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byloselhy - whats your expectation when MXSG begins releasing revenue for the first time (maybe within the next week to week 1/2?)... slow climb, sharp rise back to 52 week highs?
Have you finished accumulating your shares yet? You probably only have about a week or two before this starts to reverse...
Good point Peny - At the end of the day we have to determine if we trust the CEO or not. I've also been burned by a con artist before (he is now in prison), but my $$ is lost. I have determined that PT is trustworthy and is working hard for our benefit.
Thanks Pennywoo - anyone who thinks this is a scam is either done zero DD or is being dishonest.
MXSG is a start up mining company with multiple properties and one property that is now producing gold. They've experienced delays and issues (causing the share price to fall), but now appear to have most of them solved and should present their initial gold revenue shortly (as in any day now).
To sell now would be crazy in my mind. The PRs clearly point to a revenue announcement being imminent. Will we have to wait a couple more days, or a week or two?... maybe - but that's a simple thing to do after holding 3 years and know whats coming based on the company's PRs.
Then it will get really exciting as the company ramps up to 10k a day and starts to bring San Felix online!
Agree 100%
Right on - PR on the 26th showed all testing complete. At only 1000 tpd, they are bringing in over $1 million a month in revenue. After splitting with MarMar, MXSG is cash flow positive and a solvent business w/ 1000 tpd - all happening this summer - now factor in 3k, 5k, 10k tpd - etc.
Every additional 1000 tons just makes them that much more profitable and we have a whole other mine at San Felix to ramp up in 2018.
I agree, that was 1.5 years ago and is not our current partner. It appears that nothing current wants to be discussed here ... like our next PR may tell us how much $$$ the company has just brought in after pouring gold and may go from making $0 in revenue to millions.
Sadly, I now use this board for my daily comic relief.
stupid longs who think MXSG will ever be a viable business....too bad..it just will not happen.
LOL
Based on what VNDM is probably doing on the Bid, it may be time to buy some more.
Could see a revenue pour PR/8K within the next 10 days. Anytime this week or next is my guess. Last PR on the 26th indicated a solid test pour. Last time we had a test pour, three weeks later the precip for the revenue pour was ready and we were updated in a PR. (but didn't use because of too much zinc... as we all know this will be added to future pour).
Three weeks from our test pour on the 26th is Monday, July 17th. We are at the finish line now.
The trend will get real interesting as they announce revenue shortly....
Perfect test pour in the June 26th PR. Next Step = $$$
Christmas in July... Wait and see :)
Gator is right. I suggest people adjust their expectations.
For a LOI to turn into a signed contract in less than 4 weeks is extremely rare. Typically the process can easily take a few months and I've seen it take 6+ months on occasion. You have to understand that there will be red lines to the contract that go back and forth between the two companies multiple times, as well as ad-hoc meetings to discuss the terms. Lawyers go on vacation and then the contract sits for a week or two. The other parties lawyers no doubt have multiple contracts they are working on, so expect the process to go very slow.
The legal process at most companies is painfully slow. I've worked at 4 different companies in 3 different industries and in every one its the same. I would be shocked if this is signed in the next week. Its possible, but unlikely IMO.
Thanks DJ - this simple concept has helped me do well in a couple other stocks (ex: gigl) & add to my MXSG position. The simplicity of it is what makes it easy to follow.
For MXSG, I haven't sold a share and have a very low average from years ago - but have been trying to increase my position as I believe PT and MarMar will be successful.
Will I be a "fool" or "brilliant investor"? ... I guess we'll find out over the next couple years, but if I'm labeled a "brilliant investor" it will be because of 8thaero.
IMO - the stock price will respond as we start the revenue pours and sell the gold for cash.
....
MXSG attempted this start on the April 24th PR (2 months ago) with their first test pour and then the 250lb of precip shortly after (May 15th PR). The 250lb of precip had too much zinc (in June 5th PR - 3 weeks after test pour), so they later installed the AA to resolve the issue (announced June 5th PR) and completed June 12th (in June 12th PR).
Now, they have poured their 2nd test pour (as of June 26th PR) with a good AA machine and the issues are resolved, as MXSG stated the issues would be from previous PRs.
Next step is revenue pours after a confirmed solid 2nd test pour (as of June 26th PR). Three weeks later is roughly July 10th... Good chance we get the revenue pour PR in July. This should start a new uptrend IMO.
Agree DJ - just thinking outloud. glad to see you're still around. Ive learned a few things from your comments over the previous months...
I wonder if that's NITEs last 45k block... been selling 50k blocks for a while now.
I'm sure there are some here who are frustrated... Maybe you purchased over .10 cents or over .15 cents and were banking on production in December or April, or June... I get it.
Many of the longs here (myself included) have been here for years and have gone through ups and downs already with MXSG, but I encourage you to not lose hope.
There is an old saying "hope is not a strategy", which is true - but MXSG is based on a lot more than hope. There will be revenue pours and so much gold it will be coming out of our ears!!
