posted
Look at the Close...What a rebound..Plus news on the mine...+....I have been in this since .28 amd holding strong...I just had the weirdest gut shot feeling it was gonna be big, Sold my HOGC and bought more MGGV even when it kept dropping....This is going to be huge Tuesday..Watch for it guys.......
Do your own DD before buying anything...
-------------------- Its The FLYBOY!! Posts: 102 | From: Madison, WI | Registered: Apr 2006
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posted
Last time when news came out after hour, it dropped 80% next day. I hope it does not repeat again.
Posts: 73 | Registered: Apr 2006
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news looks extremely good for run. although i am not sure what would be good entry point.. tried to get in * 0.27 couple of days back and only glad i couldnt, since it tanked further down. but definitely if this news reverses the downtrend, then i will jump in first thing on tuesday. volume is dry though!!!
Posts: 270 | Registered: Apr 2006
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quote:Originally posted by ark: Last time when news came out after hour, it dropped 80% next day. I hope it does not repeat again.
That drop was some serious manipulation. I read some posts on another forum how this guy was bragging he was shorting MGGV. I'll bet he got sick on that news release.
-------------------- If I talk about a stock, I either own shares or may be looking to buy. DO your own DD. Posts: 34 | Registered: May 2006
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Michigan Gold Mining Investments Inc. CEO Comments on Significant Probable Silver Reserves at Anita Mine
BAY CITY, MI -- (MARKET WIRE) -- 05/30/06 -- Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV) released comments today from its CEO.
Michigan Gold's CEO Ben Fuschino issued this statement concerning the presence of significant probable silver reserves at the Anita Mine in Peru. The company has recently entered into an option agreeement to purchase the renowned South American mine.
"The information concerning these silver deposits at the Anita Mine is extremely exciting for us here at Michigan Gold. Silver prices have been very strong as of late. Silver has industrial uses in addition to its lure for the investment community. Given the high demand for the metal, we feel the information concerning the presence of Silver makes the Anita Mine workable. This property could well prove itself to be a very nice fit in our strategy of the acquisition and development of prime mining sites and would help to ensure the strong success of our company's future," stated Mr. Fuschino.
As detailed in a press release issued on May 26, 2006, Michigan Gold Mining has announced the presence of significant probable silver reserves at the Anita Mine in Peru as reported by Professional Engineer, Mauro Espinoza Aguayo.
The Anita Mine is estimated to contain probable reserves of 3,182,200 ounces of silver over 227,000 Metric Tons of ore. This translates into 14.05 ounces per tonne of silver per Metric Tonne (a metric tonne is approximately 2,200 lbs).
Assuming a price of ten dollars ($10) per ounce for silver (silver currently trades above $12 an ounce), the gross value of the ore would stand at $140 per tonne. Mr. Aguayo estimates the costs of extracting the silver would run $14-$24 per tonne leaving approximately $110 per tonne as gross profit.
This deposit is open at depth and MGGV plans to drill test these deeper zones this coming summer.
Engineer Aguayo's report estimates Anita has a further potential of an additional 216,000 Metric Tonnes of ore with the average grade of 10 ounces of silver per tonne, which would, if accurate, represent an additional 2.16 million ounces of silver.
Other sections of the 325-hectare property (app. 810 acres) have been unexplored. MGGV has a geologist on the property. The Geologist is compiling a report on how best to test these unexplored areas.
Michigan Gold Mining Investments, Inc. is correlating the other metals that exist contiguously with the silver in the Anita 227,000 MT deposit and the company expects to publish the grade and the quantity of these metals as the information becomes available.
Michigan Gold Mining Investments anticipates total probable reserves of various precious and industrial metals in the Anita Mine to be significantly viable.
About Michigan Gold Mining Investments, Inc.
Michigan Gold Mining Investments, Inc. is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America who currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property.
Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits.
Michigan Gold is committed to the accumulation and development of unhedged precious metal deposit sites in both North and South America.
-------------------- If I talk about a stock, I either own shares or may be looking to buy. DO your own DD. Posts: 34 | Registered: May 2006
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posted
Wow I guess I talking to myself on the other thread that was moved, silver over 13 dollars an ounce MGGV doing everything right short sellers cannot hold this back forever...
Posts: 119 | Registered: Apr 2006
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posted
What a rollercoaster ride this one is today too.
