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When I get more cash I am going to try to load up here. I have been comparing this with others that are similar and this is way undervalued. Lots of things happening down in Africa.
Will be over a dollar once gold starts getting mined.
Mayfair Augments Board and Management Team, Zimbabwe
Mayfair Mng & Minerl (USOTC:MFMM)
Today : Wednesday 16 March 2011
Mayfair Mining & Minerals, Inc., (the Company) (Pink Sheets:MFMM) (Frankfurt:M1M) is pleased to announce that it has appointed additional executives to strengthen its Zimbabwean Board and international management team. Mr. Peter Ganya has been appointed as the Vice President, Business Development, Africa and Mr. Bethrode Nyarufuro has been appointed as the Company's Senior Geologist and Mining Project Manager, Zimbabwe. Mr. Nyarufuro will also serve as a non -executive Director of SouthernCentral Capital, the Company's Zimbabwean subsidiary.
Peter Ganya will assist the CEO and President of the Company in the planned acquisition and business development strategy in Zimbabwe. A native of Zimbabwe, now resident in the UK, Peter brings valuable experience and skills gained in senior management positions within Zimbabwe. He previously worked within the Zimbabwean government, where he was employed as the Senior Accountant in the Zimbabwe Treasury Department at the Accountant General's Office, within the Ministry of Finance, Harare.
Peter also worked in the Ministry of Education, Sports and Culture as the Under Secretary in charge of the entire ministry revenue budget and was responsible for preparing the budgets for all state and council schools in Zimbabwe through the school services fund. He holds an MA and MSc degree in finance at the University of Leicester and a Diploma in Accounting and a BA in Business Studies at the University of Derby in the UK. He is currently the proprietor and Managing Director of GZP Products in the UK, and the CEO of Blowline Investments, a Zimbabwean registered company.
Bethrode Nyarufuro is a commercially astute earth scientist with more than 20 years expertise developed in the exploration, mining and business development sectors in the Southern African Development Community ("SADC"), predominantly Zambia and Zimbabwe.
In the past, in his role of Project Manager he was responsible for procedure mapping, solution design, project implementation and management, project staffing and mining and service contracts. He has worked in Zambia, Botswana, Mozambique, South Africa and Zimbabwe on mining projects encompassing exploration for Gold, Uranium, Nickel, Copper, Lead, Zinc, Chrome, Platinum Group Metals (PGM), Diamonds, Coal, Industrial Minerals and Dimensional Stones. He is a Qualified Person under JORC, NI 43-101 and SAMREC Mineral Resource Classification guidelines.
Prior to joining Mayfair Mining and to date, he has acted as the Senior Principal Consultant for his own geological consultancy, Tailjet Consultancy Services. Prior to this, he was the Senior Project Geologist in Zambia for Denison Mines Corporation, Canada where he was the leader of the team that discovered three Uranium deposits in the Southern Province. He has had a long and rewarding career as the Senior Geologist, Exploration & Mining for Anglo American Corporation, Zimbabwe, when he was part of the team that discovered and opened three gold mines in Zimbabwe.
Bethrode holds a Masters of Science (MSc) degree in Geology, an MSc in Environmental Management at the University of Cape Town and is currently studying for a Masters Degree in Business Management at the University of Zimbabwe. He is a resident of Harare, Zimbabwe.
Clive de Larrabeiti, President of Mayfair commented – "We consider ourselves extremely fortunate to attract people with the experience and qualifications of both Peter and Bethrode to our Company. We are currently involved in a review of potential mining project acquisitions and joint ventures in Zimbabwe and both these individuals bring considerable expertise to assist us in implementing these."
On behalf of the Board of Directors,
Clive de Larrabeiti
President
The Mayfair Mining & Minerals, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5317
SAFE HARBOR STATEMENT
Deals soon maybe. Gold out of ground??? Loooooong time imo
Well this seems to be very good. Things starting to move faster now. How soon do you think we can see some gold coming out of Africa for MFMM?
Thanks.
Mayfair Augments Board and Management Team, Zimbabwe
Mayfair Mng & Minerl (USOTC:MFMM)
Intraday Stock Chart
Today : Tuesday 15 March 2011
Mayfair Mining & Minerals, Inc., (the Company) (Pink Sheets:MFMM) (Frankfurt:M1M) is pleased to announce that it has appointed additional executives to strengthen its Zimbabwean Board and international management team. Mr. Peter Ganya has been appointed as the Vice President, Business Development, Africa and Mr. Bethrode Nyarufuro has been appointed as the Company's Senior Geologist and Mining Project Manager, Zimbabwe. Mr. Nyarufuro will also serve as a non -executive Director of SouthernCentral Capital, the Company's Zimbabwean subsidiary.
