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News Out: MGM Mineral Resources Announces Recent Corporate Activities
Wednesday October 25, 2:00 pm ET
TORONTO--(MARKET WIRE)--Oct 25, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
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Although it has been some time since a recent news release, MGM Mineral Resources has been maintaining all short term and long term goals. A report was drafted recently by company C.E.O. Mr. Jairo Giraldo regarding the recent progress, acquisitions, and ongoing work at the mines.
During the week of October 8, 2006, Mr. Giraldo met with Manager of Operations, Mr. Fabian Llanos and reviewed the various issues pertaining to the Company. These included production, exploration, and communications. They are very content that all these issues are being addressed.
PRODUCTION -- Las Malvinas is the Company's main focus and is in current production. This includes all lab work, processing and extraction stages. Tunnels are in place, they are clean and very accessible, as well as in the process of transporting updated equipment to the site for more advanced extraction.
DEVELOPMENT -- La Esperanza remains the Company's cornerstone and is currently in talks with external international geologists in order to ratify all findings and geological numbers. The Company wants to confirm their findings and move this project into the high production stages.
COMMUNICATIONS -- The Company wants to improve their communications with the shareholders and has been attaining this goal in several ways. They are currently training a bilingual receptionist to which all shareholder calls and emails will be directed. As such, shareholders will be able to get in touch with someone in the South American or North American areas.
"As many may be aware, we have opened our doors to various shareholders lately in order to confirm the veracity of our Company," said Jairo Giraldo, C.E.O. of MGM Mineral Resources. "We have met with some of our shareholders and have been keeping in touch to the best of our current abilities, as well as have allowed pictures to be taken, including out in Segovia, at the shareholders own risk. We did notice that our shareholders have been posting various pictures of our operations and although the pictures are not officially sanctioned pictures of MGM Mineral Resources, they do reflect our Company and can add to shareholder confidence once they see the reality of our projects."
The Company will release additional pictures shortly, including parts of the operation that were not explored by some shareholders.
"We are anxious to release any upcoming technical information pertaining to Las Malvinas," concludes Jairo Giraldo. "Production and shareholder confidence has been our main focus over the past month and we will continue to push towards a bright future."
About MGM Mineral Resources (Other OTC:MGMX.PK - News)
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. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but, is now extending to other areas throughout the country. 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:
Contact:
Mr. Kenneth Lamb
President
416-214-7847
A little shake here?
Another case of buy on rumor, sell on news. This should rebound, this stock likes to bounce around.
So you were right about ETIM today and double right about closing at the HOD? I don't know why some people saw that as a threat and am actually irritated about what went down. Look forward to your pics again and tomorrow.
Two green days in a row, maybe a third? Tired of losing money on this thing!
I'll actually agree with FinancialAdvisor on the large drop in PPS. Obviously there was some sort of pump somewhere this morning trying to get this thing moving. Bunch of people get in and the price tops out at .08. Now you have a bunch of bagholder daytraders that will take a beating just to get out of the stock. Since it's a low floater with a thin bid/ask there's no bid support to hold the PPS so down it goes. Tomorrow will be a new day and most of the daytraders will be out. This thing moves fast and hard so lets hope that this is a bottom and some PR's are issued.
This is the email that I recieved on July 19th.
We thank you for your email and apologize for the small delay in responding to
your questions.
Please be advised that we do not have an "official" launch date, yet, all
questions and concerns will be addressed to our shareholders over the next
month. We have assembled a top notch, multi-national team to reach great
heights and all the information that you request will become quite evident to
the entire public at large as the Press Releases launch. The news throughout
the next month will include all due production information, along with
projections, acquisitions, and current lands and projects.
This is a very exciting time for our management team and experts here in
Colombia, as well as our North American division based out of Canada.
Thank you for your inquiry.
Management
There were never any fake emails. I emailed them three times and recieved an email back twice. I havn't emailed them since because they said they will start releasing PR's within the next month, and that was the middle of July. If we don't hear anything by the 15th of August, I'll start emailing them again. Has anyone gotten any emails in a while, this board has been quiet as of late?
New Email from Company....
We thank you for your email and apologize for the small delay in responding to
your questions.
Please be advised that we do not have an "official" launch date, yet, all
questions and concerns will be addressed to our shareholders over the next
month. We have assembled a top notch, multi-national team to reach great
heights and all the information that you request will become quite evident to
the entire public at large as the Press Releases launch. The news throughout
the next month will include all due production information, along with
projections, acquisitions, and current lands and projects.
This is a very exciting time for our management team and experts here in
Colombia, as well as our North American division based out of Canada.
Thank you for your inquiry.
Management
L E D B E D pump. Seems as if this one is getting some positive attention!
