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It does seem as though people are starting to get excited about the company again .. so hopefully once it picks up some momentum nothing will bring it down like before .. I think MGMX will do what needs to be done in order to keep the pps moving in the right direction.
the old high is nothing compared to where these guys are going IMO
negger, there are alot of mines in the area where MGMX is located .. I saw some pictures from someone who just visited out there and it is amazing .. its a place that has hardly been tapped .. I met a geologist on the plane on my trip back here to medellin last monday, he said the same thing, he spent some time in colombia with the UN (back in the 70's and 90's). I think MGMX has endless opportunities and will grow into a major player through acquisitions and joint ventures .. I just hope they dont get ahead of themselves .. but it does not sound like they will because they are focusing on their current investments and becoming profitable .. I will be selling some shares as the pps goes up however not many .. I am holding because I am expecting the pps to reach close to eventually reach close to a $1
I would say acquisitions are more likely and joint ventures would be near future because something like that would take longer to get going (maybe within the next year) .. I think MGMX will grow into a giant. Based on their PRs it really sounds like they are trying to get their current mines profitable. Your right though, it seems as though because of the meeting in Medellin, I would not be suprised if they announced another acquisition :) I think we will all be happy with what ever comes out of their meetings .. everyones going to be there.
ergo,
not sure why you post here .. this company has a ton of things going on and will continue to drive the pps up and make everyone who jumps on board lots of profit .. you said you have not lost a penny here .. is that because you recently just bought or you have not bought and not interested? if your not interested why post here? GLTA
NEWS OUT ON MGMX
MGM Mineral Resources Announces Corporate Update
Gold Company Resumes Quotation Services on Pink Sheets, Expanding Infrastructure and Upcoming Meeting of the Board of Directors
Aug 2, 2006 9:30:00 AM
TORONTO -- (MARKET WIRE) -- 08/02/06 -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, is pleased to announce various new developments pertaining to its operations.
"We are pleased to announce the fact that Pink Sheets has resumed our quotation services," said Kenneth Lamb, President of MGM Mineral Resources. "It was a very difficult time for our Company and shareholders, but we were able to prevail over an issue that seemed to linger over many weeks. Again, we initially neglected some of our administration duties and these were symptoms of a Company that was rapidly expanding. All is back in order and forging ahead."
The Company's infrastructure is rapidly expanding, as in the completion of various roads, facilities and the steady increase in production. As such, an additional geologist has been added to the MGM team and there have been recent discussions with a North American independent geologist to travel to La Esperanza and Manantiales mines in order to confirm all recent findings.
The entire Board of Directors will be holding a meeting in Medellin, Colombia on August 7, 2006, in order to discuss and implement upcoming strategies which will ensure production value versus costs. The meeting will also enable MGM Mineral Resources to dictate all plans for management, production, extraction, and exportation for the remainder of 2006 and beyond.
"There are several other meetings that are being planned and linked to our agenda while visiting Medellin, Colombia," added Ken Lamb, President. "We will share the outcome of the various upcoming ideas and projects once the trip is complete. We continue growing rapidly, while establishing operations not only at a national level, but internationally as well."
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. It has acquired La Esperanza Mine and Manantiales Mine in Colombia's highest yielding municipality and is in the later stages of negotiations with several high grade gold and silver properties. MGM Mineral Resources is initially targeting the richest gold zone in Colombia, where between 60 and 80 percent of the nation's gold is produced. 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:
Mr. Kenneth Lamb
President
(416) 214-7847
MGM Mineral Resources Announces Corporate Update
By Market Wire
Last Update: 8/2/2006 9:30:26 AM Data provided by
TORONTO, Aug 02, 2006 (MARKET WIRE via COMTEX) -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, is pleased to announce various new developments pertaining to its operations.
"We are pleased to announce the fact that Pink Sheets has resumed our quotation services," said Kenneth Lamb, President of MGM Mineral Resources. "It was a very difficult time for our Company and shareholders, but we were able to prevail over an issue that seemed to linger over many weeks. Again, we initially neglected some of our administration duties and these were symptoms of a Company that was rapidly expanding. All is back in order and forging ahead."
The Company's infrastructure is rapidly expanding, as in the completion of various roads, facilities and the steady increase in production. As such, an additional geologist has been added to the MGM team and there have been recent discussions with a North American independent geologist to travel to La Esperanza and Manantiales mines in order to confirm all recent findings.
The entire Board of Directors will be holding a meeting in Medellin, Colombia on August 7, 2006, in order to discuss and implement upcoming strategies which will ensure production value versus costs. The meeting will also enable MGM Mineral Resources to dictate all plans for management, production, extraction, and exportation for the remainder of 2006 and beyond.
"There are several other meetings that are being planned and linked to our agenda while visiting Medellin, Colombia," added Ken Lamb, President. "We will share the outcome of the various upcoming ideas and projects once the trip is complete. We continue growing rapidly, while establishing operations not only at a national level, but internationally as well."
MGM Mineral Resources Announces Corporate Update
By Market Wire
Last Update: 8/2/2006 9:30:26 AM Data provided by
TORONTO, Aug 02, 2006 (MARKET WIRE via COMTEX) -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, is pleased to announce various new developments pertaining to its operations.
"We are pleased to announce the fact that Pink Sheets has resumed our quotation services," said Kenneth Lamb, President of MGM Mineral Resources. "It was a very difficult time for our Company and shareholders, but we were able to prevail over an issue that seemed to linger over many weeks. Again, we initially neglected some of our administration duties and these were symptoms of a Company that was rapidly expanding. All is back in order and forging ahead."
