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Author Topic: MGMX.....ready for a bounce up !
ohio_trader
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GM Mineral Resources Completing Goals for Las Malvinas Mine and Negotiating Additional Property
Thursday September 21, 9:45 am ET

TORONTO--(MARKET WIRE)--Sep 21, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.


As per previous Press Releases, Metro Gold Mines has recently completed negotiations with various additional mines and properties which continue expanding the Company's portfolio. The most recent negotiations were completed pertaining to Las Malvinas Mine, which is located just over a mile from the other known MGMX properties, such as La Esperanza.

The Company's geology and technical teams are still completing all the pertinent information in order to produce the results to the shareholders. They have been working diligently and are anxious to share all positive feedback as to the future potential of this mine. The Las Malvinas property is most definitely a producing mine, although currently not at any high production levels, but, the Company has already moved machinery and technical teams to the location as of last week. If all goes as anticipated, the mine can be fully expanded and operational within 45 to 60 days.

"While we are concentrating our production efforts on Las Malvinas property, since it will be bringing in revenue for our Company by end of year, we are also negotiating an additional producing property," said Jairo Giraldo. "The mine is called La Victoria and we will advise our shareholders when the negotiations are complete. As mentioned previously, we will continue concentrating our production efforts on Las Malvinas, while finalizing all exploration reports on our other properties and negotiating additional mines to join the MGM team."

The Company wanted to confirm that all the goals mentioned in the Press Release dated August 24, 2006 are being completed and fulfilled.

About MGM Mineral Resources (Other OTC:MGMX.PK - News)

Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but, is now extending to other areas throughout the country. For more information please visit www.mgmmining.com

Forward-Looking Statements

Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Contact:

Contact:
Mr. Kenneth Lamb
President
416-214-7847


--------------------------------------------


at the low now, should see a nice bounce in the next few days, great entry point


***do your homework***

Ohio_Trader

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jos_tul
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This is going to blow up soon...MM accumulating shares with shake for past few days...they are going to let this loose soon

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To reach hill top start from the top

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BooDog
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didn't someone try this before? do a search and you'll see. Maybe it will go this time. Set alert for .0009 unless they get a decent filing.
It is at a good level for a bounce but it's all PRs. JMO, and in that search you'll see I picked up a bag. LOL.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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Don't you just love how some of these go down on good news? Almost enough to turn you into an Elmer Fudd.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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JETPILOT
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How low will it go? How low will it go?
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JETPILOT
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.0023 52 week low. Maybe it will go up from here.
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ohio_trader
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dilution is near its end....this baby is ready to pop, and when it goes we may see a 2-3X bagger in 1 day

i rode this down and sold all shares back in June at over .02(at a very big loss),have been watching ever since and think its about ready to GO back up hard...just got back in Thursday...this time will make $$$

this baby was diluted to the hiltin the last 4 months, alot of accumulation by mm's and others,may dip a hair more, may not, soon will GO strong though !!

IMO

***do your homework**

Ohio_Trader

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ridi
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News is good, but don't forget to look at technical indicators before you confirm a bullish trend.

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Just my humble opinion based on my understanding of the facts

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ohio_trader
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worth keeping an eye on...took a big hit yesterday and made a quick rebound today....if dilution is almost over this will turn back up quickly IMO

.....also sometimes charts and indicators mean a hill of beans with pennies as we all know, for good or bad


GLTA who dare to buy, this may be a fun ride back up real soon

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BooDog
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quote:
Originally posted by ohio_trader:

.....also sometimes charts and indicators mean a hill of beans with pennies as we all know, for good or bad

No doubt about that M8.

did make a nice recovery yest. Gap down better than a fat finger to try and spark some life. We'll see. already added more but thinking it may go lower yet. this hits even .01 I'll be a happy allstocker (even with all the extra pop ups here). And if this turns out to be legit on the way.... daum!

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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ohio_trader
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looks like good support at bottom .002, Up from here and should be soon....

this is setting up to bounce over a penny soon IMO


*** do your homework***

Ohio_Trader

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BooDog
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http://biz.yahoo.com/iw/061002/0168401.html

almost didn't want to post this PR. lets see something like "machinery has been moved and people are finding the loot!" until then IMO this will be flapping in the wind.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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JETPILOT
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High volume up 36.36% today
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tompom
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i´m in at .0028
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KublaKhan
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How about this one?

quote:
Local and National Dignitaries Attend Ribbon Cutting Ceremony Launching MGM Mineral Resources Latest Mine Into Full Operation
Tuesday October 3, 11:40 am ET


TORONTO--(MARKET WIRE)--Oct 3, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.

"MGM Mineral Resources has been diligently involved with the newest acquisition of Las Malvinas Mine," said Jairo Giraldo, CEO of MGM Mineral Resources. "As such, we have designated our resources and technical teams to the site of Las Malvinas Mine. This has caused a lot of regional and national focus toward the mine and the Company's operations. We were able to recently launch Las Malvinas Mine officially, with local and national dignitaries present at our ribbon cutting ceremony."

The Company has already commenced all technical work on the mine and has entered the production stage. MGM Mineral Resources confirms all previous reports and goals that the Company is about to become a high gold yielding operation. The Company will be seeing revenues generated from this mine's production within 90 to 120 days.

"On behalf of MGM Mineral Resources, we would like to thank the Mayor, local army and government officials for helping us navigate through the bureaucratic process of this acquisition," said Ken Lamb, President of MGM Mineral Resources. "It is good to know that the local, provincial and national communities and government stand behind our efforts and support our corporate goals. The Company has been working hard in positioning themselves in becoming major players in the Colombian gold communities, and the addition of Las Malvinas Mine will bring us closer to realizing this goal."


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BooDog
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quote:
Originally posted by BooDog:
http://biz.yahoo.com/iw/061002/0168401.html

almost didn't want to post this PR. lets see something like "machinery has been moved and people are finding the loot!" until then IMO this will be flapping in the wind.

LMAO
"The Company has already commenced all technical work on the mine and has entered the production stage."
were they reading this?

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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PEP
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One of the share holders went down to Colombia to check out the company and posted pictures of the gold mines, the company office, and CEO. Message me if you want the link with the pictures.
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PEP
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http://**************.yahoo.com/group/mgmx_group_duo/

Here is where the pictures are located.

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tompom
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this puppy is getting a lot of attention today
i´m in at .0022

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bmarley57801
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in *0022 as well.
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tompom
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.0024 almost gone
this looks like a breakout!

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tompom
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dip
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tompom
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bid is building
next leg up soon

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tompom
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big buys rolling in now
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tompom
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there she goes...
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bmarley57801
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vol picking up
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tompom
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.0023 will be gone fast
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bmarley57801
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must be news in the air??
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tompom
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that´s what i call lunch action!
huge buys going through

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tompom
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this smells like news around the corner
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tompom
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.0025 almost gone
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tompom
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.0026 on the ask now
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bmarley57801
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NICE- VERY NICE INDEED
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tompom
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this is going higher
last run it topped out at .0032

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bmarley57801
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----- .0032 is the 50MA ------
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