Trader, are you saying that the email I got was fake or that I made the email up myself? Either way, your wrong. I got up last night to run to the bathroom and happened to check my email, after I got it I posted it here, emailed Crossbow and went back to bed. I have no reason to make up anything about this company. You need to quit trying so hard to sway people from this company. You have already warned everyone, now go away. Your job is done here. Just walk away, walk away.....
Finally a response from the company, and a good one at that!
Dear Investor,
We are unaware of the exact date of our initial Press Release, but, it will
occur in the very near future. We would like to issue our initial Press Release
once all of the facets of our business are in place. It won't be long, nor are
there any major roadblocks ahead of us.
Our management team is extremely organized and tedious when it comes to the
organization and finalization of all tasks in order to have a very successful
venture, along with our shareholders.
We thank you for your patience and along with you, we are very anxious to begin
issuing the PR's and continue moving in an upwards trend.
Management
---------- Original Message ----------------------------------
From: "Gerald " <EmailForm@alacrangold.com>
Date: Thu, 06 Jul 2006 06:05:52 +0800
>Name: Gerald
>Company:
>Location:
>Email:
>Phone: XXX
>Fax:
>I was just curious as to whether there will be press releases coming soon to
clear up the many questions behind this new company. Is there a timetable you
guys are on to get the information to the public? I appreciate any insight you
could provide.
>Regards,
>Gerry
>
>El Alacran Gold Mine Corp.
So, a lackluster day in general. I'm glad we closed around .012 and not lower. Still wondering what caused the runup tuesday EOD?
Well, the action for this morning is "For me to poop on!" Anyone heard from the company?
Well, so much for the PR today! Come on big money, no whammy's! Here's to Tuesday guys!
What a boring day to follow up an exciting morning!
Nice start for today, but seems we've stalled out. We need a PR for the love of Pete! Someone's fallen asleep at the wheel.
I can't private message you Crossbow, but email me at gfinney77 at h o t m a i l .c o m.
Wallymac hit it on the head. If you want a great stock, why are you even looking at the pinks or BB Trader? Stick to the NASDAQ if you can't handle the fact that most of these stocks are a bust. This is a good momo play or swing play IMO. It's a gold company so with a good PR you may be able to flip it for a profit. My fingers are crossed for a nice week.
Nice EOD action! I don't know if 50K shares count as a block trade, but look at them fly in. We may even close over 500K today! Come on EAGM, give us something!!!
Lets break 300K in volume today! If there is anything positive to look at in this stock it would be the fact that the trade sizes are increasing. I've emailed the company to see if I can get any response as to a "launch date". Will keep you guys posted!
100K shares traded in under an hour. Someone know something?
How recently has anyone spoken to or recieved an email from the company? Not the TA but EAGM itself. We need to get some response!!!
Small amount of buying pressure takes this thing from trading in the .05's to the .09's. This really is a coiled spring if they EVER release some news!
Company response to someone on H S M. Key word *PRESS RELEASE*!
Mr. **********
We thank you for your email from the other day and would like to
apologize in some delays in responding. EAGM has just recently commenced
trading shares and the official Press Release will be released shortly.
Our Company is ensuring to have all the proper pieces in place before
the official launch to the public. This company is not a "scam" in any
way, it is very important to our group and has been a long but
successful project thus far.
As per our description on the updated Pink Sheets website, our Company
is currently engaged in gold, silver and copper mining activities;
covering all facets of the industry such as the exploration, extraction,
processing and refining of precious metals.
We request that you please maintain a close watch on upcoming Press
Releases and we thank you for your continued interest.
Management
Rumor that this is the next S t o c k s t e r pick! Watch Friday for run...
Well, I emailed both the company and the TA just for giggles. The TA responded but the company remains mum.... here's what I got back from the TA. I'm doing a raindance for a PR tomorrow. If they release it before the market opens, hopefully it will run all day, pick up some attention over the weekend and make for a nice week coming up!
**From the TA***
I do not deal with company press releases so I do not know if/when a new
release will be given.
Thank you
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Telephone Number 972 612 4120
Facsimile Number 972 612 4122
Email Address signaturestocktransfer@msn.com
Looks like it's finding a bottom with some interesting action. A well timed PR and this thing is off to the races.
Can someone kick them in the butt and get them to send out a PR? I'm getting bored! They havn't responded to my email yet.
I emailed the company regarding when to expect some PR's with some information that would shed some light to this company. Hopefully they will respond quickly, or better yet, just put out the PR. I think it would be great timing with XKEM finally issuing their PR everyone was waiting for. I'll post the response as soon as I get one.
Have a good 4th guys and hopefully we'll have a green Wed. Lets hope for a rocking PR that puts everything into perspective.