posted
does anyone know why this thing is moving? The chart looks great, and the news is supposed to move this thing? Could this be the MM's manipulation?
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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posted
flippers and mm's...the volume keeps coming in...this will have it's fun, just be patient
Posts: 59 | From: chicago | Registered: Apr 2006
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posted
with the volume, one will expect this thing to run and Flyy....not to mention a good PR that came in today......I hope these MM's meet their fate, these greedy ass fools
-------------------- Please do your DD. Break some bread with me! Posts: 1138 | From: atlanta | Registered: Apr 2006
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posted
Don't sweat it Ben, a new base is being set today, and there should be alot more news coming out this month. I don't know if this is market makers or not, but .024-.026 is seeing alot of support. If it is market makers, once they have their fill this will go.
-------------------- skids are for kids Posts: 206 | From: Germany | Registered: Apr 2006
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posted
Holding up ok if what someone said was true (thats this was a P&D). I heard that on a few boards but it hasn't been crushed yet, maybe it still has a little climb in it?
-------------------- Money often costs too much. - Emerson
**ALL POSTS ARE IMHO, DO YOUR OWN REASEARCH.** Posts: 458 | From: CT | Registered: Jan 2006
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posted
With the news out today was hoping it'll run got in at .024 but EOD it went down the MM is playing around with us hope it'll run back up tomorrow if it go down more i'll buy more:)
Posts: 158 | From: Phila,PA | Registered: Mar 2006
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posted
everything I look at indicates the price should go up. this looks like the most undervalued stock out there right now. i can't figure out what happened yesteraday. it would be nice for the company to issue some info on themselves, like numbers, employees, and start getting quoted on the pinks. to me the lack of transparency is the single biggest risk. but I still feel a producing gold company is far better than the typical (we have property but no production) pink sheet gold mines
-------------------- skids are for kids Posts: 206 | From: Germany | Registered: Apr 2006
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posted
Is MGMX for real, is it a going organization. Do we have any proof. Does any one live near by who has made the visit. For an opportunity this great we should have the facts,DD.
Posts: 18 | Registered: Jun 2006
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posted
It is, and it still has big volume, does this mean that the big turn is not hear yet. Was looking for volume to dry up, and more sideways trading.
Posts: 18 | Registered: Jun 2006
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posted
chart pattern sure looks good at the close. Looks like the start of a trend, but the question, is this company for real. Is it a scam, or shell company? Anybody know for real,or are we just traders here, and no real speculators.Jesse said it is the big moves that makes the big money,a successful market operation, and this sector is ripe. I need the right stock.
Posts: 18 | Registered: Jun 2006
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posted
cgreen this company looks for real. I sent a nasty email their way last week, and just got the reply. I'll post it. This is an extremely small gold company, so it only has two choices grow or die. To me it looks like it could really go over the summer, but I've been wrong before. They are profitable, but not by much, and if they grow like they need to, they probably won't be profitable next year. Here is the reply they sent me, nothing special.
We thank you very much for your email and concerns.
Our company will be releasing all geological data regarding La Esperanza and Manantiales very shortly. We have our Geological Team currently working on all the data. Our company doesn't want to release any further information until all the vital components have been confirmed. Our shareholders will be receiving information in the near future.
We also request that our shareholders please believe our company when we specify that MGMX is very well aware of the impact and importance of being quoted on Pink Sheets. It is currently the sole reason that our stock is not pushing forward and our team is in daily contact with Pink Sheets in attempts to finalize and rectify this situation.
As you are aware, MGMX was the victim of spamming which led to Pink Sheets requesting a massive amount of information. This has not been completely negative since this has allowed us to be more transparent than many other companies that are quoted on Pink Sheets, including an updated 15C211 form with company financials to March 31, 2006.
We understand that our shareholder base has been subjected to various unwanted situations and appreciate the support. Our company will be quoting on Pink Sheets very shortly, where the public at large will regain confidence in our stock and allow it to reach new heights.
Again, we thank you for your questions and concerns.
Management
-------------------- skids are for kids Posts: 206 | From: Germany | Registered: Apr 2006
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this will help...and when the geo report hits in the next week or so...this will run back up past .05+
Posts: 1551 | Registered: Feb 2006
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quote:Originally posted by hawkdriver: cgreen this company looks for real. I sent a nasty email their way last week, and just got the reply. I'll post it. This is an extremely small gold company, so it only has two choices grow or die. To me it looks like it could really go over the summer, but I've been wrong before. They are profitable, but not by much, and if they grow like they need to, they probably won't be profitable next year. Here is the reply they sent me, nothing special.
