Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
First time I've ever seen a .0001 spread... I guess I don't get out much :)
Raise the ask fools! :)
With volume so low, its probably just us longs buying more shares anyhow - the market is unaware of whats coming or doesn't believe it will come.
If we're all going to nibble, (myself included) may as well nibble at higher prices so that when the real action happens we all benefit.
Definitely possible Amadeus and realistic...
I still wonder with us being at roughly 12 cents for so long, many longs have been accumulating for the future. The gold pour news may give us an initial pop as I don't think there will be many shares for sale below 24 cents... Those shares have all been purchased already by individuals holding for the real worth of the company, which is much higher than 24 cents. Every day we wait is another day someone purchases for the future and makes a "pop" more realistic in my mind, as anyone purchasing now is probably not looking to flip it at 14-16 cents knowing that the stock is worth much higher than that... But, I could be wrong as I'm wrong a lot. :)
GLTA - Looking forward to the news.
Never Fear Wingman - I remind myself to go with what I know...
The lift is done, leaching is ongoing, the pregnant pond is showing 1 gram per ton on a 10-15k ton lift. Gold pour should have happened already, - just waiting for the official news from Paul. Could be tomorrow, could be a few more days - but its all adding up to glorious news. :)
Is our stock manipulator finally gone? I've been watching and buying over the last several weeks and as soon as we go green a little bit, someone immediately begins offering shares below the last sell price - usually within 2 min driving the price back down - (instead of offering their shares higher or same which would be normal and letting it move up) then we'll usually see a few 100 thousand shares go through at a lower level. This has been happening daily for a couple weeks.
I could be mistaken, but their seems to be a coordinated effort by someone to keep this price down.... I even thought about sending a note to SEC about it... anyhow - today's action looks different so far and I'm wondering if anyone else has noticed...
Or I could be just ignorant - which is also possible.
Mr. Tree, here's the PR you're looking for that notes production at the end of March.
http://www.otcmarkets.com/stock/MXSG/news/Mexus-CEO-visits-Santa-Elena-project-and-gives-an-update-on-progress?id=150484&b=y
Isn't it AMAZING that we are about to go from a revenue of $0 a month (zilch) to $287,500 a month ($3.4 million a yr) in less than two weeks!! then quickly TO $4.3 million a month (+$52.4 million a yr) in less than 9 months!! (not including our second mine)
... and yet less than 30,000 shares have traded today?
Opportunity knocks my friends... There is a good chance the launch will be quick and violent.
Totally agree - Somebody inform who's selling that the value of this company is WAY HIGHER than $0.13....
Incredible! 43% more $$ to the Income Statement!
Can a mod sticky this news? Its the best yet with each week getting better!
Mind-boggling indeed...
100% agree! Greatest day in MXSG history!
Every new update will now make that new day even greater as there is no more delays for actual gold production and it will be poured shortly. PT & MarMar have done it! What a milestone!
There is a very good chance that Monday morning we get the long awaited PR on cyanide flow at Elena...
http://www.otcmarkets.com/stock/MXSG/news/Mexus-continues-march-to-production-with-installation-of-chemical-treatment-equipment?id=152580&b=y
BOOM!! Gold fever!
This could be the last chance to get in at these levels... but WDIK!
Viva Mexus!
Water under the bridge guys.... We all want the same thing which is about to happen. (So close I can taste it)
I'm only still here because of 8 and would have sold off back a few years ago... 8 may slap us around some times, but I believe he is an honest man and PT is an honest man. I actually prefer having both general updates and predicted dates because I am trusting PT is an honest guy. If the dates are missed slightly, I'm fine with it because I see the progress and I trust the person. (I also work in project management and see this routinely)
I lost big a few years back on another stock because the CEO of that company was dishonest and went to prison. Now this is my #1 criteria for investing in micro companies. Can never know for sure, but if you have a honest & hard working CEO and you have a product that is viable - the company will usually succeed even if it takes some waiting.
Again, with 8's experience (which is indeed legendary)and his trust in PT, gives me trust that we are all going to be rich.
Sit tight - its happening
It is great to see... I'm still in shock daily that current MXSG holders would sell at these levels with what's around the corner.
It would take a court order for me to sell right now and even then I probably wouldn't comply.... jail seems like a better choice!
DJ- appreciate your assessment.
Will be interesting to see if "leaching start" and any follow up interviews from PT push the price up above .18c in the next two weeks as you note in your message. I equate the initial spike to .24c from an interview he gave that indicated Dec gold pour. We know that didn't transpire and there was a delay, but I wonder what an interview stating end of March/early April gold pour does knowing that its now near certain with the leach officially started.
I'm far from an expert, but I'm expecting the leaching start and an interview or two will cause the price to push towards .20c before the gold pour, and the gold pour causing us to break out above .24c - I guess we'll just have to sit tight and see.
All the best to MXSG holders!
How did you know I like bacon wrapped shrimp?
Either way works for me Amadeus as I'll be here long after both mines are pouring gold.
My best guess is that it will start the upward pressure for two key reasons: (1) it guarantees a gold pour (2) no more delays for the first gold pour at St. Elena.
