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no disrespect profiteer .. even if someone was not experienced enough to have their own investement strategies, and followed something like amer bulls, to post a sell-confirmed is useless information because based on their strategy you would sell on sell-if, sell-confirmed means you should have sold already .. same with buy-if / buy-confirmed .. anyone interested in MGMX now should be buying up shares and holding until it really moves .. whoever would buy and sell now just does not have patients to wait for the real value this stock has to offer .. just my opinion ..
MGM Mineral Resources Completes Acquisition of Producing Mine
By Market Wire
Last Update: 8/24/2006 9:45:41 AM Data provided by
TORONTO, Aug 24, 2006 (MARKET WIRE via COMTEX) -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
Metro Gold Mines has recently completed negotiations with Las Malvinas Mine, located just over a mile from the other known MGMX properties, such as La Esperanza.
"Our President, Ken Lamb, assisted us with the initial stages of negotiations when he was down in Colombia two weeks ago, so, we are happy to announce that our Company was able to finalize all negotiations with Las Malvinas," said Jairo Giraldo, CEO of MGM Mineral Resources. "Our Company's portfolio continues to grow."
The Company's geology and technical teams have been to the mine and shared positive feedback as to the future potential. They confirmed that it is a producing mine, although currently not at any high production levels. The Company plans on moving its machinery and technical teams onto Las Malvinas property by the first week of September 2006. They have also confirmed that the mine can be fully expanded and operational within 45 to 60 days.
"This mine will be bringing in revenue for our Company by end of year," said Jairo Giraldo. "The mine already has employees that have known the area and property for many years. We will be concentrating our current production efforts on this mine while finalizing all exploration reports on our La Esperanza property."
The Company is reviewing all the technical data from Las Malvinas Mine and will release it to the public within the next week.
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. 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
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great week for MGMX .. looking forward to next week .. have a good weekend all
at what point do you think they will update their financial data on pinksheets with the details
folks we are positioned very good here .. going into september .. MGMX working hard .. PR's, JV's, mine(s) producing, PR's, more PR's, ... geez .. what else can investors ask for .. come september this thing is going crazy .. wolfandbears L2 gonna be jumping like gold fish that just fell out of their tank ..
wouldnt that be something if comedian Benjamin Rausseo beats Chavez for president?
"If the United States is financing me, it should go ahead and make the deposit, man!" Rausseo said recently. "I haven't seen a single cent!"
Rausseo says he might pull out if another candidate has a better shot at defeating Chavez. But for now he's trying to get serious, pledging for example to "exchange guns for books, tanks for schools, planes for hospitals," in a jab at Chavez's many arms purchases.
:)
yep .. also a little volume coming in .. just need a little burst of volume to bring this up
i hope your right because its only time
true .. sounds good
truth .. i saw you write a note to shakerzzz on his board about MGMX .. i do not have a good feeling about him .. this thing will move fine without someone like him .. at least its my opinion .. he might bring this up alittle but he can bring it down fast .. just dont have a good feeling about it .. i dont think anyone here is thinking quick money .. i am long here and will take small profits along the way up to over $1 .. again .. only my opinion .. everyone has their own agenda but anyone out of this thing quick is going to loose out on bigger and better returns .. just have to be patient
lol .. for a second thought another pr came out
its possible they are making some major updates to the website which might take alittle longer .. sure wish we could have some kind of information specific to this .. i will try to call ken lambs and ask about it .. in my opinion the website is not the best and could use some adjustments making it easier to maintain and update ..
i meant .. it will shatter .. i will be fine :)
when it breaks .. i will shatter
I think 5's will be history
I have a funny feeling tomorrow we will see alot of volume .. alot of buying ..
lets see if the news gets around .. i would also be very happy to see this thing make another step by close today
of course hoping a larger % of that BUYS
i was hoping for at least 15m in volume today .. almost there!
kermitsgold .. thanks for the tip and also all the research
hey kermitsgold .. the link did not work for me .. can you send the actual link (i can read spanish)
congrads redsky on the award .. how did you get so lucky to get an award? .. so i guess i will have to change my name to sky something if i want one? .. maybe skytex, texsky, texsky-n, will cielo work? ... ahh who needs an award lol .. i have my MGMX SHARES!!
i like the activity on the board .. however i just hope we can keep a good bunch of serious investors keeping it positive here .. there are too many positive things going on with MGMX and i think this board will get alot more attention soon as things are heating up .. this is only the start .. not sure how many folks read this board and do not post .. lets keep things interesting here .. thanks to some of the new posters here like wolfandbear, xylan, and of course el gato for contributing .. by the way, if anyone needs help translating redskys posts just let me know :)
l2 jumping around .. i just had flash backs of fishing (surfcasting) on one of the beaches of new england .. lol .. just cause there was alot of fish biting did not mean i was going to catch something but it definitly meant there was something out there ..
kermitsgold .. why do you say that?
yeah thats it 37m .. there is always tomorrow .. dont worry ..lol
nice movement today
they would be trading higher if they would not have had the problems with PinkSheets .. that really hurt them .. so now its just a matter of getting back where they should be, and going UP from there
MGMX!! i just hope there is more smart money coming in vs day traderz .. i dont want to see a big sell off at the eod
i said i was not going to get excited until i see it back to the .01's at least but i am kinda excited to see .005 :)
yes sir alittle volume this morning .. nice
i am thinking most likely news regarding MGMX would be in el colombiano .. however there is no search feature and i am not sure which section to keep an eye on for anything related .. i spoke to a girl i know who works for el colombiano and she told me to contact them however redsky mentioned he was already working on this (i think thats what he said) ..
not sure how recent the pictures are on local live .. reason why is because i put in the address of my companies main office in boston and it had to of been a from a couple of years ago (because the office next door has been empty for several years, and the picture was when it was occupied).
nice day today .. steady
somebody must know something ..
ah common .. get excited!! lol
EAGM now up to .028 now .. this thing really moves
bid now .027 ask .0275
i see the bid .024 and ask .025 on ameritrade
its seems to jump on little volume .. just think when the next PR comes out and some new investors start buying up some shares .. seems like it might move fast!