posted
investor relations has said recently said it has no plans to add or subtract shares...
Posts: 59 | From: chicago | Registered: Apr 2006
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posted
bought this morning at .015. What kind of potential does this stock have? It looks amazingly profitable for a penny.
Posts: 69 | Registered: Dec 2005
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posted
superman: i think in the .05-6 range for the upcoming aquisition pr and sky's the limit for the pr containing geo data...
Posts: 59 | From: chicago | Registered: Apr 2006
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could see .25+ with PR detailing assets, growth, and future expectations
although >>.05+ this week is very possible without a PR
hold onto this gem for the ride and stock-up on more if you can....when the daily rsi goes over 50 (currently only 30.88) watchout.....it will soar!!!!!!
posted
Ohio-trader, I took a good look at this one and it looks great. I tried to be too cute and put in a bid on Friday (I can not daytrade as I have a regular job that starts at the opening bell and they are real strict about people looking at stocks) for .0145 because I saw two EOD trades for Thursday that closed after the bell at under .045 and I thought that there might be some momentum there. To say the least by being too cute there I lost out on a great opportunity there. I won't make the same mistake on Monday. What do you think for Monday - a gap?
I think you are on to a real winner here.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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quote:Originally posted by my_2_cents: Ohio-trader, I took a good look at this one and it looks great. I tried to be too cute and put in a bid on Friday (I can not daytrade as I have a regular job that starts at the opening bell and they are real strict about people looking at stocks) for .0145 because I saw two EOD trades for Thursday that closed after the bell at under .045 and I thought that there might be some momentum there. To say the least by being too cute there I lost out on a great opportunity there. I won't make the same mistake on Monday. What do you think for Monday - a gap?
I think you are on to a real winner here.
---------------------------------------------
yes ...with all of the buying pressure yesterday and most of the sellers now out of the way its should gap up around .026-.028 to start the week and go up from there, may have a few dips along the way but should continue to rise all week
a PR could send it off above .10 .....but.05+ by weeks end likely
GLTA
remember they are a penny stock that is profitable NOW ! and they are GOLD !!!!!
a very good combination IMO
Posts: 1551 | Registered: Feb 2006
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posted
i know i tried to buy at .015 on friday( nope), moved it .0155(nope), .01575 (nope)lol, they finally gave in at .016(i got my order filled) and it never looked back..
Posts: 1551 | Registered: Feb 2006
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quote:Originally posted by my_2_cents: I got $1000 to play with, I am thinking of taking a gamble and try to go in at .025, what do you think, too risky?
--------------------------------------------
i've bought at .045, .037, .027. .02. and 016
IMO
this will be over .05 very soon
but everything comes with a risk(especiallly these dang penny plays.....i think the risk reward factor is lower than most penny plays right now
the risks at .025 is low, but the rewards potential is VERY HIGH
your call...i'm in , and will look to buy more
good luck on your decision
Posts: 1551 | Registered: Feb 2006
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posted
Thanks Ohio - I like your posts and insights. I was thinking of pulling out of RSHN and putting it into XKEM, but maybe I'll let it ride another week and get the money for XKEM by pulling out of something else. I got a couple of dogs on the leash.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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posted
Ark, thats an old article, its been discussed on every board a few times. It originally turned me off to mgmx but looking closer at the co. I was going to buy some at .015 fri but it got away from me. I bought pbls instead.
Posts: 56 | From: Massachusetts | Registered: May 2006
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posted
My two cents- your account totals $1000? If so this is too risky to go all in.
I assume you have $1000 to spare. This is risky because Shakerzzz is in it. However, Chartinator, the best innerday chart reader on this earth, says it could go to.13. Tough call maybe drop a small load in here and be light on your feet.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
Hey Duke, thanks for weighin' in on this. The $1000 is how much I have that is currently free to work with. I borrowed against my 401k to get some money to learn how to invest on my own. I've got a lot of changes coming up in my life and I would really like to be freed up to become a day trader. Like I said, I have a couple of dogs on the leash that I got into before I had a better idea of what to look for. I will be doing some restructuring of my portfolio come Monday. I am learning a lot from the people here and I hope that I can achieve my goal in the near future.
Right now I am looking at:
MGMX XKEM EQBM FSMH JMCP BZTG
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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posted
For Chartinator go to IHUB search then type in Chartinator and than select members. I have followed him a few times and maybe he got lucky, but I don't think so. HE called every dip, every run up, down to the minute. Never seen anything like it. He would post "ok it's gonna pullback " and one minute later it would pullback . Amazing.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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MGM Mineral Resources Signs Letter of Intent to Acquire the "Manantiales" Property in the Province of Antioquia, Colombia Market Wire (Fri, May 19) http://biz.yahoo.com/iw/060519/0130355.html
MGM Mineral Resources Appoints New Lead Senior Geologist to Direct Production of La Esperanza Gold Mine Market Wire (Thu, May 4) http://biz.yahoo.com/iw/060504/0126905.html
MGM Mineral Resources Completes Acquisition of La Esperanza Mine in Colombia's Highest Yielding Gold Zone Market Wire (Tue, May 2) http://biz.yahoo.com/iw/060502/0126162.html
posted
MGMX mines worth maybe 1/2 billion trading at a lowly 12 million market cap, MGMX got fire under it friday momo will carry to mondays open*!
