posted
MGMX is at a 52 week low and recently filed a 15c-211 confirming its recent aquisition, its intent to aquire another mine and that they are mining gold as i write this (as opposed to planning to mine sometime in the indefinite future). investor relations has recently stated that they have "no plans to increase or reduce the amount of shares within our company" and stated its share structure as:
Authorized 800,000,000 Outstanding 400,000,000 Public Float 180,000,000 Restricted 220,000,000
they have also provided the contact information for their transfer agent so anyone who is interested can confirm this themselves and not take anyone's word for it: Heritage Trust Company, based in Toronto, Ontario. Phone number 416-363-1240."
i have heard from an ernest though unofficial source that there is a PR planned for 2morrow...take that for what you will...
all in all, especially with the prices gold is trading at, this is a great play right now. the price of .016 is a giveaway in my humble opinion....good luck to all Posts: 59 | From: chicago | Registered: Apr 2006
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but anyway you throw some light on that stock. I'm in at .0175 and still keeping. The news can make it 2x-4x bagger. Hope for better future Posts: 130 | From: Dallas | Registered: Mar 2006
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posted
I'm going to limit myself to $400 on this, as it is a pink, but it looks like a damn good play. Any idea what has caused it to drop so much? I'm still looking into it.
posted
i agree ohio_trader...we seem to be holding steady at this price range so i think this is a solid entry point for those sitting on the fence. their last pr said they had signed a letter of intent to aquire a new gold mine and would be finalizing before the end of may....by that timeline we should hear something anytime.
without any geo data it should run up a bit then retrace back down until we hear officially what their holdings consist of...a great opportunity to flip for free shares....they are demonstrating already that they have their **** together as far as reports go so we should be getting what we want as soon as they have it....
Posts: 59 | From: chicago | Registered: Apr 2006
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posted
Gold Company Opens New Offices, Launches New Website and Finalizes Permits for the Manantiales Property TORONTO -- (MARKET WIRE) -- 06/01/06 -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, has expanded operations by opening new offices, launching a new corporate website, while moving forward with La Esperanza and Manantiales properties. "We have been overwhelmed over the last few weeks," said Kenneth Lamb, President of MGM Mineral Resources. "Due to many ongoing aspects of our business and the exciting developments on our properties, we neglected some of our administration duties. These are all symptoms of growing pains from a Company that is rapidly expanding. We feel that we have addressed these issues and now our team is ready to help create shareholder value. I feel our shareholders will be pleasantly surprised when our full story unfolds over the course of the next few months." MGM Mineral Resources has established corporate operations in both Colombia and North America. The company can be contacted at its offices in the following locations: North American Office 1 YONGE STREET SUITE 1801 TORONTO, ONTARIO M5E 1W7 TEL 416-214-7847 Colombian Office CARRERA 46 # 7 - 227 MEDELLIN, COLOMBIA TEL 574-325-7818 The company has also launched a new website, which can be viewed at: http://www.mgmmining.com The new site offers expanded functionality and the latest information regarding new acquisitions, current operations, management, corporate objectives and the rich gold zone in Colombia where MGM Mineral Resources is mining. In addition, the company continues to work with Pink Sheets in order to resume quotation services on Pink Sheets. Mr. Lamb continues, "All information has been filed, translated and finalized in attempts to reach full quoting status on Pink Sheets. Unfortunately due to the abuses of certain shareholders we have been put in a position of going above and beyond the norm in regards to disclosure. As a company, we are fine with this and will apply this higher standard in all our future correspondences with shareholders and with the investment community. This will only strengthen our visibility of being a Company committed to building shareholder value and in becoming a responsible and respected issuer." Such things have not stopped the Company from their onwards push to success, as they have continued updating the 15C211 form and can be found listed on Pink Sheets. In fact, they have posted the first quarter results from 2006. "Based on our constant updates of the 15C211, our shareholders will see that Metro Gold Mines is immersed in operations. Our Company is finalizing all property negotiations, while attaining and securing the necessary mining permits with Manantiales," said Jairo Giraldo, C.E.O. "We would like to complete the transaction and turn the Letter of Intent into a confirmed acquisition." Mr. Giraldo added that the transaction will be completed within the week. There are also additional administrative changes that have occurred within the company pertaining to new staff. This includes finalizing a contract with another highly experienced, well-renowned Geologist to work on the present mines, as well as all future acquisitions. Specific information will be released when the contract is secured. "We are growing rapidly," said Kenneth Lamb. "Establishing international operations, executing marketing programs including the creation of a leading edge website are just a few of the objectives we have outlined in our growth strategy. These accomplishments will enable us to increase productivity, streamline operations and communicate more effectively with shareholders." About MGM Mineral Resources (PINKSHEETS: MGMX) 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. It has acquired La Esperanza Mine and Manantiales Mine in Colombia's highest yielding municipality and is in the later stages of negotiations with several high-grade gold and silver properties. MGM Mineral Resources is initially targeting the richest gold zone in Colombia,where between 60 and 80 percent of the nation's gold is produced. For more information, please visit http://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: Mr. Kenneth Lamb 416-214-7847 President
Posts: 59 | From: chicago | Registered: Apr 2006
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posted
this company is unbelievable! i'm amazed i got shares this cheap!! it's going to be a hell of a summer Posts: 59 | From: chicago | Registered: Apr 2006
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posted
I keep shaking my head and saying to myself where are these people who are selling this stock at .0150 and .0160 getting these shares? They didnt buy them at .0180 or .0190. Were they left over from when it was a different company name? I am puzzled
-------------------- I never knew a Nickle was worth so much.... Posts: 470 | From: New Jersey | Registered: Mar 2005
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posted
shakerzzz says this will be a triple from here, he is going to push this hard it was a very hard fill from .016 to .018 i chased and finally filled may buy more
goodluck
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
these ask are getting taken out left and right no one to hold this thing back, shaky holders got shaken out!
Posts: 119 | Registered: Apr 2006
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