Peter Ganya will assist the CEO and President of the Company in the planned acquisition and business development strategy in Zimbabwe. A native of Zimbabwe, now resident in the UK, Peter brings valuable experience and skills gained in senior management positions within Zimbabwe. He previously worked within the Zimbabwean government, where he was employed as the Senior Accountant in the Zimbabwe Treasury Department at the Accountant General's Office, within the Ministry of Finance, Harare.
Peter also worked in the Ministry of Education, Sports and Culture as the Under Secretary in charge of the entire ministry revenue budget and was responsible for preparing the budgets for all state and council schools in Zimbabwe through the school services fund. He holds an MA and MSc degree in finance at the University of Leicester and a Diploma in Accounting and a BA in Business Studies at the University of Derby in the UK. He is currently the proprietor and Managing Director of GZP Products in the UK, and the CEO of Blowline Investments, a Zimbabwean registered company.
Bethrode Nyarufuro is a commercially astute earth scientist with more than 20 years expertise developed in the exploration, mining and business development sectors in the Southern African Development Community ("SADC"), predominantly Zambia and Zimbabwe.
In the past, in his role of Project Manager he was responsible for procedure mapping, solution design, project implementation and management, project staffing and mining and service contracts. He has worked in Zambia, Botswana, Mozambique, South Africa and Zimbabwe on mining projects encompassing exploration for Gold, Uranium, Nickel, Copper, Lead, Zinc, Chrome, Platinum Group Metals (PGM), Diamonds, Coal, Industrial Minerals and Dimensional Stones. He is a Qualified Person under JORC, NI 43-101 and SAMREC Mineral Resource Classification guidelines.
Prior to joining Mayfair Mining and to date, he has acted as the Senior Principal Consultant for his own geological consultancy, Tailjet Consultancy Services. Prior to this, he was the Senior Project Geologist in Zambia for Denison Mines Corporation, Canada where he was the leader of the team that discovered three Uranium deposits in the Southern Province. He has had a long and rewarding career as the Senior Geologist, Exploration & Mining for Anglo American Corporation, Zimbabwe, when he was part of the team that discovered and opened three gold mines in Zimbabwe.
Bethrode holds a Masters of Science (MSc) degree in Geology, an MSc in Environmental Management at the University of Cape Town and is currently studying for a Masters Degree in Business Management at the University of Zimbabwe. He is a resident of Harare, Zimbabwe.
Clive de Larrabeiti, President of Mayfair commented – "We consider ourselves extremely fortunate to attract people with the experience and qualifications of both Peter and Bethrode to our Company. We are currently involved in a review of potential mining project acquisitions and joint ventures in Zimbabwe and both these individuals bring considerable expertise to assist us in implementing these."
On behalf of the Board of Directors,
Clive de Larrabeiti
President
The Mayfair Mining & Minerals, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5317
SAFE HARBOR STATEMENT
This Corporate Overview may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various mining project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements contained herein. Forward-looking statements involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks described in this business plan. Such risks include, but are not limited to terrorist activities that may affect our business or the economy in general; lack of success in mining activities; the prices of metals and gemstones; lack of funds to conduct mining activities; increase in costs of production, and similar risks. For further information about the Company, please refer to its materials filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov
CONTACT: Mayfair Mining & Minerals, Inc.
info@mayfair-mining.com
Stockcharts has yet to add MFMM. Hope they do.
Just noticed that otcmarkets upgraded MFMM to limited infomation from no information.
Another good step forward.
interesting indeed...
The more I read the more interesting this one gets. Very few shares out there!
As of January 3, 2011, there were 36,259,000 shares of common voting stock, $0.001 par value per share held by non-affiliates.
Mayfair corporate profile
http://www.mayfairmining.com/draft_profile.asp
Mayfair videos:
http://www.mayfairmining.com/video.asp
email with some basic questions sent to the company.
will report back if/when I get a response.
Just submitted the request for them to add it to there data base.
Thanks.
Have now 21,200 shares. Only about $800 worth but still watching and may add more after I see the 2010 annual report. Could be a 10 bagger here!
MFMM Daily
please help_stockcharts deleted the chart from their database
request: http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
Was over a dollar back in 2006. If they start mining for gold in Africa I would think that it will be there again.
Wow! Nice pick up. If this move to over $1 you are all set! Just a matter of time for this one I think.
I took 100k today
This is one of the few Mining stocks that has not run yet. I think that I am going to try for some at .04 tomorrow. Only about 15 thousands shares or $600. I think that I may get filled this time :)
Just noticed that this only cost 300,000 restricted shares. They could be expecting a huge increase in the share price within the next year.