The reason we haven't shot past the .20s (coming shortly) is because of delays. After the gold pour the company is then valued as a producer w/ a 2nd mine on the way in months (not years) - it will be fuel to a fire IMO.
If PT does an interview or two after the leaching start, then I'm betting will be into the .20s+ due to the new interest awaiting gold and incredible shareholder base here who knows what they own and isn't selling.
Most long term shareholders here are holding their shares, so we may very well past $.50 in a flash. :) As other posters have commented, doing the math puts us .50+ easy... so its coming one way or another. Good Luck to you!
No doubt LTT - it did it in a blink with anticipation of production in Dec ... imagine what it will do with certainty
We are now within days, if not hours, to hearing that the leach has started - let the good times roll!
LOL - thanks Aqua, I was beginning to get worried there for a moment.
You saved me from selling all my shares a week before leaching starts for a start up mining company.
Think of how I would have felt seeing the gold pour with no shares. :)
LTT - amazing the wealth potential of this company. It's as if we are sitting on a gold mine and we're about to sell gold! Oh yeah - we are!!
Less than two weeks till cyanide starts spraying and the leach is started... then a gold pour to follow.
Very close now.
Yesterday's PR -
Looking good from my perspective. Although I'm disappointed that they're anticipating gold in March instead of now - the PR appears realistic from looking at the progress photos. This week to finish the lift, then 2.5 weeks to run the lines for cyanide, then leaching to start by end of Feb with gold out the bottom in March. Looks very doable & realistic... Could be sooner depending on how long it takes to start the cyanide.
.7gr/t as a column sample is very good & encouraging (better than many of today's profitable mines as many here have noted). Should produce approximately 27 million to mexus a year once they ramp up to 10k a day. This alone should give MXSG an estimated .45 cent share price (PE of 10) and doesn't include the high grade ore off the mill and their 2nd mine at San Felix that they plan to start up by summer.
Pictures and PRs show continued progress which leads me to conclude that we'll see a mine in production soon.
Hope you all have your popcorn ready because it's about to get exciting. Santa Elena is clearly going into production shortly (Imagine what we will see in the next couple updates of pictures or press releases)... it doesn't take a genius to figure out what's happening there.
Shortly we'll start to also get updates on San Felix going back into production. Two mines both producing gold...
The opportunity here is amazing. There is really only one question to answer... is Mexus going into production or not. If you believe they are - and they indeed do, then you can kiss these prices goodbye once the general public finds out they've done it. It will be a buying frenzy to get in.
Great update - note that PT is saying that they plan to pour gold in Dec not start production in Dec (he clarified that some later on in the recording) so production start appears to be imminent, if not started already. (Depending on how one defines it)
Long time shareholder - first post on this board although I've been monitoring it for years. (I guess I couldn't contain myself after that update)
I'm in no way an expert, but I have held lode for a number of years now. I believe they will achieve their goals, but the stock price won't move until they stop selling shares. I think once this happens (if ever) we will see nice gains. IMO
I been trying to sell for a few weeks, even with market orders. I also am looking for a write off on a portion of my shares.. Whoever has been able to sell - please let me know how you're able to do this...
I'm selling and have 1000000 at .0004 and 200000 lots at .0005
Big Bucks - Feel free to purchase.
Wish everyone the best here and I am still holding a significant core position. I do hope by some strange miracle the company becomes transparent and we leave the greys. GLTA
Does anyone here believe this will ever uplist to the pinks or OTCBB? And if so ...why?
Hmmm, maybe - maybe not.
CTTC info has almost always been accurate and re- reading the press release makes me believe that Cate plans to pay by them noting "it will be resolved". I guess we will wait and see what transpires.
Option 5 just announced
I guess this is option #3, but all note closings I've been apart of - those due $$ in the contract get paid at closing.
We do know the construction loan has closed due to news reports...correct?
I see only two reasons for not releasing a PR on the payment..
1. LLEG doesn't care about shareholders
2. Uplisting is close, and they are waiting to release at the same time to support the stock price on a new exchange.
Any other options? I guess I'll hope for #2, since #1 sucks for us all.
Bear - I don't agree with everything you post, but there can be no argument with your logic here. A press release on Berlin payment and 10q is required in this scenario.
If all we hear is crickets then we're being played for certain.
Same for me, and probably many others. They need to be off the grays for me to consider holding into 2012.
Here's to hoping they get their act together in the next 3 months.
Tap is correct. The great question is what's managements true intentions here, and can the SEC thing be resolved without further damage.
Here's to hoping Mike is an honest guy, and not a schmuck.
This will be proven by actions and not opinions. Good news is, we should know these actions by the fall.
Good post Tap - I agree
I knew the SEC was incompetent :)
This stock will be very interesting if Mike can get an audited financial statement, and uplist. I wonder if Mike is considering buying back some shares on the market right before uplisting and them retiring them. Think of what that would do for the share price on the OTCBB and the common shareholders like us....
Maybe a fools dream, but possible. GLTA
This is the reason I believe CTTC is right in his 50/50 belief. Revenues from New Bedford should give them the funds to finish an audit and hopefully list on the OTCBB. Berlin will happen, but may be a year or two away...(could also be tomorrow) It's a waiting game on if LLEG can overcome this suspension. I think they will, but may decide to go private.... We'll see...