Has it been a long wait - yes - has the wait sucked - yes - but the phoenix is rising. This PR is huge. They now have the issues worked out with the smelting process and can start ramping up. We know the gold is there, we know they will be profitable with costs at 30k a month (less than a McDonalds), we know they want to ramp up to 1k tpd, then 5k tpd, then 10k tpd... they just have to get the gold out of the ground, smelt it, and sell it. This PR shows they can do it.
We're right at the finish line now guys and girls... By the end of summer (probably the end of July) the gold pour question that so many are waiting on will be answered.
Also, they conducted a test pour pretty quick after declaring the AA machine "good to go" - only two weeks.
My guess is we see the first big revenue pour (400-600 oz of gold if they don't include the 250lb of precip which would put it close to 800 - 1200 oz) by mid-July - maybe sooner - now that the kinks are worked out.
I'm just speculating as I have no inside knowledge on timing - but one thing is for sure. PT is telescoping that the pours are coming next... Hold onto your shares!
If you're following the PRs, and the timeline the company is working on you'll find this to be an outstanding update. From the last two PRs we knew that they had issues with the 1st test pour and the 250lb of precip having too much zinc. They added the AA machine to fix and they have now poured a 2nd test pour - shown in the pictures.
This PR is fantastic! because PT is showing that all roadblocks are clear and it is now full steam ahead for producing & pouring gold off the leach. This PR is placed perfectly in the serious of events leading up to our future revenue pours and answers the question we are all asking - i.e. are we ready to pour gold?... In the next few weeks we will now begin seeing gold pours as well as see the company turn profitable shortly after that as they ramp up.
It is a great time to own MXSG!
I don't believe PT has stated anything on the matter that I'm aware of, other than his intent is to issue dividends. Which realistically could happen here with Elena.
PT is the largest share holder, so after Elena & San Felix are producing 10k tpd or more, I suspect he (or a new BOD) will make a determination on that based on the best direction of the company and share holder value. Probably will depend on the amount of cash MXSG has, future mining plans, and the share price value at the time.
Problem with buying back shares, is you can't use that $$ for future mining projects. So, I wouldn't see that happening unless we have more cash then we know what to do with.
If you just looked at O/S (150 mil to 450 mil), and we were comparing apples to apples - MXSG would be over $3 a share.
Just shows you how high the PE ratio can get on a gold miner and how high a share price MXSG could go once they start turning a profit. With more than one mine, it could get nuts.
Me as well
I do love the summer - & this summer is going to be awesome for MXSG.
I know everyone has waited for a long time, but there IS a revenue pour coming folks. MXSG is actively leaching with a good AA machine - the next phase is pouring gold. In the mean time they are adding equipment like crazy to ramp up to 10k tpd. At 1gpt (which is lower than the last estimated PR)...
1000 tpd is roughly $1.2 million a month production
3000 tpd is roughly $3.6 million a month production
5000 tpd is roughly $6 million a month production
7000 tpd is roughly $8.4 million a month production
8500 tpd is roughly $10.2 million a month production
10000 tpd is roughly $12 million a month production
What do you think that's going to do to the share price over the next 6 months???? Has anyone ever seen what happens to a penny stock as they turn profitable? (In this case, big time profitable?)
The wait has sucked - no doubt - but hold onto your butts and buckle up. Not much longer now...
BTEXP - the news came out yesterday and the CEO sold the day before, so he didn't sell into the news - but sold a few days before 16th and 19th. Pretty honest move if you ask me.
I received word from IR that we are actively leaching at Elena, so IF they stopped the leach to install and calibrate the AA machine (seems probable), they are for sure leaching now and they for sure have an operational AA machine to ensure a good next pour. (from the June 12th PR)
Basically this means that there is a real count down now till the next pour and revenue announcement. As the zinc issue will be resolved...
Don't know when that announcement will be, but remember there is gold in the pond going through the MC. Our wait may be coming to an end...
Couple things to note while we wait...
- There is nothing wrong with the Merrill Crowe - it is operating as desired.
- There was a problem with the amount of Zinc in the precip coming out of the Merrill Crowe which made it difficult to smelt due to the high temperatures required (according to a recent PR). This is a chemistry issue and not a problem with the equipment.
- To Resolve, they need the AA machine which is now calibrated and operational (from the June 12th PR). So this is a future non-issue.
- They can now smelt the gold entering the pond and into the MC without zinc issues in the future.
- The zinc filled precip will be added to a future pour (according to recent PR). I would imagine it could be added to a couple pours to spread out the zinc, who knows what the plan is.
Now we wait... The AA machine is good to go and we wait for the next pour. MXSG has indicated it is likely to be 400-500 oz of Gold and 10x Silver. (according to PRs) With adding the previous precip (whenever they decide to do that) we could have 800-1000 oz of gold in our first PR announcement on product.
That PR and 8K is coming... No one knows when - could be next week for all we know - but activity by MarMar and MXSG indicate it will happen in the future and will continue for 20+ years.
Well, that was the lowest volume I've seen in a while... Talk about a Mexican Standoff between buyers and sellers.
T Hawk - everything here is opinion. I would use this board for entertainment purposes only.
Can you imagine what they'll be saying?
"HOLY SHNIKES - They did it!" Quick, log in to buy some shares - OH CRAP its doubled!
