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not oversold....it just started trading as mgmx on may 1, 2006...this company is a result of mergers and has only recently reconstituted itself...if you read the filings you'll see they are mining gold right now, not just promising to. way undervalued. heading to .1 in the near future in my opinion...do your own dd and then make your decision
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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
Jason- This one is too risky if your not already in. It's a Shakerzzz pick. I do believe this has the potential to really move, but I would advise waiting to get in until after shakerzzz has dumped. His dumps can really be brutal .
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Shakerzzz play is not what I'm looking for lately. Althouh Chartinator 's endorsement makes this tempting, I won't have any round trips til Tuesday and I only play Shakerzzz picks if I have round trips. Good luck all.
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This one gonna have some crazy momo started towards close on fridays all sorts of radars have picked this one up, going to be a wild wide, shakerzz knows how to pick'em MGMX 1/2 billion dollar mine trading at 13 million market cao, lots of ceiling room, could see .05 on monday! Look at the charts only .026 in the way!
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