Still here but only have a tiny amount of shares as my last buy never filled. Looks like very good news today. I wish I would have been able to have got more shares. May try for some at .04 or so as this seems to be a very good company.
Mayfair Announces Strategic Acquisition, Zimbabwe
Mayfair Mng & Minerl (USOTC:MFMM)
Today : Wednesday 2 March 2011
Mayfair Mining & Minerals, Inc., (the"Company") (Pink Sheets:MFMM) (Frankfurt:M1M) is pleased to announce that it has agreed to acquire Southern Central Private Equity (Private) Limited (SCPE) in a share exchange transaction. The total consideration for the acquisition is a total of 300,000 restricted common shares of Mayfair Mining & Minerals, Inc., to be distributed on a pro-rata basis to the existing shareholders of SCPE. The Company intends to retain existing management of SCPE, post-acquisition.
SCPE is an investment company based in Harare which has been established to make investments in companies in Zimbabwe - where opportunities currently exist to acquire and build value, through its wholly-owned subsidiary – SouthernCentral Capital Limited ("SCC"). The companies targeted for investment by SCC are predominantly those with the potential to provide its shareholders enhanced rates of capital appreciation in the medium to long term, given sufficient funding.
The rationale behind this acquisition for Mayfair is the ease of the establishment of a presence and business office in Harare, staffed by highly-experienced corporate financiers who are well-connected to the business community of the SADC region. Through their relationship with Mayfair, a company which has access to the international capital markets in Europe and the US, SCPE is also positioned within their financial community to offer their services to businesses requiring liquidity and access to the financial markets, as well as stock exchange expertise. It is hoped that this business combination will enable both parties to capitalise on the significant commercial opportunities currently available in Zimbabwe within the coming months. The business plan outlining how the combined entity will finance and capitalise on these opportunities is under preparation and will be available to interested parties shortly.
SCPE is managed by professionals with extensive experience in banking, corporate finance and mergers and acquisitions in Zimbabwe and the SADC region. The members of the Board of SCPE are familiar with and understand the business landscape and the risks and opportunities available in the current economic environment.
Zimbabwe, after years of economic and political turmoil, has seen the ushering in of a new dispensation with the signing of a Global Political Agreement (GPA) that has been instrumental in establishing the Government of National Unity (GNU). This move has resulted in the stabilisation of the country on the socio-political and economic front, as various policies have now been introduced that produce a favourable business environment. These policies include the "dollarization" of the economy and the relaxation of exchange controls, allowing market forces to prevail. This has resulted in the reduction of inflation to single digits, where previously it had reached levels as high as 200 billion percent by some measures, and the recording of GDP growth for the first time, after years of continuous decline. These changes have resulted in the recovery of industrial capacity. Significant positive gains in the economy of the country have already been noted and this recovery continues positively.
The Company has made the decision to enter this market at this time based on what it believes to be substantial discounts afforded to asset values across all sectors of the commercial sector, including mining. These are available due primarily to a lack of financial liquidity, but also to the lingering uncertainty over the short and long-term future of the present government structure and the well-publicised government indecision concerning the implementation and scale of the indigenisation and economic empowerment law proposals, which are currently under review and debate within Parliament.
SCPE is staffed by individuals who, the Company believes, possess the ability to add value to the activities of the Company through the generation of deal flow, capital raising and industry sector expertise. Chai Musoniis the founder and Chief Executive designate of SCPE. He has over 15 years of experience in corporate finance and banking and has been involved in numerous transactions of varying nature, including IPO's, mergers and acquisitions, capital raisings and corporate restructurings in Zimbabwe and the region. Prior to forming SCPE, he was the Managing Director of Imara Corporate Finance before joining Securities Africa as the Managing Director of the Corporate Finance and Advisory Unit, both based in Zimbabwe. Prior to this, he held various senior positions in the banking sector and in commerce and industry. His career background is accounting, having trained with Coopers and Lybrand before moving to PricewaterhouseCoopers. He has travelled extensively on the African continent and has gained valuable business contacts and obtained insight into the business environments of many African nations. Chai holds an MBA from The Henley Management College of the UK and is a resident of Harare.
Clive de Larrabeiti, President of Mayfair, commented – "We are excited to become one of the first junior mining companies to establish a subsidiary in Zimbabwe, a country of extreme opportunities. Through our timely acquisition of Southern Central Private Equity and its highly experienced management team we expect to focus on the key areas of investment in this emerging economy, with our primary focus on mining. Through Mayfair, we are particularly pleased to avail SCPE access to the international financial markets as, in our opinion, one of the key elements to the continuing recovery of the economy in Zimbabwe is foreign direct investment."