And I agree - It will take off again. As others have noted it is "show me the money" time. Now that the AA is in place, calibrated, and ready - there is nothing to stop that happening now.... just a matter of patience.
... Remember the run up to .24 cents on expectation of production? I wonder what will happen when revenue is flowing in consistently. I'm expecting the announcement to be a shock to the market. As 8 noted, it could be north of $1 million with the expectation of consistent pouring going forward. We'll probably see a big spike (share price doubling - maybe more) the week of the announcement as all those watchers try to jump in.
One of the interesting benefits of MXSG/MarMar deciding to add the 250lb of precip to future pours is that when we do get the 8k on revenue - it will be huge! Certainly should be enough to cover MarMar's costs and should squarely put us in a 50/50 profit split going forward... Also gold is much higher priced now - so we get that benefit too.
This short delay on announcing revenue could turn into a great turn of events for MXSG... wait and see...
Math looks right to me...
5 gpt @ 1000 tons is 5000 grams.
5000 grams to troy ounces is 161 ounces.
161 ounces x $1290 gold is $208,000.
Anyone seeing the odd trades I'm seeing? Someone keeps selling small lots into the bid throughout the day whenever we move up above .07. (happened twice today) last one was 600 shares (aka $40 at .0672)... Either someone is trying to make $3 for beer money - or someone is trying to artificially keep this down...???
I could be wrong, as I'm wrong a lot :)
I agree that the stock will move UP after the gold/silver smelting is done and the market sees the PR/8k/etc...
However, I'm not so sure its a certainty we won't move before. We have been consolidating for a couple months now. Last run up was from this level to .24 in about 3 weeks and it was on the expectation that production was going to be announced in Dec. Over the last couple months those who are tired of waiting have been selling and those who CAN wait have been buying... At some point this is going to create a new supply/demand balance IF the company keeps putting out PRs like our last one showing that the are getting closer to releasing that 8K of the gold smelt. We've had a couple bigger volume days due to disappointment where shares have transferred to those who are willing to wait... This could shift the trend.
I have no idea what will happen, but I would not be surprised to see this run back up before we get the actual 8k with the smelting $$. We know now that the 8K with this information will most likely contain a boat load of gold and silver since it will be double what we originally expected. Now it may also contain high grade gold - so it could knock our socks off and blow the top off this stock... time will tell...
BOOM!! Thanks 8 - Game Changer.
Look out! With High Grade in play, things are going to get real exciting!!!
I agree with Aqua's comments - valid points by T-hawk.
Right now the company is claiming the amount of gold they have, how much they will produce once refined, and the steps they've taken to get there - along with the missteps.
A huge catalyst will be the PR/8K/etc where revenue is announced.... however, its pretty clear to me that day is certainly coming. They have already done a test pour. They thought they could pour a large amount of precip with proper flux - but decided it wasn't the right decision with the amount of zinc (didn't want to waste a couple 100k $$). Now they will have the AA machine to perfect the chemistry and be able to pour without issues. (just creates a short wait)
Those that know of MXSG can either believe the company will succeed and buy now for 100%+, 200%+, 300%+ gains - or wait and pay a much higher premium if they succeed. If they fail, nothing is lost to those who haven't invested.
Really is a risk scenario on both sides of the equation. My bet from the PRs and communicating with the company is that they are going to get there and will produce 1-5k tpd, then 10k tpd at the revenue they are stating. I'm taking a risk that this will happen.
Others are risking the lost potential gains by waiting to see if they do it.
Gold is there... question is if they can get it out of the ground profitably... to each his own on their risk decision...
Although Seriously - does anyone here really think they are not going to get this gold out of the ground profitably based on what we've seen so far??
Fantastic PR!!!
Couple important points...
- New shear zone averaging 5gpt Au & 18gpt Ag - WOW!!!
- AA analyzer onsite this week (will allow MXSG to know exactly how much they are producing to the hour and FIX any chemistry issues immediately!!! (This is huge!)
- Initial heap collected 400-500oz Au & 10x Ag (approx. $650,000 give or take at today's prices)
- Initial heap's precip had too much zinc, so will be refined later with future precip to dilute the zinc. (creates a short delay on revenue announcement)
- Shortly moving to 1000 - 5000 tpd. With a 15k-17k heap, they will be moving through a heap 1-2 weeks approximately. TRANSLATE - Expect gold pours every two weeks shortly!!!
- Moving to 10k tpd (IS HAPPENING!) TRANSLATE - at 1 gpt, thats over $400,000 a day in gold revenue at today's prices. Gold pour every day!
Seriously Guys - this is FOR REAL and not a pump and dump stinky pinky... They are brand new gold mine ramping up to full commercial production and it is happening NOW over the next couple months.
Now that Cesar Lemas is engaged I'm expecting great informative PRs like this going forward!
And just like that we are back at .07
Crap
You beat me to it. Looks like VNDM was accumulating with keeping this at low sevens... with no other MM's below .08 for quite a while.
Cross your fingers - hopefully VNDM is finished and has backed away, or has sold everything.... At the moment, clearer skies exist.
Next Up - Gold Pour Results!