The Company's infrastructure is rapidly expanding, as in the completion of various roads, facilities and the steady increase in production. As such, an additional geologist has been added to the MGM team and there have been recent discussions with a North American independent geologist to travel to La Esperanza and Manantiales mines in order to confirm all recent findings.
The entire Board of Directors will be holding a meeting in Medellin, Colombia on August 7, 2006, in order to discuss and implement upcoming strategies which will ensure production value versus costs. The meeting will also enable MGM Mineral Resources to dictate all plans for management, production, extraction, and exportation for the remainder of 2006 and beyond.
"There are several other meetings that are being planned and linked to our agenda while visiting Medellin, Colombia," added Ken Lamb, President. "We will share the outcome of the various upcoming ideas and projects once the trip is complete. We continue growing rapidly, while establishing operations not only at a national level, but internationally as well."
i did but i did not see any details on their projects in colombia .. i know they have offices in bogota but not sure what exactly they are working on down their .. i will look again and see if i missed something
get ready folks .. this thing will be taking off soon! GLTA
all, i think MGMX will be sending out a PR next week .. i would imagine since pinks is back quoting, and we have not heard anything, we will be getting an update on their projects which hopefully will get folks excited about this company again .. i am not worried about this because i know eventually this thing will take off .. its only a matter of time .. i am just anxious to see the MGMX board active again with happy investors :)
negger, do you know any details on what EAGM is working on in colombia? i tried to find a business plan or something but have not found anything, and i do not see any press releases from them. looks like they had some volume in june but not much since then .. why do you think they are waiting so long to let us know what they are doing?
it will be fine once the company starts making some anouncements on their progress with current projects and also future perspectives .. give it time and this place will be anything but depressing .. this is coming sooner than most think .. patience will pay big time with MGMX .. GLTA
something will move this soon .. once it starts moving .. its gonna be a nice ride .. i am just sitting back and waiting .. GLTA
I forgot to mention .. it really depends on the situation when and how you sell .. the situation with MGMX is it should be a steady climber .. so give it time.
In my opinion with MGMX, its good to hold long because the pps should continue to go up .. it will not go straight up .. so if you decided to sell alittle here and there to make some profits thats up to your .. the pps today is as low as your will get so its best to load up now .. by the end of this year and going into next year, MGMX will continue to suprise us with interesting developments and progess on existing projects. I think the bounce will come when the dt's decide hit this thing again, but once they are out we should have a steady climb. I do not have much experience with this but just telling you my gut feeling on this one .. it would probably be better to see how one of the veterans responds to this as well.
i do not know for sure .. just a rumor
thanks for the update
yes you are right and i think we should expect a statement soon .. they seem to be good at sending pr's when it makes sense. its possible however he is currently in colombia so not sure when an update will be published
we are on the right path. company working on alot of things. good future here GLTA
MGMX starting to move already GLTA
MGMX starting to move already
MGMX is not tied to PAIM or anyone else .. MGMX had some unfortunate things happen when things got kicked off but everything is coming together now and working on great things. Expect alot from this company.
FYI - MGMX is quoting again on Pink Sheets
negger .. who is gonna win the world series this year? :)
MGMX is back!
negger0 .. is it odd they waited until the 26th? smart? what? oh well .. good call :) and thanks for keeping everything positive GLTA
WE ARE BACK IN BUSINESS!!
MGMX QUOTING AGAIN!!
hey all .. so does this interest anyone?
President of Amelot Holdings Inc. to be Featured Live on Traders Nation
By PrimeZone
Last Update: 7/25/2006 9:45:16 AM Data provided by
CHEYENNE, Wyo., Jul 25, 2006 (PRIMEZONE via COMTEX) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that Aziz Hirji, President of Amelot Holdings, will be featured live on Traders Nation at 11:40 A.M. EST on Wednesday, July 26th. Traders Nation is the largest syndicated live radio and television talk show for Smallcap Stocks.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on alternative energy and bio-fuels.
The Amelot Holdings, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2149
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Amelot Holdings, Inc.
Im here ready and waiting :)
that was all the guy said in his reply to me (from pink sheets). i also left a voice mail with Ken Lambs after i received the response and asked him to give me a call. i will let the board know what he says if he calls me back.
i sent an email to pink sheets this morning and suprised to get a quick response ..
"We are still waiting for an opinion letter from the company's legal counsel."
what??? i thought they said this was a done deal?
i am very disappointed that pinks is not fixed this week (considering what was communicated to us recently) .. i hope they give us an update on that today (seems like they should say something).
1 buck would be nice! GLTA
have any of you looked at AMHD? any opinions?
excellent decision! nice move
when people say the biggest risk in life in never taking risk .. well i dont have much money but what i do have to invest is in this company .. this is my risk .. and i consider it my best opportunity to make a good profit so that is why i am here.
my connection is i buy shares in this company because when i talk to people here in colombia about segovia their eyes lights up .. so i know there is gold out there .. i just dont have to take word from MGMX .. i know from people who have lived near or in segovia.
here are links to their current permits;
http://www.mgmmining.com/mgm/LaEsperanza.pdf
http://www.mgmmining.com/mgm/Manatiales.pdf
the permits are in the name of Rodrigo Betancur, a director of MGMX. you can find his name noted in their financial report posted on pink sheets (link below);
https://www.otcstockinfo.com/repository/626506/626506_FR3.pdf