On behalf of the Board of Directors,
Clive de Larrabeiti
President
The Mayfair Mining & Minerals, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5317
u still here? i bought .04's today.. a decent amount too.. pr was very encouraging imo
Should I still try to buy in before the update the web site and 2010 financial? Once this happens I am thinking this could move up so much that buying in later would be to late. Ask price is .05 now so kind of stuck right now.
Thanks.
Ask price is .05 now and the only trade that I can see was for 5000 shares. This moves on such little volume that it makes it to hard to buy any. I want to buy in but not at .05.
You could be right. I will give it a few more day and see.
.025 might be the sweet spot
Still no fill on my buy order. Will still just leave it there for a while.
Small limit order for .02 I put in. Lets see if it will ever get filled.
I dont recommend hitting the ask. A little above bid would be better in my opinion.
Has not run yet like most minneral stocks have the past 6 months. The more I think about I just may try to go all in. Chart shows it was .50 a few years ago.
What do you think is a good price to get in at?
Thanks.
Just put a small buy order in for a limit of .02. I like the chart as this seems like a good time to get in since with the news we know they are still in business.
Thats true. May be time to try and get a few again. My orders never seem to fill although I don't put them in on the ask.
I agree. Cant go wrong on a mineral/precious metal much below .02--.01+ though to be honest.
Mayfair Mining & Minerals, Inc., Issues Corporate Update
Mayfair Mng & Minerl (USOTC:MFMM)
Today : Friday 11 February 2011
Mayfair Mining & Minerals, Inc. (the Company) (Pink Sheets:MFMM) (Frankfurt:M1M) is pleased to announce new initiatives and milestones achieved recently within the Corporation.
The Company is in the process of finalising, updating and completing its financial audits for the years 2007 – 2010. The Form 10K reports and filings for the years 2007 and 2008 have now been completed and filed with the Fiscal 2008 report submitted on January 5, 2010. The Company anticipates filing of its 2009 and 2010 financial audits during the first quarter of this new calendar year and will endeavour to file its Form 10K for the fiscal year 2011 by the prescribed deadline. The Company wishes to thank its auditors Malone Bailey LLC, of Houston, Texas for their concerted efforts to assist the Company in the expedited filing of these reports.
The Company's past investments in Zambia are under review and may be offered for sale. The acquisition of Recursos Metalicos S.L., which was announced during 2009, did not close and the Company is taking legal advice with regard to compensation for its expenditures, based on representations of the Vendors during those acquisition negotiations.
In order to benefit from the experience gained whilst operating in Africa, the Company has decided to remain active on the Continent as management feels that, although difficult, the opportunities currently available offer significant risk/reward advantages at this time. The Company is presently reviewing a number of such opportunities.
The Company's website is currently under reconstruction and should be re-posted shortly.
The Board of Directors wish to thank the shareholders and investors in the Company for their continued patience, understanding and support during the last two exceedingly difficult years.
On behalf of the Board of Directors,
Clive de Larrabeiti
President
SAFE HARBOR STATEMENT
This Corporate Overview may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various mining project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements contained herein. Forward-looking statements involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks described in this business plan. Such risks include, but are not limited to terrorist activities that may affect our business or the economy in general; lack of success in mining activities; the prices of metals and gemstones; lack of funds to conduct mining activities; increase in costs of production, and similar risks. For further information about the Company, please refer to its materials filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov
The Mayfair Mining & Minerals, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5317
CONTACT: Clive de Larrabeiti
President
info@mayfair-mining.com
Good news but not to sure about buying at .025 Bid and ask spread is to large. Keeping a close watch on this though.
Corporate update just been issued.
Website is still not updated. It should not take this long.
I agreee. Will wait for website to be updated. Would like to know more of what is going on.
I dont find it that attractive.
Here is their website:http://www.mayfair-mining.com/
How long can a website be under construction? Seems theirs is taking years.
And what I can find on their site is old: http://www.mayfair-mining.com/news.asp
Thats ok. What do you think of this one? Is it worth going in?
Thanks.
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Pinnacle Digest: Mayfair Mining & Minerals Sparks Interest Of Pinnacle Digest
Aug 08, 2008 (M2 PRESSWIRE via COMTEX) -- www.PinnacleDigest.com is a performance-driven online financial magazine and social network with a proven track record. After yesterday's news from Mayfair Mining & Minerals, Inc. (OTCPK:MFMM) announcing that at a Board meeting held on July 29th Alexander Holtermann was elected to stand and agreed to serve as a Director of the Company, our team has launched their exclusive investor controlled forum. Our staff and members have requested that all Mayfair Mining & Minerals shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important aspects when we research for new investments is to understand the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion.
Once a member of PinnacleDigest.com you will have access to all our Mayfair Mining & Minerals research. It is our goal to find viable opportunities for each one of our members.
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