Posts: 119 | Registered: Apr 2006
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posted
(PINKSHEETS: MGMX), a precious metal mining company engaged in the acquisition and development of production properties in South and Central America, announces that it has completed its acquisition of the Manantiales property.
This new property is at the end of Colombia's central Cordillera, just two kilometers from the other MGM property, La Esperanza. Just like La Esperanza, this future promising land is contained within a gold producing belt, which stretches for over 150 kilometers from Santa Isabel in the south through Remedios and Segovia to Zaragoza, and Caucasia in the north. The region remains and always has been a major contributor to the national production of gold and silver.
"This property is an excellent addition to MGMX and our geologists feel that the property will yield exceptional results," said Ken Lamb, President of MGM Mineral Resources. "As reported previously, this mine is smaller in both size and probable reserves than our La Esperanza project, but, all studies indicate that the gold is of higher grade. We will be releasing additional technical data to our shareholders once it all becomes available, and our geologists confirm the data."
The Manantiales property is directly adjacent to the municipality of Segovia which makes all inbound and outbound access to the mine's resources very accessible. The other MGM property, La Esperanza, is only two thousand meters away, with only one other property in between.
The veins in the area run from north to south, with a higher concentration (tenor) of gold on the Manantiales property. The thickness of the vein's vary from 0.07 meters to 0.30 meters in some sectors, reaching up to 0,80 meters in remaining sectors. The average tenor of the veins is 32.5 grams of Au per ton and 29.6 grams of Ag per ton.
Very initial testing shows gold reserves exceeding 250,000 tons on the property, along with the following ore minerals:
"Of interesting note to the shareholders, the one thing to keep in mind that this property was acquired through our C.E.O., Jairo Giraldo's family, which owned the land," says Ken Lamb. "In fact, all of the directors of Metro Gold Mines and their respective families collectively own the next five properties that the Company covets, which makes all negotiations easier. Nonetheless, documents need to be completed, filed, registered and arrangements are required that are palatable for both MGM and the respective director and their families."
MGM Mineral Resources urges its shareholders to visit their website. As such, everyone can see both of the current properties in their portfolio, La Esperanza and Manantiales, along with the mining permits for the lands.
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 www.mgmmining.comPosts: 53 | Registered: Apr 2006
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posted
MGM Mineral Resources Completes Manantiales Acquisition Gold Company Finalizes All Permits and Attains Rights to the Manantiales Property
TORONTO -- (MARKET WIRE) -- 06/05/06 -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), a precious metal mining company engaged in the acquisition and development of production properties in South and Central America, announces that it has completed its acquisition of the Manantiales property.
This new property is at the end of Colombia's central Cordillera, just two kilometers from the other MGM property, La Esperanza. Just like La Esperanza, this future promising land is contained within a gold producing belt, which stretches for over 150 kilometers from Santa Isabel in the south through Remedios and Segovia to Zaragoza, and Caucasia in the north. The region remains and always has been a major contributor to the national production of gold and silver.
"This property is an excellent addition to MGMX and our geologists feel that the property will yield exceptional results," said Ken Lamb, President of MGM Mineral Resources. "As reported previously, this mine is smaller in both size and probable reserves than our La Esperanza project, but, all studies indicate that the gold is of higher grade. We will be releasing additional technical data to our shareholders once it all becomes available, and our geologists confirm the data."
The Manantiales property is directly adjacent to the municipality of Segovia which makes all inbound and outbound access to the mine's resources very accessible. The other MGM property, La Esperanza, is only two thousand meters away, with only one other property in between.
The veins in the area run from north to south, with a higher concentration (tenor) of gold on the Manantiales property. The thickness of the vein's vary from 0.07 meters to 0.30 meters in some sectors, reaching up to 0,80 meters in remaining sectors. The average tenor of the veins is 32.5 grams of Au per ton and 29.6 grams of Ag per ton.
Very initial testing shows gold reserves exceeding 250,000 tons on the property, along with the following ore minerals:
"Of interesting note to the shareholders, the one thing to keep in mind that this property was acquired through our C.E.O., Jairo Giraldo's family, which owned the land," says Ken Lamb. "In fact, all of the directors of Metro Gold Mines and their respective families collectively own the next five properties that the Company covets, which makes all negotiations easier. Nonetheless, documents need to be completed, filed, registered and arrangements are required that are palatable for both MGM and the respective director and their families."
MGM Mineral Resources urges its shareholders to visit their website. As such, everyone can see both of the current properties in their portfolio, La Esperanza and Manantiales, along with the mining permits for the lands.
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 President 416-214-7847
Posts: 328 | From: nj | Registered: Jan 2006
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