We thank you very much for your email and concerns.
Our company will be releasing all geological data regarding La Esperanza and Manantiales very shortly. We have our Geological Team currently working on all the data. Our company doesn't want to release any further information until all the vital components have been confirmed. Our shareholders will be receiving information in the near future.
We also request that our shareholders please believe our company when we specify that MGMX is very well aware of the impact and importance of being quoted on Pink Sheets. It is currently the sole reason that our stock is not pushing forward and our team is in daily contact with Pink Sheets in attempts to finalize and rectify this situation.
As you are aware, MGMX was the victim of spamming which led to Pink Sheets requesting a massive amount of information. This has not been completely negative since this has allowed us to be more transparent than many other companies that are quoted on Pink Sheets, including an updated 15C211 form with company financials to March 31, 2006.
We understand that our shareholder base has been subjected to various unwanted situations and appreciate the support. Our company will be quoting on Pink Sheets very shortly, where the public at large will regain confidence in our stock and allow it to reach new heights.
Again, we thank you for your questions and concerns.
posted
Hmm, not sure what to make of this. Been studying the chart for several weeks. The RSI continues to drop, currently at 30.18, while MACD continues to improve everyday. Keeps getting tighter and tighter, yet price is dropping. Getting close to bouncing IMHO. That Geo Report should launch us. Bought more today at .0141 Posts: 616 | From: Mid West | Registered: Mar 2006
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posted
MGM Mineral Resources Announces Corporate Update Jairo Giraldo, C.E.O., Provides Progress Report for Company Shareholders Jun 20, 2006 3:46:00 PM TORONTO -- (MARKET WIRE) -- 06/20/06 -- 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 a corporate and progress report.
MGM Mineral Resources was recently featured in one of Colombia's largest and most respected daily newspapers, indicating much of what is known throughout the North American markets, but, confirming the fact that MGM is becoming a national entity for gold production and extraction.
"We are fresh on the heels of the Company's new acquisition, Manantiales," said Jairo Giraldo, C.E.O. of MGM Mineral Resources. "We feel it's appropriate to provide our shareholders with an update concerning recent developments."
The Company is proud to announce information regarding explosives and materials for mining use. The local Military Authority in Segovia is who controls and authorizes the purchase of explosives for the region. Last week, Mr. Giraldo signed a contract with the Military Authority in which he obtained the rights to explosives, materials and all other necessary substances for both Manantiales and La Esperanza.
Normally this process can take any where from six months to several years before obtaining such rights. MGM Mineral Resources has the leisure of a well renowned Geologist and C.E.O. at the helm of the Company. This will assist the Company greatly in future mining rights, materials, and acquisitions.
MGM Mineral Resources has commenced construction for a road of 400 meters, which runs from the neighboring mine, Providencia, through to La Esperanza. This will facilitate all inbound and outbound movement to La Esperanza from the local municipalities.
The Manantiales property included several smaller pieces of land, including an area of 15,000 square feet that will be used as a storage facility. This building will house compressors, welding units, and all other relevant mining equipment, along with a bathroom facility and a small office.
"A guest house was also included in the acquisition of the Manantiales property, which is located on the outskirts of Segovia," said Jairo Giraldo. "The Company will utilize the guest house as accommodation for any visiting member of company, including the Board of Directors and their families."
Since the urban center of Segovia is close to the mines, it will not be necessary to incur the additional expense of building a housing center for the miners and other laborers.
Lastly, Director Gilberto Zapata has commenced a census throughout the local communities, including the closest township to La Esperanza, Marmajon. This will be used to confirm the populations, ages, and employment needs of the surrounding communities. Metro Gold Mines looks forward to providing additional employment throughout the communities as the company continues to expand.
"Our President, Mr. Ken Lamb, has been actively involved in the Pink Sheets quotation situation," commented Jairo Giraldo. "We are aware that this quotation service is of importance and Mr. Lamb is working hand-in-hand with our Company's legal team to finalize this issue once and for all."
The Company's quotation system has been shut down temporarily on Pink Sheets based on an issue of spamming and illegal advertising which was conducted by unknown individuals within the first several days of trading. This has caused a detrimental effect on the Company's stock price, but, not on all current objectives and goals, as is obvious throughout this Press Release.