But it will rebound nicely and soon, off we go to $$$ land IMO.....This is a strong long hold for this week..Strong and long...This will soon get interesting...All the metals have been hot and going up...We will see...Just bought more * .21
-------------------- Its The FLYBOY!! Posts: 102 | From: Madison, WI | Registered: Apr 2006
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posted
Got a good thing going on here, not many interested in selling cheap, some news could finally get us through the .25, .30 resistance
Posts: 119 | Registered: Apr 2006
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posted
(MGGV)Michigan Gold Releases Probable Lead (Pb) Reserves of the Anita Mine
"As reported by Professional Engineer, Mauro Espinoza Aguayo (May, 2006), "Contiguous with the silver in the 227,000 Metric Tons of ore is a probable lead deposit reserve averaging 6.7% Pb over the 227,000 Metric Tons. This amounts to a total 15,911 Metric Tons of lead."
Lead currently trades at about 47 cents per pound. The average ton of ore would contain 135 lbs. of lead or approximately $60.00 per ton."
Posts: 119 | Registered: Apr 2006
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posted
Michigan Gold Releases Probable Lead (Pb) Reserves of the Anita Mine
Thursday , June 01, 2006 15:30 ET
BAY CITY, MI -- (MARKET WIRE) -- 06/01/06 -- Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV) is pleased to announce the probable lead (Pb) reserves in the Anita mine.
As reported by Professional Engineer, Mauro Espinoza Aguayo (May, 2006), "Contiguous with the silver in the 227,000 Metric Tons of ore is a probable lead deposit reserve averaging 6.7% Pb over the 227,000 Metric Tons. This amounts to a total 15,911 Metric Tons of lead."
Lead currently trades at about 47 cents per pound. The average ton of ore would contain 135 lbs. of lead or approximately $60.00 per ton.
President and CEO Ben Fuschino commented, "This lead deposit coupled with our silver deposit is accretive to our value per ton of ore and makes the Anita Mine an even greater potential asset to MGGV's acquisition and development strategy."
Mr. Fuschino added, "Explosive growth in the Far East economies has insured solid demand for lead as well as other industrial metals. We have high hopes the valuable silver and lead deposits are not the only commercially viable metal deposits we will find at Anita."
Michigan Gold Mining Investments, Inc. is correlating the other metals that exist contiguously with the silver and lead in the Anita 227,000 MT deposit, and the company expects to publish the grade and the quantity of these metals as the information becomes available.
Other sections of the 325-hectare property (app. 810 acres) have been unexplored. At the present time, MGGV has a geologist on the property. The Geologist is compiling a report on how best to test these unexplored areas.
Michigan Gold anticipates total probable reserves of various precious and industrial metals in the Anita Mine to be significantly viable.
The Anita Mine is situated in the southern part of Peru, three miles SW from the Barrick's gold mine, Arequipa.
About Michigan Gold Mining Investments, Inc.
Michigan Gold Mining Investments, Inc. is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America. Michigan Gold currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property.
Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits.
Michigan Gold is committed to the accumulation and development of unhedged precious and industrial metal deposit sites in both North and South America.
The company is of the opinion that the bull market in metals is a trend that will continue over a generation. The current low levels in Global Inventory in most metals and, most importantly, longer-term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. These factors, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits, may support historically high dollar prices in metals for many years to come.
Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.
Michigan Gold Investments, Inc. (trading symbol MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.
Forward-Looking Statement
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
posted
Great news seems like that mine is richer then we thought, I wonder if it has anything else in it?
Posts: 119 | Registered: Apr 2006
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The mine gets richer and richer...If there is lead in there too, I bet there is a lot more to come...Low float and could be shorting....Big gains coming IMO...Hold till it fly's you home..
I hope I am right?? LOL
-------------------- Its The FLYBOY!! Posts: 102 | From: Madison, WI | Registered: Apr 2006
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Michigan Gold to Hold an Investor Conference Call Announcing Historically Significant Milestone Event Tuesday June 6, 10:00 am ET
BAY CITY, MI--(MARKET WIRE)--Jun 6, 2006 -- Michigan Gold Mining Investments, Inc. (Other OTC:MGGV.PK - News) is very pleased to announce an investor conference call is scheduled for June 28th, 2006 at 4:30 pm Eastern, when a historically significant event will be announced and discussed in detail by President & CEO Ben Fuschino. ADVERTISEMENT
Further details concerning this scheduled event, including the necessary investor conference call access numbers, are to be released at a later date.
