With current management this will be primed for much much higher valuation by expert drilling and deal making. Check out the share chart, looks like the begining of a moonshot and folks like Denison will be watching. Mortgage granma's inheritance on this one. Good luck to all longs
 
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Currently unlisted public company.

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