The Company's legal counsel is to provide an Opinion Letter to Pink Sheets confirming that all has been completed and that MGM Mineral Resources has supplied Pink Sheets with any and all pertinent information in relation to it's non-involvement in the spamming issues, and making all their financial and company information readily and publicly available.
"Unfortunately, our Chief Legal Counsel, is in his final stages of recovery from a serious medical operation," said Jairo Giraldo. "This has delayed the finalization of this document, but, we have been assured that it should be submitted to us by end of this week and then the rest will be in the hands of Pink Sheets."
Mr. Jairo Giraldo concludes his Progress Report, "Please keep in mind that this is only the beginning. We are very happy with the trust that our shareholders have placed in our Company. As such, we will continue with our forward progress and provide our shareholders with strong results."
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.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: 24 | From: Tx | Registered: May 2006
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posted
Unlike most pinkie's, MGMX has been VERY proactive in keeping it's investors informed about EVERYTHING within the company, including goals, direction, acquisitions, staff, timeframes. They are actively working to resolve the Pink Sheets issue as well. The key words here are ACTIVE and INFORMED, not lame, like most pinkies.
Another key point here is they are obviously WELL CONNECTED politically and are moving forward at a rate that most mining companies can only dream about. The best part, GOLD and lots of it! Posts: 616 | From: Mid West | Registered: Mar 2006
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posted
Okay folks, I'm at a loss here and need some input. I've been following the chart on this for weeks and EVERYDAY the RSI keeps dropping. At 29.66, this is in the toilet. Meanwhile the MCAD keeps improving EVERYDAY. EVERYTHING is screaming PPS spike here. So WTF is up with the price? Okay, now I feel a little better. Posts: 616 | From: Mid West | Registered: Mar 2006
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posted
hold on time2drum...the info in the pr this week was just what we wanted to hear. they are moving quickly and deliberately to get operations going at full speed. if the rumors of 250000 tons of gold in la esperanza are correct along with the other ore types....blue skys ahead!
Posts: 59 | From: chicago | Registered: Apr 2006
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posted
Internal Geologic Report Confirms MGM Mineral Resources' La Esperanza Mine Contains More Than 800,000 Ounces of Gold Monday June 26, 9:15 am ET
TORONTO--(MARKET WIRE)--Jun 26, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, announced that an internal geological study of its newly acquired La Esperanza mine has been completed.
The report confirms that La Esperanza contains measured resources of 800,000 ounces of gold thus far, with an estimated million or more ounces of indicated resources. The study included various surveys (magnetometer and electromagnetic), as well as mapping, and analyzing samples (crushing, milling, sifting, sampling for chemical and mineralogical analysis, Gravimetric separation in Wilfley table, hydro-cyclone and K Nelson, as well as cyaniding). All was performed with the objective of determining the tenors, thickness and continuity of the auro-argentiferous manifestations.
According to the geologic study the mine holds:
Measured Resources in La Esperanza Mine
823,000 ounces of gold-silver bearing material.
At current gold prices of $550 per ounce, these measured resources have a value of over $450 million USD.
Indicated Resources in La Esperanza Mine
1,220,000 ounces of gold-silver bearing material, consisting of 850,000 ounces located in an interior block, plus another adjacent block of 370,000 ounces located several hundred meters to the east.
At current gold prices of $550/ounce, these indicated resources have a value of $650 million USD.
"La Esperanza is proving that it has the potential to become a world-class mine," said Ken Lamb, President of MGM Mineral Resources. "To put its resources into perspective, even if the price of gold were to plummet to $250 per ounce, this mine would still have precious metals in the ground worth more than half a billion U.S. dollars."
La Esperanza is located in the town of Segovia, which produces more gold than any other municipality in Colombia. As per the recent findings, the style of gold mineralization throughout the region is generally meso-thermal, characterized by high grade, quartz dominant poly event vein systems hosted within first, second and third order joint sets associated with major structural breaks. Taking into account all the information, it was decided to enable the easiest access tunnels in order to further the gathering of samples as well as to determine the continuity of the deposit, thickness and tenors. The network of veins through La Esperanza mine have an average range of thickness from one foot to three feet in some areas and three to six feet in other areas.
"This mine has been operating for a dozen years on a rudimentary basis. We fully expect that once full production is reached La Esperanza has the ability to produce, consistently, for over 50 years," commented Jairo Giraldo, CEO for MGM Mineral Resources.
Posts: 196 | Registered: Feb 2006
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