A press release detailing the discussed milestone event is also expected to be issued immediately preceding the conference call so that shareholders who are not able to attend the call will be also be informed in a timely fashion of Michigan Gold's milestone event as well as any additional company progress which will discussed on the call.
In the interim, the process of defining mineral reserves in the Anita Mine is underway and Michigan Gold anticipates issuing further news during the month of June which will be intended to update investors on its Geologist's progress at Anita.
Total probable reserves of various precious and industrial metals in the Anita Mine are anticipated to be commercially viable at this renowned mine in Peru.
About Michigan Gold Mining Investments, Inc.
Michigan Gold Mining Investments, Inc. is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America. Michigan Gold currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property.
Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits.
Michigan Gold is committed to the accumulation and development of unhedged precious and industrial metal deposit sites in both North and South America.
The company is of the opinion that the bull market in metals is a trend that will continue over a generation. The current low levels in Global Inventory in most metals and, most importantly, longer-term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. These factors, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits, may support historically high dollar prices in metals for many years to come.
Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.
Michigan Gold Investments, Inc. (trading symbol MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.
Forward Looking Statement
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
Contact: Contact: Investor Relations 989-509-5908
-------------------------------------------------------------------------------- Source: Michigan Gold Mining Investments, Inc.
Posts: 420 | From: Canada | Registered: Feb 2006
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quote:Originally posted by Madvillain: Looks like bottom here.
Mad
I would like to think so as well. This company has way to much going for it then the price reflects.
-------------------- If I talk about a stock, I either own shares or may be looking to buy. DO your own DD. Posts: 34 | Registered: May 2006
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posted
Michigan Gold Acquires 11.3 Million Shares of Condor Gold in Preferred Share Issuance Jun 13, 2006 9:15:00 AM BAY CITY, MI -- (MARKET WIRE) -- 06/13/06 -- Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV) is pleased to announce that it has acquired 11.3 million shares of Condor Gold Inc. (http://www.condorgold.com/)
Michigan Gold will issue 1,000 Series 'A' Preferred shares to purchase this common stake in Condor Gold. The redemption value of the preferred shares is $225,000. The preferred shareholders have waived any interest for the first two years; thereafter the preferred shares will pay a dividend of 7% annually to the preferred shareholders.
As part of the purchase terms, Michigan Gold has entered into a lock-up agreement with Condor Gold whereby Michigan Gold will not, directly or indirectly, privately or in the public markets, purchase any more common shares of Condor Gold until after October 1, 2006.
Condor Gold, Inc. is a junior mining company. Condor has combined numerous small mining properties and a substantial amount of new staking to create a compiled property holding consisting of almost 150 square kilometers (56 square miles) and an 18 mile strike length. Condor's Qualifying Report (listed on Sedar) confirms a measured and indicated resource of 269,300 ounces of gold and an inferred resource of 193,800 ounces of gold from surface to a depth of 600 feet. Drilling in 2002 and 2003 indicates that the resource continues below 600 feet and along strike. The company currently has 205,739,482 common shares outstanding.
Michigan Gold officials stated the company believes in the long term value of Condor Gold, Inc. The company further stated the stake would fit into MGGV's strategic goal of acquiring and developing precious metals assets at favorable prices during a time in which metals prices are in the midst of a cyclical bull market.
Michigan Gold earlier announced an investor conference call scheduled to take place on June 28, 2006 in which the company has stated investors would be made aware of a "significant milestone event" for the company. Further details of the call, including all necessary access numbers, will be released at a later date.
About Michigan Gold Mining Investments, Inc.
Michigan Gold Mining Investments, Inc. is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America who currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property.
Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits.
Michigan Gold is committed to the accumulation and development of unhedged precious metal deposit sites in both North and South America.
The company is of the opinion that the bull market in metals is a trend that will continue over a generation. Notwithstanding, the current low levels in Global Inventory in most metals and, most importantly, longer term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. This factor, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits may support historically high dollar prices in metals for years to come.
Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.
Michigan Gold Investments Inc. (trading symbol MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.
Forward-Looking Statement
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
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Look at the Close...What a rebound..Plus news on the mine...+....I have been in this since .28 amd holding strong...I just had the weirdest gut shot feeling it was gonna be big, Sold my HOGC and bought more MGGV even when it kept dropping....This is going to be huge Tuesday..Watch for it guys.......![[Razz]](tongue.gif)
Do your own DD before buying anything... 
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